SCHNUCK SELLING KANSAS CITY UNITS TO HY-VEE

ST. LOUIS -- Schnuck Markets here said last week it will exit the Kansas City marketplace by selling all seven of its stores there to Hy-Vee Food Stores, the West Des Moines, Iowa-based company that operates 14 stores in that area.The sale comes six years after Schnuck entered the Kansas City market.According to Craig D. Schnuck, chairman and chief executive officer, "We realized we were at a crossroads

ST. LOUIS -- Schnuck Markets here said last week it will exit the Kansas City marketplace by selling all seven of its stores there to Hy-Vee Food Stores, the West Des Moines, Iowa-based company that operates 14 stores in that area.

The sale comes six years after Schnuck entered the Kansas City market.

According to Craig D. Schnuck, chairman and chief executive officer, "We realized we were at a crossroads with two options: to make a substantial investment in new stores and s

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