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LEEDMARK ANNOUNCES LAYOFF OF 30 ASSOCIATES AT GLEN BURNIE STORE

 GLEN BURNIE, Md., Feb. 15 /PRNewswire/ -- Citing what they called necessary efforts to streamline the operations of the country's first one-stop shopping hybrid-market, Leedmark officials today announced the immediate layoff of 30 associates at its store in Glen Burnie.
 Spokesman Edward Segal said the layoffs represent less than 10 percent of Leedmark's workforce. "This store is the prototype of a new retailing idea. We knew when we opened in May 1991, that changes would have to be made to fine tune this concept and streamline our operations," he said.
 "Today's announcement is an unfortunate but necessary aspect of our continuing efforts to ensure the success of our first store," Segal said.
 Segal said the layoffs, which include 10 management positions and 20 union workers, are effective at the close of business today.
 Tom Strzelczyk, president and CEO of G.B. Glenmark Ltd., Co., the store's operating company, said "The Leedmark's hybrid market concept and our policy of every day low prices continues to receive the overwhelming support of consumers, and I remain confident about its future. We look forward to continuing to serve the needs of consumers in the area."
 Segal said Leedmark will take every step necessary to assist the workers in promptly filing for unemployment insurance benefits. Store officials will ask the Maryland Unemployment Agency to assist the associates in filing for unemployment insurance and to help them begin the process of finding new jobs
 The laid off associates will also receive health insurance continuation coverage information. Under the law, employees may continue to purchase health insurance from their former employer for the next 18 months.
 Leedmark is the first one-stop shopping hybrid market in the United States. The store, which features 85,000 different items of merchandise, combines the best features of 18 different stores so that consumers can buy all of their basic needs for apparel, non-food and food items under one roof.
 The hybrid market concept is a revolution in retail shopping that combines American technology and merchandising expertise to customize the traditional European hypermarket for American consumers.
 In 1992, Leedmark was named one of the 13 best designed new retail stores in the United States by Chain Store Age Executive, a industry publication.
 Leedmark was the only store in the Baltimore-Washington area to be recognized in the magazine's tenth annual "Retail Stores of the Year" competition. Stores were judged on the basis of design concept, cost- effective use of materials, marketing strategy, and ease of shopping. The contest attracted entries from every field of retailing, which were judged by a panel of six experts in store design and construction.
 Leedmark includes 130,000 square feet of selling space, plus warehouses. Additional features include a concession area for outlets such as food court shops, electronics repair store, cash checking service, picture framing shop, and other service-oriented facilities.
 The store is located near the intersection of Routes 10 and 710 in Glen Burnie.
 -0- 2/15/93
 /CONTACT: Edward Segal of Edward Segal Communications, 202-333-7966, for Leedmark/


CO: Leedmark ST: Maryland IN: REA SU: PER

PS-TS -- NY008 -- 6498 02/15/93 09:28 EST
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Date:Feb 15, 1993
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