Despite lots of speculation, Schnuck's isn't leaving the Memphis market.
The grocery chain is closing its Cordova store at 1150 North Germantown Parkway, but representatives say Schnuck's isn't planning to close any other stores.
Lori Willis, director of communications for Schnucks, says the store is shutting its doors because of increased pressure from five competing stores within a two-mile radius.
"In the Cordova area our concern is there are so many competitors in a very small area, and there's not enough customer traffic to go around," Willis said.
Willis also said it wasn't true that other area stores were going to be closed.
The Cordova store is scheduled to close Saturday, August 28 at 6 p.m.