Special to the Opelika Observer
Earth Fare, am authentic specialty natural and organic grocery store and full-service supermarket, announced earlier this week that it will begin inventory liquidation sales at all of its stores. Pursuant to the Worker Adjustment and Retraining Notification Act (WARN), all employees have been notified of the impending closure of the company’s stores and corporate office. During this time, the company will continue to pursue a sale of assets, in whole or in parts.
“Earth Fare has been proud to serve the natural and organic grocery market, and the
decision to begin the process of closing our stores was not entered into lightly. We’d like to thank our Team Members for their commitment and dedication to serving our
customers, and our vendors and suppliers for their partnership,” Earth Fare representatives said in a statement.
During the last few years, the company has implemented numerous
strategic initiatives aimed at growth and expansion and enhancing the customer
experience.
“While many of these initiatives improved the business, continued challenges in the
retail industry impeded the company’s progress as well as its ability to refinance its
debt. As a result, Earth Fare is not in a financial position to continue to operate on a go-forward basis. As such, we have made the difficult, but necessary decision to
commence inventory liquidation sales while we continue to engage in a process to find
potential suitors for our stores.”
The inventory liquidation sales will feature a truly outstanding assortment of
merchandise at significant price reductions. Company representatives encourage shoppers to visit their nearby location now and take advantage of these savings before it’s too late. Store fixtures are also available for sale as part of this process.
About Earth Fare
Based in Asheville, North Carolina, Earth Fare has long served the natural and organic
grocery market. Their full-service philosophy incorporates the highest food quality
standards in the industry with compelling value, friendly and knowledgeable service,
and superior shopping experience. For more information, visit www.earthfare.com.