Spartan Closing Four Pharm Stores, One ExpressMart

Spartan Stores will close five of its Pharm discount drug stores and one ExpressMart convenience store, which was acquired through the recent Felpausch acquisition, by the end of September.

GRAND RAPIDS, Mich. — Spartan Stores here will close five of its Pharm discount drug stores and one ExpressMart convenience store, which was acquired through the recent Felpausch acquisition, by the end of September. The decision was based on a comprehensive evaluation of the stores' performance trends, long-term growth prospects, ongoing capital requirements and lease expiration dates, the company said. Commenting on the transaction, Craig Sturken, Spartan's chairman, president and chief exe

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: News