Milwaukee-based Roundy’s Supermarkets Inc. notified state officials this week that it will close the Pick ‘n Save store at 2210 Rapids Dr. in Racine on June 27.
The store closure will put 65 employees out of work, according to Roundy’s. Bargaining unit employees at the store are represented by the United Food and Commercial Workers Union Local 1473.
This is just the latest Pick ‘n Save store that Roundy’s has decided to close in southeastern Wisconsin, which has become an increasingly competitive grocery market. Grand Rapids, Mich.-based Meijer plans to open several stores in the region. Costco plans to open stores in New Berlin and Menomonee Falls. Whole Foods plans to add a store in Wauwatosa. In recent years Sendik’s, Woodmans, Trader Joe’s, Walmart and others have added stores in the region. The additional competition has cut into Roundy’s market share in the region.
Last year Roundy’s closed three Pick ‘n Save stores, located in Milwaukee, West Allis and Saukville.
While Roundy’s has struggled with declining market share in southeastern Wisconsin, the company continues to grow its presence in the Chicago area. Roundy’s now has more than 30 Mariano’s Fresh Market store locations in the Chicago area and plans to open another 15 stores in that region during the next 18 months, according to Chicago-based Witherell Real Estate, which is representing Roundy’s for Chicago area real estate deals.
In March, Roundy’s reported 2014 fourth quarter net income of $6.1 million, or 16 cents per share, down from $8.7 million, or 7 cents per share, in the fourth quarter of 2013.
