Company type | Private |
---|---|
Industry | Retail |
Founded | March 5, 1982 |
Founders | Ray Berry and Beverly Berry |
Headquarters | Greensboro, North Carolina, U.S. |
Number of locations | 160 (all in US) [1] |
Area served | Southeastern U.S. Mid Atlantic U.S. Midwest |
Key people | Jason Potter (CEO) |
Products | Food |
Revenue | US$1.75 billion (2014) [2] |
US$103.6 million (2014) [2] | |
US$63 million (2014) [2] | |
Number of employees | 13,000 |
Website | www |
The Fresh Market is an American chain of supermarkets based in Greensboro, North Carolina. [3]
The Fresh Market was founded by Ray and Beverly Berry on March 5, 1982, in Greensboro, North Carolina. The first store was opened in the former Bi-Rite store at the corner of Lawndale Dr. and Pisgah Church Rd. [4] The Berrys' idea was to develop a better grocery store that brought back the feeling of open European-style markets. [5] Their first store in the West opened in October 2012 in Roseville, California. However, in March 2014, the company announced that it was closing all three of its Sacramento area stores including its Roseville store. [6]
In 2012, Fresh Market acquired and remodeled four locations of longtime family-owned Houston grocer Rice Epicurean Markets. [7] These locations were subsequently closed in May 2016 when Fresh Market shuttered its 13 locations in Texas, Iowa, Missouri, and Kansas. [8]
After increasing the price of its initial public offering from $18–20 to $22, Fresh Market raised $290 million, and on November 5, 2010, began trading on Nasdaq using the symbol TFM. [9]
Apollo Global Management acquired the stock of The Fresh Market on April 27, 2016. The Fresh Market then became a privately held company and its stock was delisted on NASDAQ. [10]
In March 2022, Fresh Market filed an updated prospectus for a new initial public offering, signaling the companies intent to return to becoming a public company. [11]
In May 2022, the Chilean retail company Cencosud acquired a 67% stake in Fresh Market. [12]
The Fresh Market has been in numerous trademark disputes relating to its commonplace name. In 2005, the company lost a trademark dispute with "Marsh Supermarkets" relating to the 'Fresh Market' trademark. The U.S. federal court in South Bend, Indiana stated “The Fresh Market trademark is descriptive and therefore weak and not entitled to broad sweeping protection." [13] The Fresh Market was also in trademark disputes with “Fresh Market at Roth's" [14] and in 2010 with a Utah-based company named "A Fresh Market". In the latter case, it was argued that the term "Fresh Market" was too generic to be trademarked. [15]
In 2017 the company's name “The Fresh Market” was trademarked by the U.S. Patent and Trademark Office. [16]
From 2021 to 2023, the company was named the "Best Grocery Store in America" for three consecutive years by USA Today. [17]
Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho.
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Lucky Stores is an American supermarket chain founded in San Leandro, California, in 1935. Lucky is currently operated by Albertsons in Utah and Save Mart Supermarkets in Northern California.
FreshCo Ltd. is a Canadian chain of discount supermarkets owned by Sobeys. It was launched in March 2010. As of September 2023, there were 100 FreshCo stores.
Bristol Farms is an upscale grocery store chain in California, United States. Founded in Los Angeles County, Bristol Farms operates 19 stores: 13 as Bristol Farms locations and 6 branded as Lazy Acres Markets throughout Southern California. The company is currently owned by Good Food Holdings.
Farm Fresh Food & Pharmacy is a supermarket chain with four independently owned stores, all of which are in Virginia. At its peak, Farm Fresh called itself "Virginia's Grocery Store" because it had stores spanning the state. Its headquarters were located in Virginia Beach and its largest presence was in the surrounding Norfolk/Virginia Beach metropolitan area. The company was a wholly owned subsidiary of Eden Prairie, Minnesota-based SuperValu. On March 14, 2018, it was revealed that parent company, SuperValu, would be selling 21 stores to Kroger and Ahold Delhaize. Currently, three Farm Fresh stores remain in operation under different ownership.
Fiesta Mart, L.L.C., formerly Fiesta Mart Inc., is a Latino-American supermarket chain based in Houston, Texas that was established in 1972. Fiesta Mart stores are located in Texas. The chain uses a cartoon parrot as a mascot. As of 2004 it operated 34 supermarkets in Greater Houston, 16 supermarkets in other locations in Texas, and 17 Beverage Mart liquor store locations. During the same year it had 7.5% of the grocery market share in Greater Houston. Many of its stores were located in Hispanic neighborhoods and other minority neighborhoods.
Rice Epicurean Markets was an American niche grocery store chain based in Southwest Houston, Houston, Texas. There is now just one supermarket left of the chain. Prior to 2012 the company operated five Rice Epicurean Markets, which ranged in size from 25,000 to 42,000 square feet (3,900 m2). At its height, it operated 35 stores. The last Rice Epicurean Market is wholly owned by founding family members.
The Save Mart Companies is an American grocery store operator founded and headquartered in Modesto, California. It owns and operates stores under the Save Mart, Lucky, and FoodMaxx brands. The stores are located in northern and central California and northern Nevada. The company is owned by the Jim Pattison Group.
Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona. The grocer offers a wide selection of natural and organic foods, including fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, frozen foods, natural body care, and household items. Sprouts employs 35,000 workers and operates more than 400 stores in 23 states.
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