Fresh & Easy confirmed plans to close 14 stores across Southern California. The locations include those in Long Beach, San Diego, Los Angeles, and Orange County, California; Arizona; and Las Vegas.
Brendan Wonnacott, spokesman for the El Segundo chain, said Fresh & Easy doesn’t have enough cash and couldn’t obtain financing to continue operating the business, Wonnacott said. That’s despite progress made over the last two years that has moved the company “closer to break even.”
The company operates 97 stores in California, Nevada and Arizona. The Southland is home to 54 locations.
Some of the closing SoCal locations have also announced closing sales of 50 and 75 percent in the coming days.