Three regional grocers declared bankruptcy in the last week – Earth Fare, Lucky’s Market and Fairway. Here’s why this turmoil will likely spread to the big national chains.
Earth Fare announced it will liquidate merchandise in all of its 50 stores. Lucky’s Market, which has 39 stores, said it will close 30 and sell the rest. Fairway, which has 14 stores, announced it will sell five immediately and negotiate to sell the remaining stores.