Tuesday, July 10, 2018

The Fresh Market Closing 15 Stores In Nine States, including Bedford, NH

The Shelby Report
The Fresh Market Inc. announced that it plans to close 15 stores in Georgia, Illinois, Indiana, Kentucky, North Carolina, New Hampshire, Tennessee, Virginia and Wisconsin. This decision was made following the completion of an organizational analysis and careful consideration of the overall growth strategy and long-term financial performance of the company, the Greensboro, North Carolina-based specialty grocer said, adding, “We do not expect any further store closures in the foreseeable future.”

CEO Larry Appel noted that the company has been in the midst of a “turnaround plan” for the past eight months. . . . more