Earth Fare closing all grocery stores
Earth Fare, the specialty natural and organic grocery store, is closing all of its stores according to an announcement by the company on Monday, Feb. 3. Inventory liquidation sales with significant price reductions have already started.Posted — Updated
Earth Fare, the specialty natural and organic grocery store, is closing all of its stores according to an announcement by the company on Monday, Feb. 3. They will begin inventory liquidation sales very soon and will continue to pursue a sale of assets, in whole or in parts.
According to the company, all employees have been notified of the upcoming closure of the company's stores and corporate office.
Earth Fare has implemented various strategic initiatives aimed at growth and expansion in the last few years.
"While many of these initiatives improved the business, continued challenges in the retail industry impeded the company's progress as well as its ability to refinance its debt. As a result, Earth Fare is not in a financial position to continue to operate on a go-forward basis. As such, we have made the difficult, but necessary decision to commence inventory liquidation sales while we continue to engage in a process to find potential suitors for our stores," said Earth Fare.
The Asheville, North Carolina based company was founded in 1975 and has more than 40 locations across 10 states in the Southeast, mid-Atlantic, and Midwest.
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