The bottom line on Bottom Dollar Food is that grocery store operator Delhaize America intends to keep its low-frills stores in the Philadelphia region open even as it plans to convert others to its Food Lion brand.
Bottom Dollar currently has 18 stores in the Philadelphia region -- all opened since October 2010.
Brussels-based Delhaize Group SA said Thursday that it would close 146 money-losing stores, of which 113 are Food Lion supermarkets located in the South.
The company said it would convert 22 Bottom Dollar stores in Maryland, North Carolina and Virginia to the Food Lion format. Also, it will close six "underperforming" Bottom Dollars in North Carolina and Virginia.
Delhaize said the "greatest opportunity for growth" for Bottom Dollar is markets such as Philadelphia, Pittsburgh and Youngstown, Ohio. The company said it still intends to add "several hundred" Bottom Dollar stores in the next five years.
That would be an enormous jump from the 43 Bottom Dollar stores it will have following the conversions, closings, and opening of 14 stores in Pittsburgh and Youngstown, Ohio, this quarter.