DALLAS, April 16 /PRNewswire/ -- Fleming (NYSE: FLM) today announced that
its North Carolina division has completed its second full week of delivering
food and consumables to Kmart and Kmart Supercenters in the region, under the
new alliance agreement signed by the two firms in February 2001. North
Carolina is the first division to complete the conversion to the 10-year,
$4.5 billion-a-year alliance with Kmart. Additional Fleming divisions will be
converting to the new alliance during the 3-month period ending on June 30.
"Thanks to great support from both Kmart and our Customer Support Center,
the initial ramp up was smooth and successful," said Dennis Caire, North
Carolina Division President. "In addition, our independent customers are
experiencing benefits from expanded product lines and better bracket pricing."
In addition to the North Carolina conversion, Fleming began deliveries of
certain product categories to various Kmart discount stores and supercenters
ahead of the contracted schedule. Fleming and Kmart are working together to
adjust the transition schedule for the maximum benefit of both parties,
including in some cases the early transition of some local independent supply
business that currently supplies Kmart.
Fleming began additional deliveries on March 25 for produce and
Bakery/Deli at the Sacramento division; produce deliveries at the Phoenix,
Lafayette and Memphis divisions; and Bakery/Deli deliveries at the Nashville
and Garland divisions. Additional divisions and product categories may be
transitioned from independent suppliers ahead of the contracted dates as
Fleming and Kmart review and implement the transition plan.
Fleming is a $14 billion company and 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 includes statements that
(a) predict or forecast future events;
(b) depend on future events for their accuracy; or
(c) embody projections and assumptions that may prove to have been
inaccurate, including expectations for years 2001 and beyond.
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; adverse competition, sales declines
and loss of customers, exposure to litigation and other contingent losses,
failure to implement strategic initiatives according to plan or 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 972.906.8823
(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, +1-972-906-8823, 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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