18 Rainbow Foods stores are leaving the Twin Cities - Dallas News | myFOXdfw.com

18 Rainbow Foods stores are leaving the Twin Cities

Posted: Updated:
EDINA, Minn. (KMSP) - Roundy’s Inc. has announced it will be selling 18 Rainbow Food stores and exiting the Twin Cities for about $65 million.

Of the 27 Rainbow stores, 10 will be come Cub Foods, two will become Byerly's and six will remain Rainbow stores under different ownership. Roundy's is still looking to sell the remaining nine stores, but will close them if buyers cannot be found. The deal is expected to be finalized in the next two to three months.

“The economic downturn over the last few years, coupled with an increased competitive footprint in the Minneapolis-St. Paul market, has made it difficult for Roundy’s to keep the Rainbow banner competitive," Roundy’s chairman, president and CEO Robert A. Mariano said. "However, we believe the sale of these Rainbow stores to this group of local operators will provide those stores better stewardship in serving their communities in the Minneapolis-St. Paul market going forward. The transaction will also allow us to better focus strategically on growing our Mariano’s banner in the Chicago market and strengthening our business in our core Wisconsin markets."

RAINBOW TO BYERLY'S

- Woodbury at 7050 Valley Creek Plaza -- remodel coming in 2015
- Eden Prairie at 970 Prairie Center Drive -- remodel coming in 2015

RAINBOW TO CUB

- Chaska at 200 Pioneer Trail
- Eagan at 1276 Town Centre Drive
- Lakeville at 17756 Kenwood Trail
- Minneapolis (Lagoon) at 1104 Lagoon Avenue
- Minneapolis (Quarry) at 1540 New Brighton Road
- Oakdale at 7053 10th St. N.
- Plymouth at 10200 Sixth Ave. N.
- Roseville at 1201 Larpenteur Ave.
- St. Louis Park at 5370 16th St. W.
- St. Paul at 892 Arcade St.

REMAINING RAINBOW


- Maplewood at 2501 White Bear Ave.
- Minneapolis (Lake Street) at 2919 26th Ave. S.
- Plymouth at 16705 County Road 24
- Richfield at 140 W. 66th St.
- St. Paul (Midway) at 1566 University Ave. W.
- West St. Paul at 1660 Robert St. S.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Search for Ty Hoffman called off after bank robbery in Blaine, Minn.

    Search for Ty Hoffman called off after bank robbery in Blaine, Minn.

    Monday, September 1 2014 9:11 PM EDT2014-09-02 01:11:43 GMT
    Ramsey County sheriff's officials said the search for Ty Hoffman has "heated up" after a suspect in the robbery at TCF Bank in Blaine appeared to match his description on Sunday.
    Ramsey County sheriff's officials said the search for Ty Hoffman has "heated up" after a suspect in the robbery at TCF Bank in Blaine appeared to match his description on Sunday.
  • 50 favorite photos from the Minnesota State Fair

    50 favorite photos from the Minnesota State Fair

    Tuesday, September 2 2014 8:26 AM EDT2014-09-02 12:26:10 GMT
    MNFFA Association visits the Fox 9 booth with a Miracle of BirthMNFFA Association visits the Fox 9 booth with a Miracle of Birth
    The Great Minnesota Get-Together is back with its hottest starting day in 20 years, 28 new foods and thousands of memories to be captured in photographs.
    The Great Minnesota Get-Together is back with its hottest starting day in 20 years, 28 new foods and thousands of memories to be captured in photographs.
  • The best tractor at the Minnesota State Fair

    The best tractor at the Minnesota State Fair

    Monday, September 1 2014 10:52 PM EDT2014-09-02 02:52:59 GMT
    The Great Minnesota Get Together wrapped up on Monday night, but although many people took home new prizes, one young man says the title he won pales in comparison to what getting there means to him.
    The Great Minnesota Get Together wrapped up on Monday night, but although many people took home new prizes, one young man says the title he won pales in comparison to what getting there means to him.
Widgets Magazine
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices