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UKROP’S TO CLOSE GRACE STREET STORE
RICHMOND, Va. – April 14 , 2008 – Ukrop’s Super Markets, Inc. today announced it would close its store at 500 North Harrison Street effective 6:00 p.m. on Saturday, May 10, 2008.
Ukrop’s acquired the store at Grace and Harrison Streets in October 2003.
Ukrop’s President and Chief Executive Officer Bobby Ukrop, said, “We were both excited and somewhat anxious about Ukrop’s first opportunity to operate a retail grocery store in a ‘downtown’ environment. We made a sizeable investment to renovate the store and have attempted many different strategies during the past five years to grow the business. However, in spite of our best efforts, we have been continuing to operate this location at a significant deficit; doing so can longer be an option for us, especially in light of today’s economy.”
Ukrop’s notified its shoppers of the closing via personal letters last week. “We are grateful to those customers who have supported our store and will do our best to meet their needs at other nearby Ukrop’s,” Ukrop shared.
In order to ensure Ukrop’s pharmacy customers experience minimal disruption, particularly for those customers who are close to our store, the company has made arrangements with another retailer (approximately one mile away) to receive Grace Street customers’ prescriptions at the close of business on May 10, 2008.
As with all previous closings, all of our associates who have faithfully served our customers will be offered comparable positions at other Ukrop’s locations.
Media Contacts:
Susan Rowe
Ukrop’s Super Markets Inc.
804-340-3104
Susan.Rowe@ukrops.com
Jonathan Rhudy
For Ukrop’s Super Markets Inc.
804-897-0763
jonathan@rhudy.biz
About Ukrop’s
Ukrop's Super Markets, Inc., founded and headquartered in Richmond, Va., with more than 5,600, associates now operates 29 retail food stores, Joe's Market (a regional specialty market), a central bakery and kitchen, and a distribution center. Since 1937, the privately held business remains dedicated to its version of the Golden Rule: “treating customers, associates, and suppliers as they personally want to be treated.” Each year, Ukrop's gives a minimum of 10 percent of its pre-tax profits back to the community. Ukrop's was a pioneer in both loyalty marketing and meal solutions when it launched its Valued Customer® program in 1987 and its chilled prepared foods in 1989. In 1997, Ukrop's established a unique partnership to place banks in its retail locations. Today, it co-owns, with Markel Corporation, 25 First Market Bank branches in Ukrop's locations and 10 free-standing branches. www.ukrops.com
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