The Fresh Market

From Wikipedia, the free encyclopedia
Jump to: navigation, search
For the chain of grocery stores in Utah, see Associated Fresh Market.
The Fresh Market, Inc.
Type Public
Traded as NASDAQTFM
Industry Retail
Founded March 8, 1982
Headquarters Greensboro, North Carolina
Number of locations 131 (all in USA)
Area served Southeastern U.S.
Mid Atlantic U.S.
Midwest
Western U.S.
Key people Ray Berry (grocer) and Beverly Berry (founders)
Products Grocery
Revenue $1,329,131,000
(year ending 2013-01-26)
Operating income $101,486,000
(year ending 2013-01-26)
Net income $64,133,000
(year ending 2013-01-26)
Employees 6,250
Website thefreshmarket.com

The Fresh Market is a chain of gourmet supermarkets based in Greensboro, North Carolina.[1]

History[edit]

The Fresh Market was founded by Ray and Beverly Berry on March 8, 1982 in Greensboro, North Carolina. The Berrys' idea was to develop a better grocery store that brought back the feeling of open European-style markets.[2] The company operates 131 stores in 25 states, located in the Southeast, Midwest, Mid-Atlantic, Northeast, and West with plans for continued expansion throughout the country. 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.[3]

Longtime family-owned Houston grocer Rice Epicurean Markets is closing all but one of the 5 stores to make way for The Fresh Market, the Greensboro, N.C.-based specialty food chain announced November 14, 2012. Fresh Market will remodel each location and plans to open the four stores in the latter half of next year.[4]

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.[5]

Locations[edit]

Fresh Market operates stores in these US states:[6]

References[edit]

  1. ^ "Contact Us." Fresh Market. Retrieved on July 13, 2010. "Mail: 628 Green Valley Road Suite 500 Greensboro, NC 27408-7041"
  2. ^ http://www.freshmarket.com/Company/history.html
  3. ^ http://www.sacbee.com/2014/03/06/6216274/fresh-market-closing-all-3-sacramento.html
  4. ^ Kaplan, David. "Rice Epicurean to close four stores to make way for The Fresh Market." Houston Chronicle. November 14, 2012. Retrieved on November 15, 2012.
  5. ^ "Report: Fresh Market raises $290 million at IPO". News & Record. 2010-11-05. Retrieved 2010-11-05. 
  6. ^ The Fresh Market - Store Locations
  7. ^ Announced Leases

External links[edit]