Marsh To Close Arthur's Market
July 28, 2016 at 4:25 p.m.
FISHERS - Marsh Supermarkets Inc. announced it will close its two Arthur's Fresh Markets stores, one of which is in Syracuse, along with 14 other stores in Indiana and Ohio, by Thanksgiving.
The other Arthur's Fresh Market store is in New Palestine.
The seven LoBill Foods stores being closed are in Richmond, Greencastle, Danville, three in Indianapolis and Greenville, Ohio. The four closing Village Pantries are in Muncie (two), Kokomo and Chesterfield. Two O'Malia's Food Markets in Indianapolis will close, as well as a Marsh store in Winchester.
The specific date Arthur's in Syracuse will close will be determined based on the results of close-out sales to reduce existing stock prior to Thanksgiving. Marsh officials are working on detailed plans for merchandise mark-downs this weekend.
All employees of Arthur's have been offered transfers or severance packages.
Business at the Marsh Supermarket in Warsaw is solid. Connie Gardner, senior director of community relations with Marsh, said, "The Warsaw Marsh has an exceptional management team and exceptional employees. It's a great store."
In its news release about the closing stores, the company said, "After extensive review, it was determined these stores did not meet our business requirements regarding sales, location and/or future growth potential." Marsh also said it would cut jobs at its headquarters in Fishers, without disclosing how many.
Marsh said it was seeking buyers or tenants for the stores that are closing. After the closures, the company will operate 66 Marsh Supermarkets, 24 LoBills, four O'Malia's and 144 Village Pantries.
Marsh shareholders last month approved the company's nearly $88 million sale to investment fund MSH Supermarkets Holding Corp., an affiliate of the private investment fund Sun Capital Partners Inc. of Boca Raton, Fla. [[In-content Ad]]
FISHERS - Marsh Supermarkets Inc. announced it will close its two Arthur's Fresh Markets stores, one of which is in Syracuse, along with 14 other stores in Indiana and Ohio, by Thanksgiving.
The other Arthur's Fresh Market store is in New Palestine.
The seven LoBill Foods stores being closed are in Richmond, Greencastle, Danville, three in Indianapolis and Greenville, Ohio. The four closing Village Pantries are in Muncie (two), Kokomo and Chesterfield. Two O'Malia's Food Markets in Indianapolis will close, as well as a Marsh store in Winchester.
The specific date Arthur's in Syracuse will close will be determined based on the results of close-out sales to reduce existing stock prior to Thanksgiving. Marsh officials are working on detailed plans for merchandise mark-downs this weekend.
All employees of Arthur's have been offered transfers or severance packages.
Business at the Marsh Supermarket in Warsaw is solid. Connie Gardner, senior director of community relations with Marsh, said, "The Warsaw Marsh has an exceptional management team and exceptional employees. It's a great store."
In its news release about the closing stores, the company said, "After extensive review, it was determined these stores did not meet our business requirements regarding sales, location and/or future growth potential." Marsh also said it would cut jobs at its headquarters in Fishers, without disclosing how many.
Marsh said it was seeking buyers or tenants for the stores that are closing. After the closures, the company will operate 66 Marsh Supermarkets, 24 LoBills, four O'Malia's and 144 Village Pantries.
Marsh shareholders last month approved the company's nearly $88 million sale to investment fund MSH Supermarkets Holding Corp., an affiliate of the private investment fund Sun Capital Partners Inc. of Boca Raton, Fla. [[In-content Ad]]