DALLAS, April 11 /PRNewswire/ -- Fleming (NYSE: FLM) announced today that
the company has opened a new Food4Less(R) store in West Jordan, Utah. The
store, which is located at 78th South 2700 West, is the 31st Fleming-operated
price impact store. Fleming's 30 other price impact stores are located in
Northern California, Utah and Arizona.
The West Jordan Food4Less is approximately 50,000 square feet. The store
features a strong emphasis on high-quality meat and produce plus national
brand foods and other consumable products at exceptional prices. The store
also features electronic shelf tags for pricing accuracy, convenience features
such as a self-checkout system, and an updated Food4Less decor package.
Fleming has previously announced plans for explosive growth for its price
impact warehouse format over the next three years, with a total of 130 price
impact stores expected to be operational by the end of 2003.
Fleming is a $14 billion company and the industry leader in distribution
and has a growing presence in value retailing. Fleming's primary business is
buying and selling merchandise. The company serves approximately
3,000 supermarkets including more than 700 North American stores of global
supermarketer IGA and other regional banners, 3,000 convenience stores and
nearly 1,000 supercenters, discount, limited assortment, drug, specialty, and
other businesses across the country. To learn more about Fleming, visit our
website at http://www.fleming.com .
Safe-Harbor Statement: This release, including the attached tables,
includes statements that (a) predict or forecast future events or results, (b)
depend on future events for their accuracy, or (c) embody projections and
assumptions which may prove to have been inaccurate, including expectations
for years 2001 and beyond. The projections were not prepared with a view to
compliance with the guidelines established by the American Institute of
Certified Public Accountants regarding projections. These projections,
forward-looking statements and the company's business and prospects are
subject to a number of factors that could cause actual results to differ
materially, including: the ability to achieve the expected synergies and
anticipated cost savings from the Kmart alliance; unanticipated transition and
start-up costs related to the Kmart alliance; the ability to obtain capital or
obtain it on acceptable terms; unanticipated problems in the supply chain due
to the increased volumes from the Kmart alliance; adverse effects of the
changing industry environment and increased competition; sales declines and
loss of customers disruption caused by implementation of strategic
alternatives regarding conventional retail; exposure to litigation and other
contingent losses unanticipated charges related to the strategic initiatives
plan or failure to achieve the expected results of such plan; failure of the
company to achieve necessary cost savings; and negative effects of the
company's substantial indebtedness and the limitations imposed by restrictive
covenants contained in the company's debt instruments. These and other
factors are described in the company's periodic reports available from the
Securities and Exchange Commission.
CONTACTS:
(Media) Randy Hatcher 972.906.8824
(Investors-Equity) Meredith Anderson 972.906.8592
(Investors-Debt) Alan McIntyre 972.906.8126
SOURCE Fleming
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Related links:
http://www.fleming.com
CONTACT:
media, Randy Hatcher, +1-972-906-8824, or
investors-equity, Meredith Anderson, +1-972-906-8592, or
investors-debt, Alan McIntyre, +1-972-906-8126, all of Fleming
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