business news in context, analysis with attitude

The Grand Rapids Press reports that The Fresh Market has closed its Grand Rapids store, essentially pulling out of the Michigan market.

"The Fresh Market has enjoyed being part of the Grand Rapids community since opening its store there in 2007,” the company said in a statement. “Unfortunately, the company has made the difficult decision to exit the Michigan market.”

Local experts say that The Fresh Market was hurt by both tough economic conditions in Michigan as well as by competition from Meijer and Spartan Stores-owned D& W Fresh Market.

KC's View: