Will Sale of Jewel-Osco Affect Local Stores?
With four Jewel-Osco stores in Niles and others in Park Ridge, Des Plaines and Skokie, experts say the retail chain needs to be revamped.
Retail experts say Jewel-Osco, which parent company Supervalu sold to a group led by Cerberus Capital Management, according to wgntv.com, may be sold again in a relatively short time period, Crain's Chicago Business reported.
Experts also said Jewel-Osco leadership will have to re-examine its pricing strategy to compete with Wal-Mart Inc. and other independent stores. The chain also has not figured out how to successfully draw in ethnic shoppers, Crain's commented.
While Jewel-Osco has not performed well in the face of competition from big box stores and even dollar stores, which do not pay employees union wages, other full-line supermarkets, such as Krogers, have perfomed better, according to nbcchicago.com.
Jewel has four stores in Niles, one in Park Ridge, two in Des Plaines and one in Skokie.