Business & Tech

Lincolnshire Fresh Market Will Close

Fresh Market announced Monday it would be closing 15 grocery stores across the U.S., including its Lincolnshire store.

LINCOLNSHIRE, IL – Lincolnshire's first supermarket will be closing. Fresh Market announced Monday it would close the grocery store located at the busy intersection of Route 22 and Milwaukee Avenue in Lincolsnhire as well as its store in Glen Ellyn. Besides the two Chicago-area stores, 13 more under-performing stores in Georgia, Indiana, Kentucky, North Carolina, New Hampshire, Tennessee, Virginia and Wisconsin will close, according to the Daily Herald.

"The village is extremely sad to learn about the planned closure of The Fresh Market in Lincolnshire," Village Manager Bradly J. Burke told the Daily Herald. "The Fresh Market is situated at a high-profile intersection at the northeast corner of Route 22 (Half Day Road) and Milwaukee Avenue. The development site was part of a tax increment financing (TIF) district, since expired."

Company officials said they decided to close the stores after finishing an organizational analysis, looking at its overall growth strategy and the long-term financial performance of the company, according to the article.

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A nearby Kildeer Fresh Market closed last year. The Lincolnshire Fresh Market has been opened for only five years.

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More via the Daily Herald

Photo caption: Lincolnshire Fresh Market/Photo credit: GoogleMaps

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