Business & Tech

Bottom Dollar Foods in Montgomery, Chalfont Closing

The Montgomeryville and Chalfont stores will close in mid-February, due to low sales

The Bottom Dollar Food stores in Montgomeryville and Chalfont will close by mid-February.

Delhaize Group, which owns Bottom Dollar Food and Food Lion, announced Thursday that it is also closing 33 Sweetbay stores in Florida and eight Food Lion stores in North Carolina, South Carolina and Virginia.

About 2,000 employees will be displaced in the closures.

Find out what's happening in Montgomeryville-Lansdalefor free with the latest updates from Patch.

Chief Financial Officer Pierre Bouchet said the Bottom Dollar Food stores were “loss-making stores.”

The closure of the three Bottom Dollars — the third is in Reading — and the Sweetbay and Food Lion stors will bring in about $40 million in underlying profits, according to Delhaize America.

Find out what's happening in Montgomeryville-Lansdalefor free with the latest updates from Patch.

The nearest Bottom Dollar Food will soon be in Ambler Borough, where a store development is in the works.

The Bottom Dollar Food location in Montgomeryville opened in late 2010.

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