Natural Grocers by Vitamin Cottage, Inc. has announced its first store closure since it was founded 63 years ago.
The Lakewood, Colo.-based chain (NYSE:NGVC) of 148 natural and organic grocery stores in 19 states, founded in 1955, said it will close its Tulsa-Central store in Tulsa, Okla., on Nov. 9.
Natural Grocers said the decision was based on the store’s financial performance as well as a efforts on the corporate level to “enhance operating efficiencies across its store base.”
The company said the city’s other Natural Grocers store, located less than eight miles from the Tulsa-Central store, “will be in a strong position to effectively serve the Tulsa market.”
The store’s 16 employees will either be transferred to other Natural Grocers stores in Oklahoma or offered severance which includes health benefits through the end of 2018.
The Tulsa-Central store will kick off a closing sale on Sept. 17 with discounts of 25 percent off all products.