Save-A-Lot Store Closures 2020: Which Locations Is The Grocer Closing?
Save-A-Lot is the latest grocer to be plagued with store closings as it looks to reportedly shed millions in debt.
According to local reports, the company is closing one store in Chicago, Illinois, one location in Dover, Delaware, a store in High Point, North Carolina, a store in Lafayette, Indiana, and three Florida stores with another slated to close this later month.
Save-A-Lot said in January that an agreement had been made with the majority of its lenders to help reduce more than $400 million in debt, including new capital of $138 million, the St. Louis Post-Dispatch reported. According to Bloomberg, Save-A-Lot had more than $820 million of outstanding net debt back in August.
Save-A-Lot has more than 1,100 stores in 33 states.
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