Economy

Earth Fare closing stores including 2 in Palm Beach County

Earth Fare closing stores including 2 in Palm Beach County”

Earth Fare, the Asheville-based natural and organic supermarket, is closing all 50 of its locations, including six in SC, the company announced Monday, Feb. 3.

The Asheville, North Carolina-based chain has two stores in Alabama: Huntsville and Auburn. In addition to the three in Northeast Ohio, there were stories in Fort Wayne, Indiana, and Kalamazoo, Michigan.

Earth Fare is backed by the private equity firm Oak Hill Capital. "As such, we have made the hard, but necessary decision to commence inventory liquidation sales while we continue to engage in a process to find potential suitors for our stores", Earth Fare also said in the release.

Inventory liquidation sales are beginning at Earth Fare, which also said store fixtures would be available for purchase.

An employee at the Earth Fare location in Johnson City said he couldn't make a statement on the closure. According to the Asheville Citizen-Times, Earth Fare has at least 2,500 employees. It will attempt to find a buyer for its locations and other company assets.

More news: No. 17 Auburn tops No. 13 Kentucky behind Doughty’s 23 points

The company will begin selling a variety of merchandise with significant price reductions as part of the inventory liquidation process.

"We encourage shoppers to visit their nearby location now and take advantage of these savings before it's too late", the release states.

WGB previously reported that Earth Fare was seeking to sell itself, and it had recently closed a pocket of stores.

The closure comes as a new Publix at the corner of West Market Street and State of Franklin Road inches closer to fruition. For years, the company differentiated itself behind high ingredient standards and what it called a "boot list" of ingredients and formulations not available in stores.



Like this

loading...
loading...

Latest


04 February 2020
Boris Johnson, Michel Barnier talk tough on trade
If the combative exchanges on Monday are any indication, those discussions will be hard fought and acrimonious. The next 11 months are likely to see intense negotiations on every aspect of the separation deal.

04 February 2020
College basketball: Stanford ends skid, upsets No. 11 Oregon
Stanford (16-5, 5-3 Pac-12) trailed 44-35 with 14 1/2 minutes left, then held the Ducks without a basket for the next 10 minutes. A silver liner to get your Cardinal has been that the drama of forwards Oscar da Silva , that had 22 points along to 8 rebounds.

04 February 2020
Justin Bieber on His Drug Abuse, Mental Illness & Lyme Disease Battle
He added: 'I started valuing the wrong things in this business because there were things dangling in front of me. In the video, the massively popular singer revealed that he first smoked marijuana in his back yard.

04 February 2020
Rockets shopping center Clint Capela to host of East teams
At that time the Rockets were said to be unlikely to move Capela barring an overwhelming offer. Don't miss NBC Sports Boston's coverage of the National Basketball Association trade deadline.

04 February 2020
Canadians returning from coronavirus epicentre to be quarantined at CFB Trenton
The Canadian government has chartered a plane but does not yet have permission for it to land in China, he told a news conference. Flanked by Health Minister Patty Hajdu, Minister of National Defence Harjit Sajjan and Chief Public Health Officer Dr.

04 February 2020
Court Issues Warrant Of Arrest For Zuma
Downer said the sick note provided by the Zuma's defence team raised more questions than answers "and proves nothing". The prosecutor in the trial, Billy Downer, said the hospital document was mere "hearsay" that proved nothing.

04 February 2020
Hong Kong reports first death from new coronavirus infection
Sources from the OPEC oil cartel said producers were considering cutting output by nearly a third to support prices. China has also stopped issuing visas for individual travelers to Hong Kong along with transportation closures.

04 February 2020
China oil demand has plunged 20% because of the virus lockdown
Representatives of OPEC and its allies are expected to meet this week as calls grow for action to support oil prices. The impact in China has been more pronounced, reducing demand by around 1 million bpd, he added.

04 February 2020
Jessica Simpson 'went back' to John Mayer relationship 'nine times'
The "With You" singer, 39, who is now promoting her memoir Open Book , reflected on her four-year relationship in a preview clip for her US TODAY Show interview.

04 February 2020
Pysyk scores 3 times as Panthers beat Maple Leafs 5-3
He was replaced by backup Michael Hutchinson , who allowed three goals on 13 shots, to start the second with Florida up 1-0. Quenneville added that the MRI came back "all good", but Barkov's status for Tuesday's game in Columbus is not known.