Phar-Mor to close 65 stores

Youngstown, Ohio – Locally based Phar-Mor Inc. filed a motion with the U.S. Bankruptcy Court in the Northern District of Ohio on September 24, 2001 to close 65 stores as part of the restructuring of its operations under Chapter 11 of the U.S. Bankruptcy Code.

With the closing of these stores, the company will focus continuing operations on its 74 remaining high-performing stores – primarily located in its core geographic areas of Ohio, Pennsylvania, North Carolina and Virginia – which each have average annual sales of more than $10 million.