This Grocery Store Wanted to Compete with Whole Foods. Now it’s Going Bankrupt
Lucky’s Market filed for bankruptcy protection Monday, the latest in a series of grocery store bankruptcies. The grocery chain touts itself as “organic for the 99%,” and has found its niche amongst its loyal patrons, including me, Erin Elizabeth. The decision to close several of its stores comes on the heels of trade reports in December that the chain had lost its crucial financial backing from The Kroger Co. Last week, the company announced plans to close more than thirty stores around the country, saying it agreed to sell five stores to Publix and six stores to discount grocer...
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