The supermarket chain told state officials on Monday that it would close 16 stores within the next two months, if it can’t find buyers or business partners. But in fact all of Marsh’s stores will shut their doors if the company comes up empty-handed.
If Marsh’s two downtown stores close, as the struggling grocer has warned could happen within two months, the locations likely would attract interest from rival supermarket operators.
The struggling supermarket chain warned the state Monday that that it is prepared to close the stores—including 11 in the Indianapolis area—within 60 days if it can't find buyer for the company.
The latest announced closings, seven of which are in the Indianapolis area, bring the total number of Marsh grocery stores that are set to shut their doors this month to 19.
State law prohibits grocery stores without pharmacies from selling spirits, prompting Marsh to offer big discounts on its inventory.
The struggling grocery chain told employees Friday morning that it plans to discontinue pharmacy operations and has sold customer prescription files to a national drug store chain.
The three closures include a store involved in a lawsuit filed by a landlord that accuses Marsh of not paying rent at the site.
Struggling Marsh Supermarkets’ best bet at this point would be to close underperforming stores and find buyers for its most profitable ones, industry experts say.
The Marsh chain continues to downsize amid growing competition. The store on East 86th Street has struggled to attract customers since a Kroger opened across the street in 2010.
Struggling Marsh Supermarkets has stopped paying rent on six Indianapolis stores, a move that might suggest the struggling chain is preparing to close them to shore up finances.
Sun Capital Partners bought Marsh Supermarkets in 2006, rescuing it from potential collpase. But now, more than a decade later, the financial woes have returned.
Marsh Supermarkets, which has been showing signs of struggle amid growing competition, plans to close the store Jan. 28. The location is where Marsh opened its first Indianapolis store, in 1957.
Contractors and at least one landlord say Marsh Supermarkets has fallen behind on rent and other bills—a development that suggests the locally based chain is facing heightened financial strain.
Marsh said it will continue to lease the 25-year-old building from the buyer until Nov. 21, 2026, at an initial annual rent of more than $2.8 million.
C&S Wholesale Grocers Inc. says it will eliminate 187 jobs in Indianapolis and Yorktown because its contract with Marsh Supermarkets Inc. is coming to an end.
A mostly historic four-building commercial property that encompasses an entire city block near Massachusetts Avenue has changed hands.
The Fishers-based grocery chain did not say how much it would spend to "remodel and upgrade" 30 of its 73 stores.
Instacart said it has hired 70 local shoppers who will pick up and deliver merchandise starting Tuesday from Marsh Supermarkets, Whole Foods Market, Petco, Georgetown Market and Costco.
The Indianapolis Symphony Orchestra’s outdoor concert series posted total attendance of more than 100,000 in 2014. Marsh Supermarkets has sponsored the series since its inception in 1982.
Marsh, which has retrenched repeatedly since being acquired by Sun Capital Partners in 2006, now must weather even more competition from Kroger.
