Tue August 11, 2009
Basha's Set to Close 14 More Stores
Flagstaff, AZ – Executives of Bashas' food stores say they plan to ask permission from a judge to close 14 underperforming stores as part of its chapter 11 bankruptcy filing. The chain announced in July it had filed for chapter 11-protection in U.S. Bankruptcy Court. Bashas' executives cited the economy, pressure from a union and the national credit crisis as reasons for the bankruptcy. The president of the company said in a news release that newer stores are among the underperforming stores and will be closed accordingly. Closures are requested for 10 stores in metro Phoenix and one store each in Winslow, Tucson, Marana and Wilcox.