Delhaize To Close Food Lion, Bloom Stores, Cut Almost 5,000 Jobs In U.S.

Delhaize Food Lion Bloom stores closingBRUSSELS (AP) -- A Belgian supermarket chain that owns Food Lion said Thursday it will close more than 100 struggling stores, mostly in Florida, Georgia, South Carolina and Tennessee.

The company will also shutter the Bloom brand, a sister grocery chain that had been launched as a higher-end alternative to Food Lion.

Pierre-Olivier Beckers, CEO of Delhaize Group, said in a statement the company was dealing with tight consumer spending and increased competition. He said that the store closings, most of which will come in markets where the company has a low penetration, will allow it to focus on better-performing stores where the chain has greater market share.

The store closings will result in about 4,900 job cuts in the U.S., the company said. Beckers said the decisions were difficult but "were in keeping with our responsibility to our shareholders to deploy resources where they will achieve the highest return."

Delhaize will close 113 Food Lion stores in Florida, Georgia, Kentucky, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. It will close seven Bloom stores in Maryland and Virginia, and convert the remaining 42 Bloom stores to Food Lions.

It will also close six Bottom Dollar Food stores in North Carolina and Virginia, and convert 22 others into Food Lions. A distribution center located in Tennessee will also be closed.

But while Delhaize is retiring the Bloom brand, it says it sees promise for Bottom Dollar Food. It said the chain had enjoyed "considerable success" in the Philadelphia area, and that it planned to open its first stores in the Pittsburgh area early this year. Delhaize also reiterated that it plans to add "hundreds" of Bottom Dollar Food stores in the next five years.

Delhaize has about 1,650 stores in the Eastern U.S.



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u2me47

Economy not getting any better here in Middle Tenn. We already had a Food Lion close here and it looks like the rest of them are closing too. K-Mart here closes down in 2 months. All the Jack-in-Box and Applebee's have closed here. The fast food chain I work for has closed 17 of the 23 restaurants it opened up here just over 2 years ago. I'm just glad I still have a job.

January 17 2012 at 11:22 PM Report abuse rate up rate down Reply
Brenda

These types of disparaging comments about older people in the workforce don't help.

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January 15 2012 at 6:44 PM Report abuse rate up rate down Reply
susan

Soon the people wont be able to eat, as the Pres and his wife held a costume party at the White House, we cant afford anymore parties Mr President...

January 13 2012 at 8:05 PM Report abuse +2 rate up rate down Reply
hi bev

The economy is like it is and we hear the news of the President and his family costing the taxpayers 4 millions dollars for a lavish vacation. Can;t wait to get in the line to vote him out. I know other Presidents have made mistakes but this one takes the cake

January 13 2012 at 7:54 PM Report abuse +4 rate up rate down Reply
hi bev

A Belgium supermarket chain closes stores here and we send our jobs to other countries. Tell me what is wrong with that scenario?

January 13 2012 at 7:52 PM Report abuse +3 rate up rate down Reply
sstro

More folks going to the unemployment line. At my work they treat you like doo-doo because they now they can. the only ones who are getting better are our so called leaders in DC

January 13 2012 at 7:46 PM Report abuse +3 rate up rate down Reply
bob

oh no, thought it was gettin betta. yeah,right, keep believin, odumbas

January 13 2012 at 7:30 PM Report abuse +3 rate up rate down Reply
Joey

Its all Odumbo's fault - God how I love saying that. Just think folks a year from now the phony inexperienced community organizer will go the way of Jimmy (the peanut farmer) Carter - ONE TERM - PRICELESS

January 13 2012 at 7:23 PM Report abuse +5 rate up rate down Reply
spoilmeinsi

just another victim of the 'booming ecomony'..didnt you hear them tell us that things are getting better?!?!?!?..i dont know where its getting better...ive never heard of them....but then again we dont have a walmart yet here either :( ..

January 13 2012 at 7:09 PM Report abuse +1 rate up rate down Reply
babettekittie

Maybe if they didn't overcharge so badly, people could afford to shop there! It's sad for those losing jobs but it is what it is.

January 13 2012 at 6:58 PM Report abuse +2 rate up rate down Reply

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