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The Fresh Market shuttering 15 stores

The Fresh Market Inc. recently announced that it plans to close 15 stores in Georgia, Illinois, Indiana, Kentucky, North Carolina New Hampshire, Tennessee, Virginia and Wisconsin. The company said does not expect any further store closures in the foreseeable future.freshmarket

The Fresh Market said the decision was made following the completion of an organizational analysis and careful consideration of the overall growth strategy and long-term financial performance of the company.

“Over the last eight months, our company has been executing a turnaround plan and we’ve seen great progress.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.We will work to relocate as many impacted employees as possible to other stores within our footprint,” said Larry Appel, chief executive officer.

“Looking ahead, I am confident this move will better position The Fresh Market and enable us to continue delivering our great-tasting meals, signature products and an incredible shopping experience,” he said.