Schultz Sav-O Stores, Inc. (Nasdaq:SAVO) announced today that James H. Dickelman is retiring from his operational duties effective December 8, 2000. Mr. Dickelman served the Company for twenty-six and one half years, the past fourteen years as President and CEO, and the last twelve as Chairman of the Board. He will assist the new management team until January 5, 2001 to ensure a smooth transition. He will continue to serve the Company as a director through his current term, which expires in May 2001, and as a consultant.