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Future Availabilities Report: Bi-Lo Shedding 25 Stores After Delhaize Merger

Also This Week: Gordon Brothers Group To Close All 360 Dots Stores
March 3, 2014
Bi-Lo Holdings LLC and Delhaize Group received approval from the Federal Trade Commission (FTC) to proceed with the transaction in which Bi-Lo Holdings will acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize.

Bi-Lo Holdings agreed to divest 12 Delhaize America stores Florida, Georgia and South Carolina; and to close eight of the acquired Delhaize and five Bi-Lo Holdings stores due to close geographic proximity.

In addition, Delhaize Group agreed to retain two additional stores and convert them to the Food Lion banner.


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"We have been preparing for the integration of the Sweetbay, Harveys and Reid’s banners and store associates for many months and are delighted to now move forward and welcome them to the Bi-Lo Holdings family,” said R. Randall Onstead, president and CEO of Bi-Lo Holdings.

“Given the number of stores we are acquiring, we anticipated that we may be asked by the FTC to divest some stores to close the deal. In addition, with the close proximity of some of the Bi-Lo Holdings and Delhaize stores, we also knew that we would have to close a few stores as part of the acquisition,” Onstead said.

The stores planned for closure are as follows:

Store - Location - *Closure Date
Sweetbay #1906 - Naples, Fla. - March 22, 2014
Sweetbay #1798 - Dade City, Fla. - April 5, 2014
Sweetbay #1872 - Zephyrhills, Fla. - April 5, 2014
Harveys #2360 - Green Cove Springs, Fla. - May 3, 2014
Harveys #2364 - Tallahassee, Fla. - May 3, 2014
Reid’s #1507 - Walterboro, S.C. - May 31, 2014
Reid’s #2158 - Cayce, S.C. - May 31, 2014
Reid’s #2612 - Orangeburg, S.C. - May 31, 2014
Winn-Dixie #699 - St. Petersburg, Fla. - May 10, 2014
Winn-Dixie #624 - Tarpon Springs, Fla. - May 17, 2014
Winn-Dixie #647 - Seffner, Fla. - May 24, 2014
Winn-Dixie #101 - Moultrie, Ga. - June 14, 2014
BI-LO #5423 - Aiken, S.C. - July 12, 2014

The 12 divested stores and their respective buyers, the two Delhaize America retained stores, and the anticipated transition dates for each store are as follows:

Store - Location - Buyer - Banner - *Deal Closing Dates
Sweetbay #1883 - Arcadia, Fla. - Rowe’s IGA X LLC - Rowe’s IGA - March 22, 2014
Sweetbay #1791 - Wauchula, Fla. - Rowe’s IGA VIII LLC - Rowe’s IGA - March 29, 2014
Sweetbay #1879 - Lake Placid, Fla. - Rowe’s IGA VII LLC - Rowe’s IGA - April 5, 2014
Sweetbay #1795 - Dunnellon, Fla. - Rowe’s IGA IX LLC - Rowe’s IGA - April 12, 2014
Harveys #2374 - Statesboro, Ga. - Homeland - Food World - May 3, 2014
Harveys #2375 - Statesboro, Ga. - Homeland - Food World - May 3, 2014
Harveys #2336 - Vidalia, Ga. - Homeland - Food World - May 3, 2014
Harveys #2378 - Bainbridge, Ga. - Food Giant Supermarkets Inc. - Food Giant - May 10, 2014
Harveys #2379 - Madison, Fla. - Food Giant Supermarkets Inc. - Food Giant - May 10, 2014
Harveys #2349 - Waynesboro, Ga. - W. Lee Flowers and Company Inc. - KJ’s Market IGA - May 10, 2014
Harveys #2370 - Sylvania, Ga. - W. Lee Flowers and Company Inc. - KJ’s Market IGA - May 17, 2014
Reid’s #442 - Batesburg, S.C. - W. Lee Flowers and Company Inc. - KJ’s Market IGA - May 31, 2014
Reid’s #2167 - Hampton, S.C. - Retained by Delhaize Group - Food Lion - N/A
Harveys #2398 - Americus, Ga. - Retained by Delhaize Group - Food Lion - N/A

In May 2013, Bi-Lo Holdings originally announced its intent to acquire 155 operating Sweetbay, Harveys and Reid’s supermarket chains from Delhaize Group. At the close of the transaction, Bi-Lo Holdings will operate 134 of the stores.

Bi-Lo Holdings anticipates that the acquisition of the supermarkets will begin on March 22 and be complete on May 31.


Gordon Brothers Group To Close All 360 Dots Stores


After over 25 years in business, Dots LLC, an Ohio-based women's fashion discount retailer, is closing its doors. The company filed for Chapter 11 protection in January and this past week, Gordon Brothers Group, a global advisory, restructuring and investment firm, was awarded the store closing process for all locations by the bankruptcy court.

Dots currently operates 360 retail locations across the United States. Store closing sales will begin on March 1st and will involve sale of store furniture, fixtures and equipment in order to wind down company operations.

Dots, known for its affordable women's fashion, has struggled against competition from both online retailers and other brick and mortar discount retailers that have greater resources and wider brand recognition. The retail chain has experienced trouble throughout the economic downturn with a significant decline in store traffic. Dots' financial difficulties have been exacerbated by a number of largely unsuccessful changes in product pricing and marketing, as well as a burdensome lease portfolio.

Store locations will remain open until all merchandise has been sold.

Dots is currently owned by Irving Place Capital, a middle-market private equity firm.


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