Grocery chain Bashas' files for Chapter 11 reorganization, will close 10 AZ stores

Stung by the national credit crisis & slowing growth in AZ, Bashas' grocery chain said it filed for Chapter 11 protection in Bankruptcy Court. Chandler-based Bashas', made the filing. Execs said they intend to keep AZ's largest privately held grocer in business but announced plans to close 10 stores July 21 & shed 1,000 jobs. "The current population cannot fully support the overabundance of stores in what