Natural Grocers Closes Stores in Fort Worth and Coppell
Colorado-based Natural Grocers by Vitamin Cottage closed two stores in the Dallas-Fort Worth area on June 27th due to poor sales. The two stores, Fort Worth-North, located at 5230 North Tarrant Parkway and Coppell, located at 120 S. Denton Tap Road, began store-wide closing sales in mid-May with discounts of 25% off all merchandise. The retailer worked closely with its staff impacted by these closures to identify transfer opportunities to other stores. All other impacted team members were offered a transition package, including severance and benefits.
“We made the difficult decision to close two lower-performing stores, Fort Worth-North and Coppell,” said Kemper Isely, Co-president of Natural Grocers, in a statement. “We remain committed to serving the Dallas-Fort Worth metroplex and believe that our neighboring stores will continue to provide these communities the world-class customer service, quality and affordability for which Natural Grocers is known.”
In its recent second-quarter earnings report, Natural Grocers announced an upswing in customer visits, leading to a 2.7% rise in comparable-store sales for the natural-and-organic retailer. This positive development prompted the grocer to revise its guidance for the year, reflecting increased optimism about its financial performance. “The strength of our sales trends indicate that we have a loyal and resilient customer base that prioritizes our healthy and sustainably focused offerings,” Isely said. Fort Worth-North and Coppell are two of 25 Natural Grocers stores in Texas. The company states it currently has no plans to close any additional stores.