Business Wire / Hudson Capital chosen to close five SmartCo Food locations in Colorado.

November 15, 2010

SUMMARY

DENVER--(BUSINESS WIRE)--SmartCo Foods today announced that it will close all five of its Colorado stores over the next month due to disappointing sales that fell below the company’s expectations.

“We are grateful to all our associates who helped open and operate our stores, and are committed to doing all we can to support them through this difficult time.”

SmartCo Foods was developed as a new value-focused grocery store for the Denver area, blending the best features of a local supermarket, warehouse club store and farmer’s market in one, convenient location.

“Despite our best efforts, the level of sales achieved in the SmartCo Foods stores after several months did not meet our goals and is not sufficient to sustain continued operations,” said Dave Hirz, president of Smart & Final Stores LLC, the parent company of SmartCo Foods. “We are grateful to all our associates who helped open and operate our stores, and are committed to doing all we can to support them through this difficult time.”

On Wednesday, all five SmartCo Foods stores will begin store closing sales that company executives expect to last approximately four weeks. According to Hirz, the closing sales will offer shoppers extreme values in time for the holidays.

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