North Carolina-based The Fresh Market announced July 9 that it planned to close 15 stores, which includes some of its locations in Indiana and Illinois.
The affected stores are in Georgia, Illinois, Indiana, Kentucky, North Carolina, New Hampshire, Tennessee, Virginia and Wisconsin. Fresh Market is closing its Fishers location outside Indianapolis; the company will still operate four Indiana locations including Indianapolis, Fort Wayne, Evansville, and Carmel.
The company is closing its Illinois locations in Peoria, Normal, Glen Ellyn and Lincolnshire.
The company, which had 159 locations prior to the closure announcement, said the stores targeted for closure followed an internal analysis examining its overall growth strategy and long-term financial performance. The company does not expect any additional closures.
“Over the last eight months, our company has been executing a turnaround plan and we’ve seen great progress,” the company said. “However, for a variety of reasons unique to each retail location, that progress is not evenly distributed and, as a result, we have decided to close these long-term, underperforming stores.”
The company said it will work to relocate as many impacted employees as possible to other nearby stores.
Latest posts by Larry Avila (see all)
- New manager named for Gary branch of Teachers Credit Union - February 15, 2019
- Franciscan Health lands sponsors for community hall, cafe at new Michigan City hospital - February 15, 2019
- Centier Bank names greater Indianapolis market president - February 14, 2019