Photo by TenPoundHammer – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=66924266
Story by: https://www.andnowuknow.com/buyside-news/luckys-market-restrategizes-shuttering-all-one-florida-store-distribution-jason-rief/melissa-de-leon/66508
BOULDER, CO – It is no secret that the grocery market is increasingly competitive, making square-footage more and more challenging to win. Florida is perhaps one of the most dynamic of these spaces, and a regional favorite is bowing out.
Lucky’s Market has announced that it is closing 20 of its 21 stores in the state by February 12 and discontinuing 14 new stores that were in process, as well as shuttering a relatively new regional distribution center in Orlando. “We’re obviously saddened by the news. It’s a great concept; people loved the concept,” Jason Rief, Regional Store Director, told the South Florida SunSentinel. Rief was interviewed at Lucky’s Coral Springs store and said he worked for the company for four years and supervised openings of the three Broward County stores. “I have a pretty deep connection with the team members here and the community as well. I hired a lot of them and saw them grow. This is very sad for us.”
A spokesperson at the retailer’s headquarters in Boulder, Colorado, has not yet responded to the news source’s request for comment.
Lucky’s slogan, “Organic for the 99 percent,” is well-known and indicative of its strong following, one garnered not just with its farmer’s market-style fresh produce displays and interactive samples, but also mid-priced juices and prepared foods, meat, seafood, and a generous offering of health products and locally sourced packaged goods.
The news of Lucky’s all but exiting the region prompted a public reaction of sadness and frustration, with many Twitter posts showcasing love for the banner as it prepares to streamline its presence. Currently Lucky’s spans 10 states with 39 stores, including seven in its home state of Colorado. While the SunSentinel reported that there are stores in these other states that will be closing as well, how many and which ones remains unknown.
As with many business moves, it cannot yet be known what pulling back may mean for the banner’s future. If there is anything this news and its response has confirmed, though, it is that there is demand for what the chain has to offer.
The following is found at: https://en.wikipedia.org/wiki/Lucky’s_Market:
On January 21, 2020, Lucky’s Market announced that they were closing 20 of their 21 locations in Florida, leaving only the store in West Melbourne. Liquidation sales began the next day, January 22, and continued to February 12. No announcement was made concerning the fate of the 14 stores in Florida that were under construction at the time of the announcement. A store that was planned for opening in Spring 2021 in Denver, Colorado, was cancelled the same day. Further sources indicate that there are plans to close as many as 32 stores in ten states, leaving the chain with only 7 stores remaining. At the time of the closing announcement, Lucky’s had stores in Colorado, Florida, Georgia, Indiana, Kentucky, Michigan, Missouri, Montana, Ohio and Wyoming. The nationwide store closings would represent the company’s complete withdrawal from the states of Georgia, Indiana, Kentucky, and Montana.
1. Hurtibise, Ron (January 21, 2020). “Lucky’s Market closing all but one Florida store”. The Sun Sentinel. Retrieved January 21, 2020.
2. Ritter, Cassidy (January 21, 2020). “Lucky’s Market nixes first planned Denver location”. BusinessDen.
3. Goldschmidt, Bridget (January 21, 2020). “Lucky’s Closing 32 Stores, Laying Off Associates”. Progressive Grocer. Retrieved January 21, 2020.
4. Tyko, Kelly (January 21, 2020). “Lucky’s Market reportedly closing the majority of its stores, including 20 Florida locations”. USA Today.
5. “Lucky’s Market in Savannah closing”. WTOC-TV. January 21, 2020.
6. Hogan, Jeremy (January 21, 2020). “Bloomington Lucky’s Market to close permanently”. The Bloomingtonian.
7. “Lucky’s Market closing its only Louisville location”. WLKY. January 21, 2020.
8. Erickson, David (January 21, 2020). “Missoula Lucky’s Market to close”. Missoulian.
USA Today reports that the following seven stores announced on their Facebook pages that they are staying open.
Fort Collins, Colorado
North Boulder, Colorado
West Melbourne, Florida
Traverse City, Michigan