CHARLOTTE, N.C. (Danielle Chemtob/The Charlotte Observer) - North Carolina-based specialty grocer Earth Fare is closing all of its stores, the company said Monday, a move that impacts seven Charlotte-area locations and a total of 13 in North Carolina.
The Asheville company cited challenges in the retail industry in a press release announcing the closure. The organic and natural foods grocery chain said it will start discounting its inventory in all of its stores.
The Wall Street Journal first reported the news.
The move comes amid the highly competitive grocery store competition in the Charlotte area.
Earth Fare has two locations in South Charlotte and one in Steele Creek, as well as in Huntersville, Concord, Fort Mill, S.C., and Rock Hill. It has 13 North Carolina stores, according to the Earth Fare website, including in Raleigh and Morrisville.
The closure stands in contrast to the growth plans CEO Frank Scorpiniti detailed in an interview with the Observer last year when the chain opened the Steele Creek location.
At the time, he said the firm expected to open another 50 locations across the U.S. in the next five years.