As a result of the transaction, Delhaize Group will no longer operate in the discount segment of food retail in the United States and will instead focus on the traditional supermarket segment.
The transaction is expected to close during the first quarter of 2015. Bottom Dollar anticipates all stores will remain open until the end of the year. After that time, Bottom Dollar Food will close the stores and retire the banner’s operations.
In addition to Ambridge, the list of 20 closing stores in the greater Pittsburgh area includes a location in Aliquippa, New Castle and McKees Rocks. Upon the closing of stores, Bottom Dollar Food will offer every associate severance, and eligible associates will be offered career transition services.
“This decision was difficult given the impact on our associates, customers and communities in which we operate,” Gene Faller, vice president of retail operations for Bottom Dollar Food, said in a news release. “We want to thank our associates, customers and communities for their support over the past four years.”
Ambridge residents were excited to welcome the grocery store, after the borough lost its only in-town grocery store in 2007 with the closing of Foodland.
Bottom Dollar also made good use of a former mill site. Old industrial buildings once stood where the Bottom Dollar store is now located and were razed to make way for new development.
Bottom Dollar Food opened its first store in King of Prussia, Pa., on Oct. 8, 2010, and currently has 46 stores in greater Philadelphia and 20 stores in greater Pittsburgh. Bottom Dollar currently employs about 2,200 associates.
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