Mariano's closing 3 suburban Chicago stores
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Groceries sit in a bag at the check-out counter of a Mariano's grocery store. Photo: Daniel Acker/Bloomberg via Getty Images
Mariano's is closing three suburban Chicago stores this summer as part of its parent company's nationwide closures.
The big picture: Kroger announced Friday that it will close 60 stores across the U.S. in a move expected to save $100 million, based on an earnings report.
Zoom in: These are the local stores closing:
- Mariano's Buffalo Grove, 450 W. Half Day Road, Buffalo Grove (Aug. 8)
- Mariano's Bloomingdale, 144 S. Gary Ave., Bloomingdale (Aug. 15)
- Mariano's Glenview West, 2323 Capital Drive, Northbrook (Aug. 22)
By the numbers: Total company sales were $45.1 billion in the first quarter this fiscal year compared to $45.3 billion for the same period last year, according to the earnings report.
- Kroger reportedly spent nearly $1 billion as a result of a failed merger with Albertsons.
State of play: Albertsons terminated a $25 billion merger agreement with Kroger last December, after federal and state courts blocked the deal.
- It also sued Kroger, alleging the company failed to cooperate with the regulations needed to complete the merger.
- Kroger said in a statement to Axios: "This is clearly an attempt to deflect responsibility following Kroger's written notification of Albertsons' multiple breaches of the agreement, and to seek payment of the merger's break fee, to which they are not entitled."
Flashback: Bob Mariano opened the first Mariano's in suburban Arlington Heights in 2010 in the wake of Dominick's closing.
- Kroger bought Mariano's parent company Roundy's for $800 million in 2015.
The intrigue: While it's closing the suburban stores, Mariano's is enhancing other stores, spokesperson Amanda Puck tells Axios.
- Mariano's will continue to feature local vendors and brands, including Mama DePandi, a new line of pastas and olive oils from Giuliana and Bill Rancic and Giuliana's mom, Anna DePandi.
- Stores will continue to sell Stan's Donuts, a California-born company with dozens of local locations owned by Chicago restaurateur Rich Labriola.
Zoom out: As the three suburban Mariano's prepared to close, Whole Foods opened a new location in St. Charles on Wednesday, and Aldi is planning to take over the former Whole Foods on Huron in River North.