Fresh & Easy Closing?

12.14.2012

The parent company of Fresh & Easy, Tesco, PLC, (UK) “one of the world's largest retailers with operations in 14 countries, employing over 500,000 people and serving millions of customers every week.” Announced on December 5, 2012, that they have begun to “conduct a strategic review of Fresh & Easy; all options under consideration”.

By: Steven D. Roppel, Commercial Real Estate Broker, (909) 297-0881, %3Ea%2F%3C6000ps4000ps2000psg1000psleppoRS%3E%226000ps4000ps2000psg1000psleppoRS3000psot2000ps%22%3Dferh%20a%3C

Allied Commercial Real Estate, 3100 East Cedar Street, Suite 7, Ontario, CA 91761

Fresh & Easy, which first opened in Southern California in 2007, has 199 stores located throughout California, Arizona and Nevada, with a large distribution center in Riverside. Unfortunately, Fresh & Easy has not been profitable and the prospects of ever turning a profit look dim. Should these locations close, over 5,000 Fresh & Easy US jobs may be lost – which would be a setback to the economic outlook and employment in the region. 

However, as reported by The Los Angeles Times and RetailTrafficMag.com, there are alternatives to the stores locking their doors and their workers finding themselves out of work.

For example, “Tesco might be able to sell some of its better stores to other supermarket operators, dollar stores or drugstores.”

Also, “Analysts said a drugstore company such as Walgreen Co. or Rite Aid Corp. may scoop up the 200-store chain for the real estate. Other possible buyers include discount grocers such as German company Aldi.”

Aldi is popular discount grocery chain based in Germany and Europe and now operates 1,100 stores in 31 states throughout the East Coast and Mid-Western United States. With no stores at present in the Western United States, the acquisition of the Fresh & Easy stores may be a quick way for Aldi to continue their expansion plans in the United States.

Fresh & Easy in the Inland Empire:

 

 

829 W Foothill

Upland

CA 91786

176 S Mountain Avenue

Upland

CA 91786

8956 Foothill Blvd

Rancho Cucamonga

CA 91730

12188 Foothill Blvd

Rancho Cucamonga

CA 91739

2275 S. Euclid Ave.

Ontario

CA 91761

2569 Chino Hills Pkwy, Suite A

Chino Hills

CA 91709

16049 Baseline Avenue, Unit 1

Fontana

CA 92336

2015 N. Riverside Avenue

Rialto

CA 92377

8082 Limonite Ave

Jurupa Valley

CA 92509

33441 W. Yucaipa Boulevard

Yucaipa

CA 92399

1126 Calimesa Blvd.

Calimesa

CA 92320

4090 Madison St.

Riverside

CA 92504

4090 Madison St.

Riverside

CA 92504

8765 Trautwein Rd.

Riverside

CA 92508

1215 E. Ontario Ave

Corona

CA 92881

685 E Bonita Ave

San Dimas

CA 91773

16100 Perris Boulevard

Moreno Valley

CA 92551

2211 W. Esplanade Ave.

San Jacinto

CA 92582

1631C East Highland

San Bernardino

CA 92404

102 S. Sunrise Way

Palm Springs

CA 92262

30025 Date Palm Dr.

Cathedral City

CA 92234

72885 Highway 111

Palm Desert

CA 92260

78-130 Calle Tampico

La Quinta

CA 92253

82-900 Ave 42 Building E

Indio

CA 92203

39530 Murrieta Hot Springs Rd. , Ste 207

Murrieta

CA 92563

44060 Margarita Rd.

Temecula

CA 92592

14135 Main Street Suite 301

Hesperia

CA 92345

Distribution Center

 

 

14900 Meridian Pkwy

Riverside

CA 92518

Sources

Tesco Press Release: www.tescoplc.com/index.asp?pageid=17&newsid=714

Fresh & Easy: www.freshandeasy.com/stores/

LA Times: articles.latimes.com/2012/dec/06 ... y-20121206

RetailTrafficMag.com: retailtrafficmag.com/retailing/p ... _12132012/

Aldi (US): aldi.us/us/html/company/3503_ENU ... z_src=main