Dean & DeLuca, the forty-year-old, high-end grocery chain favored by Manhattan’s monied set, is facing some serious problems. As it struggles to stay afloat, several of its stores have quietly shuttered. In 2018 alone, the retailer backed out of three leases in Manhattan, folded on plans to expand its Washington store, and closed all four of its Charlotte, North Carolina, locations before closing its locations in Maryland and Kansas.
And it would seem that 2019 has not been kinder to Dean & DeLuca. Business Times reported that two of the store’s flagship operations in Manhattan, New York, and St. Helena, California, shut down just this June.
The New York Post reported last year that the retailer also failed to pay back landlords and vendors, putting it in hot water with several of its suppliers.
What does this mean for other specialty grocers? Are they too in similar dire straits? Deli Market News will continue to report the latest in the specialty food grocery sector.