Popular grocery store chain closes all locations, no bankruptcy

The grocery retail sector continues to recover from the Covid-19 pandemic and faces several other challenges, such as increased food and labor costs driven by inflation and rising interest rates on commercial financing.

Some grocery retailers in deep trouble will file for bankruptcy or launch out-of-court restructurings to address their financial distress. In many cases, grocery chains will opt to close or sell underperforming store locations that don't make economic sense.