Corporate owner of , Supervalu Inc., announced Wednesday in a news release that it will close about 60 stores, including the Acme on West Trenton Road in Falls Township, that are deemed "underperforming or non-strategic."
The chain, which owns Malvern-based Acme, spared stores in Bensalem, Bristol Township, Doylestown, Horsham, Lower Southampton, Newtown and Warminster.
According to The Philadelphia Inquirer, Falls Township, Sharon Hill, and Glassboro, NJ will see their Acmes close before Dec. 1, 2012. An additional Acme will close in Stevensville, Md.
Wayne Sales, SuperValu's president, said:
“These decisions are never easy because of the impact a store closure has on our team members, our customers, and our communities. Today’s announcement reflects our commitment to move with a greater sense of urgency to reduce costs and improve shareholder value.”
Acme operates 116 stores in Pennsylvania, New Jersey, Delaware and Maryland, employing more than 13,000 associates, according to its website.
Over the past several years, Acme has faced several financial problems.