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The Fresh Market Closes 13 Stores, Moves out of Texas, Kansas, Iowa, and Missouri

The Fresh Market Closes 13 Stores, Moves out of Texas, Kansas, Iowa, and Missouri

Wednesday, May 4th, 2016

With the close of 13 stores, The Fresh Market is exiting four different state markets.

The retailer announced yesterday to employees that it was closing all eight of its Texas stores, both Kansas and Iowa stores, and its only Missouri location.

Rick Anicetti, CEO, The Fresh Market

“The decision to close these stores is a difficult but necessary step with the end goal of producing a stronger, more agile company,” Rick Anicetti, The Fresh Market’s CEO, said in a statement, according to the Dallas Morning News. “This shift also allows us to focus our energy and resources on the growth of our remaining stores, as well as new stores we have planned in the future.”

The stores in question were closed Tuesday, May 3rd, and reopened with discounted grocery prices yesterday.

It’s only two months now since The Fresh Market exited California, shortly before agreeing to be acquired by the Apollo Global for approximately $1.36 billion. The retailer did not, however, release any information that the purchase is involved with the closures.

Senior Vice President Karen Stout wrote in a letter to employees that the doors will close permanently on May 18th, with affected workers being paid for 30 days past the close.

To keep in touch with what’s going on in the retail circuit, continue to check in with DeliMarket News.

The Fresh Market