Friday, January 2, 2015

Bottom Dollar Food closing 66 stores

Bottom Dollar Food announced Friday that the company will close its 66 store locations in the greater Philadelphia and greater Pittsburgh markets by Jan. 15 and retire the banner's operations. Upon the closing of stores, Bottom Dollar Food will offer every associate severance, and eligible associates will be offered career transition services.

In November, Delhaize Group, the parent company of Bottom Dollar Food, announced that it had entered into a transaction to sell Bottom Dollar Food's 66 store locations and associated lease liabilities to ALDI Inc., and that the transaction would close in the first quarter of 2015.

"We want to thank our associates, customers and communities for their support over the past four years," said Gene Faller, vice president of retail operations for Bottom Dollar Food.

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