Market Overview

Store Closing Sales Begin Friday, November 2, at All 10 Boston Area Johnnie's Foodmaster Markets

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NORTHBROOK, Ill.--(BUSINESS WIRE)--

After 65 years in business, store closing sales will begin Friday, November 2, at all ten Johnnie's Foodmaster supermarkets. The closing stores are located in Arlington, Brookline, Charlestown, Lynn, Medford, Melrose, Somerville, South Weymouth and Whitman.

Compelling discounts of up to 30 percent will be offered on all food and beverages, household products and general merchandise. There will be no discount exceptions or exclusions, as prices will be reduced on absolutely all merchandise. All stores are extremely well stocked with meat, dairy, produce, bakery, snacks, beverages and other grocery items. In addition, shoppers will save on all paper goods and household cleaning products. The significant discounts are expected to generate tremendous customer response to a sale which will end very quickly. Consumers are urged to shop early in order to take advantage of the best selection.

Michael Keefe, Chief Executive Officer of Hilco Merchant Resources, stated, “Our selection by Foodmaster to conduct this store closing event is yet another gratifying acknowledgment of Hilco's unsurpassed, industry leading expertise in the supermarket sector.”

About Hilco Merchant Resources, LLC

Based in Northbrook, IL, Hilco Merchant Resources (www.hilcomerchantresources.com) provides high-yield analytical, operational, asset monetization, capital investment and advisory services to help retailers define and execute their strategic initiatives. Activities fall into seven principal categories: acquisition of disposition of duplicative or underperforming stores; retail company or division wind downs, event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management; loss prevention; and, monetization of furniture, fixtures and equipment. Over the years, Hilco principals have disposed of assets valued in excess of $150 billion. Hilco Merchant Resources is part of the Hilco organization, a provider of asset valuation, acquisition, disposition and advisory services to an international marketplace through twenty specialized business units. Also headquartered in Northbrook, IL, Hilco maintains offices in major business centers throughout North America and Europe. For more information please visit: (www.hilcotrading.com).

NOTE TO EDITORS: STORE LOCATION LIST FOLLOWS

 
JOHNNIE'S FOODMASTER MARKETS
     
Address City State Zip
471 Salem Street Medford MA 02155
105 Alewife Brook Parkway Somerville MA 02143
Bunker Hill Mall Charlestown MA 02129
808 Massachusetts Avenue Arlington MA 02174
880 Main Street Melrose MA 02176
35 Pleasant Street South Weymouth MA 02190
688 Bedford Street Whitman MA 02382
50 Boston Street Lynn MA 01902
1026-1028 Beacon Street Brookline MA 02446
45 Beacon Street Somerville MA 02143

Hilco Merchant Resources
Gary Epstein
Office: 847-418-2712
Email: gepstein@hilcotrading.com


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