Asheville, NC based organic grocery market, Earth Fare, has announced that they will be closing its 50 stores across the U.S. The full-service supermarket announced that it will begin inventory liquidation sales at all of its stores.
"Earth Fare has been proud to serve the natural and organic grocery market, and the decision to begin the process of closing our stores was not entered into lightly. We'd like to thank our Team Members for their commitment and dedication to serving our customers, and our vendors and suppliers for their partnership..." said Earth Fare.
Earth Fare has implemented some changes over the past few years in hopes of enhancing the customer's experience through various strategic initiatives aimed at growth and expansion, however they have not been successful in saving the overall business model.
"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..." added Earth Fare.
Merchandise will be reduced significantly due to the inventory liquidation sales, check out the South Windermere Center location for discounted groceries!