Marsh Could Close All Remaining Stores
(Image courtesy of Marsh Supermarkets)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Marsh Supermarkets says all of its remaining stores could close within two months if a buyer or business partner is not located. A spokesman for the grocery chain tells Inside INdiana Business Marsh has retained investment banking advisor Peter J. Solomon Co. to help find a buyer. The company says its 44 remaining locations employ nearly 2,800 workers, more than 1,000 of whom are full-time.
Early Tuesday morning, Inside INdiana Business reported 16 stores were in jeopardy of closing, in addition to the 18 stores that have either already closed or are set to close later this month. In a notice to the state, the chain said 1,464 jobs could be lost as a result of the most recent round of potential cuts.
The previous slate of closings could be complete by the end of the month. Marsh attributes the more recently-announced cuts to "a period of unexpected difficulties and increased competition resulting in poor sales performance."
The latest round of potential store closings noted to the Indiana Department of Workforce Development include:
- 1825 Kinser Pike, Bloomington
- 843 East Main Street, Brownsburg
- 2140 East 116th Street, Carmel
- 2904 South State Road 135, Greenwood
- 5151 East 82nd Street, Indianapolis
- 1435 West 86th Street, Indianapolis
- 227 West Michigan Street, Indianapolis
- 208 Southway Boulevard East, Kokomo
- 6965 West 38th Street, Indianapolis
- 2350 Broad Ripple Ave, Indianapolis
- 320 North New Jersey Street, Indianapolis
- 1013 Forest Avenue, Marion
- 1500 West McGalliard, Muncie
- 10679 North Michigan Road, Zionsville
- 715 South Tillotson, Muncie
- 5 Boon Village, Zionsville
Previously-announced closings include:
Closing May 14
- 6243 E. Washington St., Indianapolis
- 5104 N. Franklin, Indianapolis
- 7481 Shadeland, Indianapolis
- 2021 E. Wabash, Frankfort
- 824 N. Third St., Logansport
- 731 E. Elm, Union City, Ohio
- 218 W. Lincoln, Portland
Closing May 21
- 8766 E. 96th Street, Fishers
- 3633 Kentucky Avenue, Indianapolis
- 500 S. Buffalo Street, Warsaw
- 1960 E. Greyhound Pass, Carmel
Closing May 27
- 2002 Stafford Road, Plainfield
- 17901 River Avenue, Noblesville
- 2940 N. Broadway, Anderson
- 5830 W. 86th Street, Indianapolis
- 1900 S. Hoyt Avenue, Muncie
Additional stores that recently closed include: 1240 N. State St. in Greenfield and 2135 N. Post Rd. in Indianapolis.
Editor’s notes: A previous version of the sentence that reads "the latest round of potential store closings noted to the Indiana Department of Workforce Development include" incorrectly used the word "planned." A higher jobs figure in the story that was also initially reported on the Indiana Department of Workforce Development’s Worker Adjustment And Retraining Notification Act site has been changed, as well.