Related topics

Furrs Supermarkets to Close Stores

August 3, 2001 GMT

ALBUQUERQUE (AP) _ Furrs Supermarkets announced Friday that it will close 17 stores in New Mexico and Texas as part of its purchase agreement with Texas-based Fleming Cos. Inc.

``We made extensive efforts to find buyers for these locations so we could keep them open,″ said Steve Mortensen, president and CEO of Furrs. ``Because no buyers were found, we made the decision to close _ an unfortunate but standard course of business when a company is in Chapter 11 bankruptcy protection.″

On June 29, a U.S. Bankruptcy Court judge in Albuquerque approved Fleming’s purchase of 66 Furrs supermarkets and their inventory, for $107 million. Under the agreement, Fleming may exclude up to 27 stores from the final transaction.

Mortensen said where applicable, Furrs will work with the United Food & Commercial Workers Union on relocation options for employees at the affected stores.

``Our thoughts are with our associates and the communities affected by this decision,″ he said.

Three, stores, one each in El Paso and Andrews, Texas, and in Albuquerque, will close on Tuesday, Mortensen said. Another three, in Albuquerque, Ruidoso and Carlsbad, will close on Thursday.

Furrs announced this schedule for the remaining closings:

Aug. 12 _ Albuquerque, Roswell and Midland, Texas.

Aug. 14 _ Farmington, Albuquerque, and two in El Paso, Texas.

Aug. 16 _ Belen, Las Vegas, Roswell and Anthony, Texas.