Friday, December 2, 2011

"Hundreds" of Bottom Dollar stores in the pipeline

Bottom Dollar's parent company, Delhaize Group (Food Lion, Hannaford Bros.), said yesterday it is looking to add 450 new discount grocery stores worldwide over the next five years, "hundreds" of which would be in the U.S.

According to Company CEO Pierre Oliver Beckers, the plan for new stores represents an acceleration of previous forecasts and will help accelerate sales growth by 5% - 7% in the next three years.

According to Bottom Dollar's website, there are currently 23 stores in Pennsylvania and five stores in New Jersey, and the company has recently reported that 14 new stores are scheduled to open in the Greater Pittsburgh area next year. Bottom Dollar competes in the crowded grocery space with Save-A-Lot, Aldi, Walmart and the various dollar stores, not to mention traditional supermarkets and drug stores.

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