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Fresh & Easy has informed its 3,000 employees in advance of a wind-down and liquidation of the 97-store chain, industry sources told SN.
Fresh & Easy: The curtain finally closes?
The latest Fresh & Easy news speaks to an orderly wind-down and liquidation of what was once Tesco’s grand ambition to conquer U.S. food retailing.
The Fresh Market said the company and its board of directors would conduct a strategic and financial review of the business with an eye on “value-enhancing initiatives” including a recapitalization or a sale.
Haggen said it plans to begin going-out-of-business sales immediately at the 36 locations it has agreed to sell to Gelson's Markets and Smart & Final Stores.
Unions representing A&P employees said they made some progress convincing buyers of the bankrupt retailer’s stores to keep them employed, with some buyers agreeing to hire a minimum of 25% of their store’s workforce from the pool of displaced workers.
A Kroger store in Atlanta’s Brookhaven neighborhood caters to shoppers with an outsize produce section, fresh prepared foods, and other standout perishables departments.
Brookshire Grocery has told its employees that it was exploring strategic options including a potential sale, reports said, confirming sale speculation first raised in wire reports earlier this week.
Bi-Lo has introduced a new pricing investment providing lower everyday prices on more than 1,000 “known-value items.”
Supervalu said deflation triggered a challenging second quarter which missed analyst estimations for sales and profits.
Key Food Stores confirmed its successful acquisition of 23 stores in the A&P bankruptcy auction, and said it would operate two of the units under corporate oversight, a first for the member-owned cooperative.
New Seasons Market held grand opening ceremonies for its newest store in the Woodstock Boulevard business district in Portland, Ore. The 18,000-square-foot store features a year-round rooftop seating area overlooking the neighborhood.
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