Print
Retail

Earth Fare Shares Layoff Numbers, Additional Closure Details

By Cece Nunn, posted Feb 17, 2020
Earth Fare is closing all of its stores by around March 2, according to a notification provided to the state of North Carolina. (Photo by Vicky Janowski)
A layouff count filed with the state by soon-to-close organic grocer Earth Fare shows nearly 800 layoffs at eight stores, not including Wilmington.

The stores listed in the Worker Adjustment and Retraining Notification (WARN) released by the state Monday are in Asheville and Fletcher, as well as five in Florida and one in Virginia.

While only eight stores were listed in the notification, the company has announced that it is closing all of its stores, which total about 50 in 10 states with an employee total of about 3,000. 

The Wilmington store of the Asheville-based chain opened a little over a year ago at Renaissance Market, 943 Military Cutoff Road.

A letter from Earth Fare to representatives in the communities of the listed stores states, "As some of you may know, Earth Fare has been engaged in negotiations for refinancing of the company's bank loan obligations, as well as the sale of the company to a buyer which would have allowed its operations to continue.

"We were recently informed, however, that the buyer has unexpectedly withdrawn from the sale process. Additional financing we were trying to obtain fell through at the same time that the buyer withdrew from the sale process. Additionally, the company's largest supplier discontinued shipments of products to the company. . . "

The letter does not mention the name of the potential buyer.

It also says "We anticipate that Earth Fare will be closing its stores and facilities during the fourteen day period commencing on or about February 17, 2020, until March 2, 2020. All employees will be terminated during that same time period, although their employment termination date may be subject to change."

By federal law, employers are required to give 60 days' advance notice of certain plant closings and mass layoffs. Businesses that employ at least 100 workers, excluding part-time workers, are required to file a WARN notice under certain conditions.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Burrus rob headshot 300x300

Spreading Wings for Flight: 2nd Annual Trade Show Highlights the Ingenuity of UNCW Business Students

Robert Burrus - Cameron School of Business - UNC-Wilmington
Jasonpathfinder3

What You Need to Know About SECURE 2.0 and Its Effect on Retirement Plans

Jason Wheeler - Pathfinder Wealth Consulting
Unknown 7112393341

Why Feasibility is Paramount to Success

Holly Segur - Lead Intuitively – Corporate Coaching

Trending News

Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route

Emma Dill - Apr 22, 2024

Severe Weather Postpones Trump Rally In Wilmington

Emma Dill - Apr 20, 2024

Will NC Be CNBC's Three-time Top State For Business?

Audrey Elsberry - Apr 22, 2024

In The Current Issue

MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...


With Coffee And Cocktails, Owners Mix It Up

Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...


Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season