Economy

The Fresh Market Announces It Will Close 15 Stores

By Bethany Chafin

Published July 10, 2018 at 3:56 PM EDT

A Greensboro-based grocery chain, The Fresh Market, has announced it will close 15 stores around the country, including one in North Carolina.

That location is in North Charlotte. The majority, though, will be in Illinois where four stores are affected.

In a statement, the company says this comes after an analysis of overall growth strategy and long-term financial performance.

According to CEO Larry Appel, the locations impacted are "long-term, underperforming stores."

Closures are expected to take place in two to four weeks.

The Fresh Market was bought in 2016 by Apollo Global Management and shortly after that, revealed an updated logo and new products.

The supermarket chain currently operates over 170 stores.

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Bethany Chafin

Bethany is WFDD's editorial director. She joined the staff in the fall of 2012. She received her B.A. and M.A. in English Literature from Wake Forest University. Between undergraduate studies and graduate school, Bethany served as the intern to Talk of the Nation at NPR in D.C., participating in live NPR Election Night Coverage, Presidential debate broadcasts, regular Talk of the Nation shows, and helping to plan the inaugural broadcast of ‘Talk of the World.' She enjoys engaging with her interests in books, politics, and art in the interdisciplinary world of public radio. Before becoming editorial director, Bethany was assistant news Director, a reporter and associate producer for WFDD's Triad Arts and Triad Arts Weekend. Originally from Jacksonville, Florida, Bethany enjoys calling the Piedmont home.

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The Fresh Market Announces It Will Close 15 Stores

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