This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: ScrapeHero.com and The-Sun.com.
I write extensively about the state of large and small contemporary grocery chains. In that spirit, now comes word that a popular Texas-based discount grocer is permanently and, unexpectedly to many, closing.
Firstly, per ScrapeHero.com's most recently-updated store location count: There are 31 Market Basket Foods stores in the United States as of August 31, 2023. The state with the most number of Market Basket Foods locations in the US is Texas, with 16 stores, which is about 52% of all Market Basket Foods stores in the US.
Let us explore.
Market Basket Select, 2023
According to a September 30th report from The-Sun.com, the store is shuttering due to a lease issue.
As excerpted from the report: The Market Basket Select store in Beaumont, Texas, is slated to close on October 28. The store, located on Phelan Boulevard, announced it will be shutting its doors due to an "unfavorable lease renewal option starting in 2024," according to a statement from the company.
A storewide sale is presently ongoing.
The statement continued: "Our top priority was to accommodate a transfer for store associates and management to another store within our company. Our store operations at this location are being consolidated into our other local locations."
Reportedly, other stores in the area are not in danger of closing.
This is a developing story. In the event of pertinent updates to this matter, I will share them here on NewsBreak.
Thank you for reading.