In Minnesota, the Star Tribune reports that Roundy's-owned Rainbow Foods "is quietly closing two more stores in the north metro citing increased competition and changing consumer habits, bringing to five the number that have been shuttered in the Twin Cities over the past year."
“The economic downturn over the last few years, coupled with an increased competitive footprint from the likes of Wal-Mart and others, has made it hard to control costs and remain competitive in the geographies where we have closed stores,” said James Hyland, Roundy’s vice president of investor relations and corporate communications, in a statement.
“The economic downturn over the last few years, coupled with an increased competitive footprint from the likes of Wal-Mart and others, has made it hard to control costs and remain competitive in the geographies where we have closed stores,” said James Hyland, Roundy’s vice president of investor relations and corporate communications, in a statement.
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