Latest NewsLiquor Stores N.A. Strengthens Senior Management Team Advances Key Initiative in Company's Seven-Point Plan to Enhance Long-Term Profitability EDMONTON, ALBERTA--(Marketwired - March 20, 2014) - Liquor Stores N.A. Ltd. (the "Company" or "Liquor Stores") (TSX:LIQ), North America's largest publicly traded liquor retailer, today announced important additions to its senior management team. As reported on March 6, 2014, Liquor Stores has initiated a seven-point plan (the "Plan"), designed to build on the Company's strong operating platform and drive long-term growth in profitability. Enhancing the senior leadership team was highlighted as a key element of the Plan. In fulfillment of that commitment, the Company today announced the addition of four Senior Vice Presidents, each of whom brings highly specialized U.S. retail expertise to the Company. To support the new U.S. based management team members in advancing their mandates, Liquor Stores is consolidating its U.S. support operations, currently located in Lexington, Kentucky and Anchorage, Alaska, into a new office in Louisville, Kentucky. •Erika Cobb joined Liquor Stores as Senior Vice President, Information Technology, with a mandate to rebuild and lead the turnaround of the Company's IT department, including setting the IT vision, cutting edge and forward thinking strategies. Erika was most recently with Save-A-Lot Foods, a subsidiary of SuperValu Inc., where she served as Vice President, Information Technology. In that role, she was responsible for the technology planning, implementation and support for 1300 stores, 17 distribution centres and the corporate office. She led a team of 100 solution design/developers, retail support staff, quality assurance and business intelligence analysts, in servicing more than four million customers weekly. •Jason Fremstad has been appointed Senior Vice President, General Merchandise Management, with responsibility for leading the Company's merchandising strategy including buying, pricing, product placement and promotion. Jason joins Liquor Stores with a wealth of industry knowledge gained as Director, Wine and Spirits at Wal-Mart. His experience with Wal-Mart also included roles as Senior Wine Buyer and Buyer at Sam's Club. Prior to joining Wal-Mart, Jason held several progressive positions within the restaurant industry where he was responsible for the development of several wine and spirits programs. Jason was honoured with the 2013 Market Watch Leaders Award in Wine and Spirits. •Lieske Renz joined the Company as Senior Vice President, Human Resources. Her mandate is to provide leadership and coordination of company-wide Human Resources functions and develop and implement corporate Human Resources strategy and programs. Lieske was most recently with YUM Restaurants International (YRI) where she served as Senior Director, Human Resources. YRI manages KFC, Pizza Hut and Taco Bell in 123 countries via 20 business units comprised of both franchise and corporate ownership models, representing more than 14,000 restaurants and 350,000 employees. Prior to joining YUM, Lieske held several progressive positions for Swissôtel Management Corporation, Sheraton Premiere, and the Ritz Carlton. •Steve Rop has been appointed Senior Vice President, Supply Chain, Logistics and Planning, with the responsibility to review and refine the Company's logistics, supply chain as well as planning infrastructure. Steve joins Liquor Stores from Liquidity Services Inc. (LSI), where he most recently served as Vice President, Client Services and Business Development. In that role, Steve was responsible for designing, implementing and managing transformative supply chain and operational improvement solutions for Fortune 500 companies. Prior to joining LSI, Steve gained valuable industry experience as Director of Global Supply Chain for Total Wine and More. "A strong company and corporate culture begins with the right leadership team, and I am delighted to welcome Erika, Jason, Lieske and Steve to Liquor Stores," said Stephen Bebis, President and CEO of the Company. "With a wealth of experience in sophisticated and complex U.S. retail business environments, including some direct experience in liquor retailing, their expertise will be critical in advancing the remaining initiatives in our seven-point plan. Working out of our new U.S. offices in Louisville, and from our corporate headquarters in Edmonton, they will lead the implementation of refined business processes, systems and strategies to optimize and scale Liquor Stores' existing platform and support the future growth of our enterprise in our existing markets and new markets, primarily in the United States." ABOUT LIQUOR STORES N.A. LTD. The Company operates 245 retail liquor stores in Alberta, British Columbia, Alaska and Kentucky. Liquor Stores' retail brands include: Liquor Depot, Liquor Barn, and Wine and Beyond in Alberta (175 stores); Liquor Depot and Liquor Barn in British Columbia (36 stores); Brown Jug in Alaska (22 stores); and Liquor Barn "The Ultimate Party Source" and Liquor Barn Express in Kentucky (12 stores). The Company's common shares and convertible subordinated debentures trade on the Toronto Stock Exchange under the symbols "LIQ" and "LIQ.DB.A", respectively. Additional information about Liquor Stores N.A. Ltd. is available at www.sedar.com and the Company's website at www.liquorstoresna.com.