Published on June 27th, 2016 |0
Southern Season files Chapter 11, cancels Buckhead gourmet food store
Store associates at Southern Season stores in Chapel Hill and Raleigh confirmed to Tomorrow’s News Today Atlanta (TNT) that plans for the 25,000-square-foot Atlanta store at Regency Center’s Powers Ferry Square in North Buckhead have been canceled.
The Atlanta store was first announced in August 2015 to be coming to Regency Center’s Powers Ferry Square in North Buckhead.
Chapel Hill, N.C.-based Southern Season said Chapter 11 filing is in an effort to stem losses and streamline operations to emerge leaner and more stable, according to a story by TNT. The company reportedly plans to exit bankruptcy by December.
The Chapter 11 filing comes on the heels of the chain’s closure of its 53,000-square-foot store in Richmond, Virginia this April. The chain has also announced it will be closing its 44,000-square-foot store in Mount Pleasant, S.C. Both stores proved to be too large to be profitable.
Going forward, the 41-year-old chain plans to gradually expand its smaller format “Taste of Southern Season” store, of which it currently has two (Charleston and Raleigh), with a third expected to open July 1st in Asheville.
The Atlanta store, while far smaller than the “megastores” in Richmond and Mt. Pleasant, was still larger than the “Taste” stores which on average will measure 4,000-7,000 square feet.
The successful 59,000-square-foot flagship store in Chapel Hill, N.C. remains profitable and will reportedly be unaffected by the filing, according to the TNT Atlanta report. To read that TNT story, click here.