MAULDIN, S.C. — Bi-Lo increased its sales and cut its losses during the month of March, the retailer said in a monthly operating report filed in U.S. Bankruptcy Court this week.
Bi-Lo said sales for the four-week period that ended March 27 totaled $197.3 million, up 0.4% from the same period last year.
A loss of $406,000 was down from a $4.7 million loss last year, posted shortly after the company filed for bankruptcy protection. For the three months to date, Bi-Lo posted a loss of $9.5 million on sales of $600.3 million. Sales were up by 3.9% from the same period last year.
A confirmation hearing on Bi-Lo’s reorganization plan is set for next week. The company is expected to emerge from bankruptcy shortly afterward.
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