Facing Retail Upheaval, Earth Fare Begins Closing Its Stores

Facing challenges in the retail industry and unable to refinance its debt, supermarket chain Earth Fare Inc. has begun closing its roughly 50 stores, becoming at least the third U.S. grocer in recent weeks to seek a buyer or shut down.

The Asheville, N.C.-based natural and organic goods merchant, which has been backed by private equity firm Oak Hill Capital, said it is trying to sell its assets. But meanwhile it has alerted employees that it is closing its stores and is holding going-out-of-business sales.

Earthfare was a wonderful idea that provided a healthier choice, but where doomed from the start because bigger companies like Walmart and Publix kill competition. There biggest problem was that they charge too much money for food.

Supermarkets are a low margin business. Not all that surprising.

Who?

Earth fare ...save the planet by buying more manufactured, processed stuff? People are going to grower markets, farm gate or growing own, making own.

Never heard of them.

What is the problem ?

Earth fare ...save the planet by buying more mamufactured, processed stuff? People are going to grower markets, farm gate or growing own, making own.

It's a good sign, reason to say this is relocation of resources attribution for better income.

So the USA are doing so well under realDonaldTrump that the good people can’t afford to buy food.🤔🤔🤔🤔

Love EarthFare so much... so sad they are closing. I shop Earthfare for my family daily... they have the highest standards for ingredients, sourcing and variety!! The staff are tenured, friendly and knowledgeable. It is the very best supermarket! 😩 Please don’t close!!

Maybe Better Health Market could replace Earth fate. It’s identical in store format but a bit cheaper...

The Earth Fare in Columbus, Ohio closed a couple of years ago.

As fewer and fewer billionaires control the food supply...

OV_BABY

Proof that eating healthy is very important... unless it cost more. Knowing as soon as you left Earth Fare, you stopped by Wendys anyways!

oohooaogo aogaooo haa hhhoo oghahoahoo ohaa ohoaooaao hoohaooo ooho

So sad, I have been a long time Earth Fare shopper

My favorite grocery store, very upset about this smh

The Walgreens/CVS duopoly is likely to continue because they now own the PBMs - pharmacy benefits managers - which control which pharmacies you can use on your health plan.

ad Sorry to hear this...if you are an EarthFare associate please consider applying for work at InglesAdvantage If you are a customer... be sure and stop by our stores and check out our amazing selection of products.

They should try lowering their prices before closing.

Consolidation continues. How many retail pharmacies are left? Walgreens/CVS dominates despite their atrocious service nationwide.

Low margin business

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Apple store closings in China could delay 1 million iPhone sales, Wedbush saysApple's decision to temporarily shutter its stores in China as a result of the new coronavirus could delay up to 1 million iPhone sales but is unlikely to have a substantial impact on the company's revenue. You don't need a phone if you're dead. Close everything and let’s all ban China Yea, they also will save their staffs’ life without doubt since the extremely dangerous situation at the moment in China. Media which is only talking money ignoring people’s life is as evil as CCP
Source: CNBC - 🏆 12. / 72 Read more »