Closures to Help Bashas’ Get Through Bankruptcy: Proulx

Bashas’ here said eliminating the bleeding from underperfoming stores, including stores in new areas, will leave the company in a better position when it emerges from Chapter 11 early next year.

CHANDLER, Ariz. — Bashas’ here said eliminating the bleeding from underperfoming stores, including stores in new areas, will leave the company in a better position when it emerges from Chapter 11 early next year.

Although Bashas’ will still be the small, family-owned chain in a marketplace of national giants, “we will be able to invest in locations that have strong balance sheets, which will help us compete better,” Mike Proulx, president and chief operating officer, told SN

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