Each of the transactions is expected to close between mid-December and the end of February 2020, subject to customary closing conditions. Shoppers intends to wind down operations at these locations, including the sale of any remaining inventory and closure of the stores prior to reopening under other banners. Two of the buyers will enter into long-term agreements for UNFI to serve as the primary supplier of their acquired Shoppers locations.
At three additional Shoppers stores, UNFI made the decision to not renew the lease; the lease is being cancelled at a fourth, pursuant to agreement with the landlord. All four are expected to cease operations by the end of January 2020, the release says.
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Earlier this year, UNFI closed the 30 Shoppers pharmacies located in the stores, and sold the prescriptions and pharmacy inventories to CVS and Walgreens.Steven L. Spinner, UNFI Chairman and CEO, said in the release: “Today’s announcement reflects progress on our commitment to reduce UNFI’s retail footprint and marks another step toward transforming UNFI into North America’s premier food wholesaler. We believe that exiting the retail business will further accelerate our business transformation and allow us to more appropriately allocate resources toward long-term growth initiatives. We will continue to wind down our retail footprint in a strategic and thoughtful manner to achieve the goals previously outlined. As we do this, we greatly appreciate the loyalty of our associates and the tremendous service they have provided to our customers.”
List of store sales and closures:
|
Store Name |
Address |
City |
State |
Zip |
Store Planned |
|
Alameda |
5600 The Alameda |
Baltimore |
MD |
21239 |
Sold |
|
Anchor Square |
6500 Eastern Ave |
Baltimore |
MD |
21224 |
Sold |
|
Annapolis |
2371 Solomons Island Road |
Annapolis |
MD |
21401 |
Sold |
|
Brooklyn Park |
5722 Ritchie Highway |
Brooklyn Park |
MD |
21225 |
Sold |
|
Bull Run |
10864 Sudley Manor Drive |
Manassas |
VA |
20109 |
Closing |
|
Colmar Manor |
3831 Bladensburg Road |
Colmar Manor |
MD |
20722 |
Sold |
|
Coral Hills |
4801 Marlboro Pike |
Capitol Heights |
MD |
20743 |
Sold |
|
King Shop |
7051 Martin Luther King Jr Highway |
Landover |
MD |
20785 |
Sold |
|
Lexington Park |
22599 MacArthur Boulevard |
California |
MD |
20619 |
Sold |
|
Liberty Road |
8212 Liberty Road |
Baltimore |
MD |
21244 |
Closing |
|
Oxon Hill |
6111 Livingston Road |
Oxon Hill |
MD |
20745 |
Sold |
|
Potomac Yard |
3801 Richmond Highway |
Alexandria |
VA |
22305 |
Closing |
|
Quarterfield |
7858 Quarterfield Road |
Severn |
MD |
21144 |
Closing |
|
Rolling Valley |
9274 Old Keene Mill Road |
Burke |
VA |
22015 |
Sold |
|
Takoma Park |
6881 New Hampshire Avenue |
Takoma Park |
MD |
20912 |
Sold |
|
Waldorf |
1170 Smallwood Drive W |
Waldorf |
MD |
20603 |
Sold |
|
Wheaton |
2201 Randolph Road |
Wheaton |
MD |
20902 |
Sold |
