Bottom Dollar Food Stores To Close By Year’s End And Be Sold To Aldi

The Belgium-based owner of Bottom Dollar Food stores plans to close its 66 store locations in Pittsburgh and Philadelphia markets and sell the assets to discount food competitor Aldi Inc. for about $15 million.

Aldi said the purchase is part of an expansion plan that will add 650 stores nationwide by the end of 2018.

Delhaize Group of Brussels said all stores are expected to remain open as Bottom Dollar Food stores until yearend. After that, banner will be retired. The sale of stores and leases to Aldi is expected to be completed by March 31.

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Bottom Dollar To Close Shelbourne Square Shopping Center Site

Map of Berks County, Pennsylvania, United Stat...

Map of Berks County, Pennsylvania, United States with township and municipal boundaries (Photo credit: Wikipedia)

The Bottom Dollar Food store is closing in Shelbourne Square Shopping Center by mid-February.

Christy Phillips-Brown, spokeswoman for Delhaize America, the American parent company of Bottom Dollar, said the store at 20 Shelbourne Road, Exeter Township, is one of three underperforming stores closing in the Philadelphia area.

Phillips-Brown said employees will have to apply for jobs at other stores; the company is not transferring employees to other stores.

The low-cost grocer has two other stores in Berks County, another one in Exeter, in the Reading Mall, and one on Lancaster Avenue.

Read more:  http://readingeagle.com/article.aspx?id=445115