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Friday, October 23, 2015

Update: Fresh and Easy to close 97 Stores, 3,000 Layoffs

http://www.fox5vegas.com/story/30330882/fresh-and-easy-closing-97-stores-laying-off-3000

Grocery store chain Fresh and Easy announced Wednesday that it will close 97 stores and layoff all of its 3,000 employees.
The chain originated in the United Kingdom, and migrated to the United States in 2007.
Experts said the chain did well in its native country, but the British-style layout isn’t something shoppers in the US are used to navigating.
In 2013, the company was bought out of bankruptcy by a California-based business. In a statement, the company said it had been trying to break even during the past two years. Fifty stores were closed during that time.
There was no immediate word on when the stores would close, but the first round of layoffs are expected as early as next Friday.


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