Bottom Dollar Food, owned by Delhaize Group, has announced that the company will close its 66 store locations in the greater Philadelphia and greater Pittsburgh markets by January 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, according to the company. The chain currently employs about 2,200 associates.
In November 2014, 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. As a result of the transaction, Delhaize Group will no longer operate in the discount segment of food retail in the U.S., the company noted, while it will continue focusing on its core operations in the traditional supermarket segment.
“We want to thank our associates, customers and communities for their support over the past four years,” said Gene Faller, vp/retail operations for Bottom Dollar Food.