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.

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.



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