Natural Grocers® Announces the Closure of Tucson-Area Store at Broadway and Kolb
Natural Grocers announced the closure of its Tucson store at Broadway Boulevard and Kolb Road on December 11, 2024. Starting December 3, the store will offer closing sales with 25% discounts on dairy, frozen, grocery, and produce items, and 10% off other products. The decision comes due to lease expiration, operational challenges, market saturation, and required capital improvements. The company will work with affected employees to provide transfer opportunities or transition packages. Three other Natural Grocers locations in Tucson will remain operational at River Road, Broadway and Country Club, and Oracle and Orange Grove.
Natural Grocers ha annunciato la chiusura del suo negozio a Tucson, situato tra Broadway Boulevard e Kolb Road, il 11 dicembre 2024. A partire dal 3 dicembre, il negozio offrirà vendite di chiusura con sconti del 25% su prodotti lattiero-caseari, surgelati, alimentari e frutta e verdura, e il 10% di sconto su altri articoli. Questa decisione è dovuta alla scadenza del contratto di affitto, a sfide operative, alla saturazione del mercato e ai miglioramenti di capitale necessari. L'azienda lavorerà con i dipendenti interessati per offrire opportunità di trasferimento o pacchetti di transizione. Altri tre negozi Natural Grocers a Tucson rimarranno operativi in River Road, Broadway e Country Club, e Oracle e Orange Grove.
Natural Grocers anunció el cierre de su tienda en Tucson, ubicada en Broadway Boulevard y Kolb Road, el 11 de diciembre de 2024. A partir del 3 de diciembre, la tienda ofrecerá ventas de liquidación con descuentos del 25% en productos lácteos, congelados, de abarrotes y frutas y verduras, y un 10% de descuento en otros productos. La decisión se debe a la expiración del contrato de arrendamiento, a desafíos operativos, a la saturación del mercado y a las mejoras de capital necesarias. La empresa trabajará con los empleados afectados para proporcionar oportunidades de traslado o paquetes de transición. Otros tres locales de Natural Grocers en Tucson seguirán operando en River Road, Broadway y Country Club, y Oracle y Orange Grove.
내추럴 그로서스는 2024년 12월 11일에 브로드웨이 블러바드와 콜브 로드에 위치한 투손 매장을 닫을 것이라고 발표했습니다. 12월 3일부터 매장은 25% 할인된 유제품, 냉동식품, 식료품 및 농산물에 대한 종료 세일을 시작하며, 기타 제품은 10% 할인됩니다. 이 결정은 임대 계약 만료, 운영상의 문제, 시장 포화 및 필요한 자본 개선 때문입니다. 회사는 영향을 받는 종업원들과 협력하여 전환 기회나 전환 패키지를 제공할 것입니다. 투손 내 다른 세 곳의 내추럴 그로서스 매장은 리버 로드, 브로드웨이 및 카운트리 클럽, 오라클 및 오렌지 그로브에 위치하여 계속 운영됩니다.
Natural Grocers a annoncé la fermeture de son magasin à Tucson, situé à l'intersection de Broadway Boulevard et Kolb Road, le 11 décembre 2024. À partir du 3 décembre, le magasin proposera des ventes de liquidation avec des remises de 25% sur les produits laitiers, congelés, d'épicerie et de fruits et légumes, et 10% de réduction sur d'autres produits. Cette décision est due à l'expiration du bail, à des défis opérationnels, à la saturation du marché et aux améliorations de capital nécessaires. L'entreprise travaillera avec les employés concernés pour offrir des opportunités de transfert ou des packages de transition. Trois autres emplacements de Natural Grocers à Tucson resteront ouverts à River Road, Broadway et Country Club, ainsi qu'à Oracle et Orange Grove.
Natural Grocers gab bekannt, dass das Geschäft in Tucson an der Kreuzung von Broadway Boulevard und Kolb Road am 11. Dezember 2024 geschlossen wird. Ab dem 3. Dezember bietet das Geschäft Abschlussverkäufe mit 25% Rabatt auf Milchprodukte, Tiefkühlwaren, Lebensmittel und Obst- und Gemüse sowie 10% Rabatt auf andere Produkte an. Die Entscheidung erfolgt aufgrund des Ablaufs des Mietvertrags, betrieblicher Herausforderungen, Marktsättigung und notwendiger Investitionen. Das Unternehmen wird mit den betroffenen Mitarbeitern zusammenarbeiten, um Transfermöglichkeiten oder Abfindungspakete anzubieten. Drei weitere Standorte von Natural Grocers in Tucson bleiben in River Road, Broadway und Country Club sowie Oracle und Orange Grove geöffnet.
- Strategic consolidation to enhance operating efficiencies in the Tucson market
- Avoiding future capital improvement costs by closing underperforming location
- Loss of revenue stream from store closure
- Additional expenses for employee severance and transition packages
- Market saturation issues in Tucson area indicating potential growth limitations
Insights
The closure of Natural Grocers' Broadway and Kolb location in Tucson represents a strategic optimization of the company's retail footprint. With three other stores remaining in the Tucson market, this consolidation aims to improve operational efficiency and reduce capital expenditure requirements. The decision appears financially prudent given the market saturation and pending lease expiration, avoiding future renovation costs.
The 25% discount on perishables and 10% discount on other items during the liquidation sale will impact Q4 margins, but the long-term benefit of eliminating an underperforming location should strengthen overall market performance. The company's approach to employee transition, offering transfer opportunities and severance packages, demonstrates responsible management of restructuring costs while maintaining workforce stability.
The
Kemper Isely, Natural Grocers Co-President stated, "With the pending expiration of the lease for this location, we made the strategic decision to close the Broadway and Kolb store to enhance operating efficiencies and store performance across the
He continued, "We are grateful for the loyalty and support of our customers in this area over the years. While this move supports the long-term strength of our business, our priority remains on working with our good4uSM Crew members during this transition and continuing to serve the
The Company is working closely with each of its valued good4u Crew members who will be affected by this closure to identify potential transfer opportunities or a transition package, including severance and health benefits.
NATURAL GROCERS' NEIGHBORING LOCATIONS
After the Broadway and Kolb location closes on December 11, 2024, Natural Grocers welcomes customers to shop at its nearby neighboring locations:
Learn more about Natural Grocers at www.naturalgrocers.com. Please direct media inquiries to kmacarelli@naturalgrocers.com.
ABOUT NATURAL GROCERS BY VITAMIN COTTAGE
Founded in 1955, Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care products, and dietary supplements. The products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial colors, flavors, preservatives or sweeteners, or partially hydrogenated or hydrogenated oils. The Company sells only USDA-certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, clean, and convenient retail environment. The Company also provides extensive free science-based Nutrition Education programs to help customers and Crew make informed health and nutrition choices. Natural Grocers is committed to its 5 Founding Principles—including its "Commitment to Community" and "Commitment to Crew". In fiscal year 2024, the Company invested more than
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SOURCE Natural Grocers by Vitamin Cottage, Inc.
FAQ
When will Natural Grocers (NGVC) close its Broadway and Kolb store in Tucson?
What discounts is Natural Grocers (NGVC) offering during its Tucson store closing sale?
How many Natural Grocers stores will remain in Tucson after the Broadway and Kolb closure?
