BI-LO To Close Or Sell 7 Stores, Including Unit At Dalton

Wednesday, February 3, 2010

Officials at BI-LO headquarters announced today that the supermarket chain will close or sell seven of its current 214 stores between February and March as part of the company’s regular review of store profitability and to focus its resources.

The stores to be closed include a Bi-Lo on Walnut Street in Dalton.

An initial list of stores to be closed included one on Battlefield Parkway in Fort Oglethorpe, but officials later said it was a mistake and it will stay open.

The closure of these BI-LO stores is unrelated to the company’s recent Chapter 11 bankruptcy filing, officials said.

Some of the stores are nearing the end of their current lease agreements and the company has decided not to renew those leases, it was stated.

The store locations and their associated closing dates are as follows:

Store Location Closing Date

6272121 East Walnut St., Dalton, GA 307202/20/2010
63413709 E. Independence Blvd, Indian Trail, NC 280793/6/2010
721525 Little Rock Rd., Charlotte, NC 282142/20/2010
298411 Sunset Drive, Manning, SC 291022/20/2010
259269 North Ron McNair Blvd, Lake City, SC 29560TBD
536413 Radford Rd., Dillon, SC 295362/20/2010
559429 west McIntyre Street, Mullins, SC 295742/20/2010

“We first wish to thank all of our teammates for their hard work and for the excellent service they have provided to our customers and our communities in these locations,” said Michael Byars, president and CEO of BI-LO. “We have a long track record of treating our teammates fairly. We are committed to ensuring they receive all of the benefits to which they are entitled.

“We also want to thank all of our customers who have supported these stores through the years. While it is always a difficult decision to close or sell stores, these changes are necessary so we can become a more efficient, effective and focused business that will compete more strongly across the region we serve.”

The affected BI-LOs employ approximately 400. Many of those will have the opportunity to transfer to another position in an area BI-LO store, officials said. If alternate positions are not available, BI-LO will provide eligible affected employees with severance packages and career services to help them make a smooth transition to other employment, it was stated.

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