Bi-Lo Sees Gains, Eyes Recovery

Operating under Chapter 11 protection since March, Bi-Lo is making progress and formulating a strategy for long-term financial health. A U.S. Bankruptcy Court last week approved at least two additional months for Bi-Lo to file an exclusive plan of reorganization. The retailer was facing a July 21 deadline, but argued it needed additional time to develop a five-year plan to improve

GREENVILLE, S.C. — Operating under Chapter 11 protection since March, Bi-Lo here is making progress and formulating a strategy for long-term financial health.

A U.S. Bankruptcy Court last week approved at least two additional months for Bi-Lo to file an exclusive plan of reorganization. The retailer was facing a July 21 deadline, but argued it needed additional time to develop a five-year plan to improve operations, increase profitability and adjust its geographical footprint,

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