Earth Fare, an Asheville-based supermarket that opened its doors in 1975, announced Monday that it will be closing all 50 of its stores including one each in High Point and Greensboro.
The company said all employees have been notified of the impending closure of the company’s stores and corporate office.
“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,” the company said in a Feb. 3 2020 press release. “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.”
One of the reasons for its closure were cited as financial stress.
“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,” the release states. “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.”
According to reports, the company began selling off its inventory today and expects to close all the stores by the end of February. The company operates 13 stores in North Carolina with roughly 900 employees.
Earth Fare encouraged shoppers to take advantage of sales at nearby locations.