Haggen plans broad retreat from costly expansion, filing shows

Haggen plans to surrender most of the territory it acquired in its ambitious bid to become a West Coast grocery powerhouse, judging by financial projections it made in bankruptcy court that paint the Bellingham grocer shrinking to one third of its current size by early November. In a budget forecast filed in court, Haggen projects that weekly sales averaging $44.7 million in the next two months will fall by two thirds in mid-November.

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