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Shop-Rite in Jasper is officially closed for business

Updated — 10/13/17 @ 12:21pm CDT

JASPER, Tenn. — Many have wondered recently the fate of the Shop-Rite grocery store on US-41 in Jasper near the Cedar Grove community.

Regular customers of the store have noticed that store shelves have been slow to be re-stocked over the last year and rumors of the store closing have been circulating for some time following the location’s parent company filing bankruptcy.

Those who have been in question now know the answer…yes, the store location has officially closed as of Thursday night.

American Consumers, Inc., based in Rossville, Georgia; who owned the Jasper store for several years, declared bankruptcy earlier this year and several of the locations they owned have since been sold to new third party owners, including the Jasper Shop-Rite.

The new third party owners which planned to operate the Jasper store have reportedly failed to reach a lease agreement with the property owners of the building in which the store is housed.

A sign hanging on the Jasper Shop-Rite’s door on Friday morning tells shoppers the store is closed and thanks them for their patronage.

While the exact terms of the lease agreement offered to the new owner have not been disclosed, we understand according to a family member of the property owner that they entered negotiations with the new owners and the same lease agreement that was held by American Consumers, Inc. (Shop-Rite) was offered to them for the term of three years followed by a small increase thereafter.

We’ve reached out for comment from the new owners and our calls have not been returned.

The former owner, American Consumers, Inc., also owned store locations in Dayton, Tennessee; Stevenson, Alabama; Chickamauga, Lafayette, Chatsworth Tunnel Hill and Ringgold, Georgia in addition to the Jasper store.

The Ringgold location was closed in June as part of their bankruptcy filing while other locations were sold and remained open.

The Shop-Rite location in Jasper as seen on Friday after closing for the final time the night before. The property was the longtime location of Hale’s Foodland and is still owned by the Hale family.

The Stevenson location, which was purchased by the new third party owners as part of American Consumers, Inc.’s bankruptcy settlement, is reportedly changing that location to a Foodland branded store at a later date.

The store in Stevenson is closed for now for remodeling, but will reportedly re-open soon as Bruce’s Foodland under the new ownership.

Prior to being purchased by American Consumers, Inc. In the early 2000s, the store operated as Hale’s Foodland and was locally-owned by the Hale family of Jasper for many years prior to selling the family-owned store. The Hale family still retains ownership of the building and property.

Previous Story — 10/12/17:

JASPER, Tenn. — Many have wondered recently the fate of the Shop-Rite grocery store on US-41 in Jasper near the Cedar Grove community.

Regular customers of the store have noticed that store shelves have been slow to be re-stocked over the last year and rumors of the store closing have been circulating for some time following the location’s parent company filing bankruptcy.

Those who have been in question now know the answer…yes, the store location is officially closing.

American Consumers, Inc., based in Rossville, Georgia; who owned the Jasper store, declared bankruptcy earlier this year, and several of the locations they owned have since been sold to new third party owners.

The new third party owners which planned to purchase and operate the Jasper store have reportedly failed to reach a lease agreement with the property owners from whom the building in Jasper is leased.

While no official closing date has been announced, we anticipate it to happen no later than October 16th — a date which is mentioned in American Consumers, Inc.’s bankruptcy court filings — if the store is not indeed closed for good at the close of their business day on Thursday.

** Editor’s Note: We have since learned by store employees that the store closed for the final time at the close of business on Thursday night, October 12th, 2017…

Officials with the new ownership and also American Consumers, Inc. have been unavailable for comment to the news media; however it’s understood that all store property will be removed from the building by the end of October.

American Consumers, Inc., which also owned store locations in Dayton, Tennessee; Stevenson, Alabama; Chickamauga, Lafayette, Chatsworth Tunnel Hill and Ringgold, Georgia in addition to the Jasper store.

The Ringgold location was closed in June as part of their bankruptcy filing.

The Stevenson location, which was purchased by new third party owners in the bankruptcy settlement, is reportedly changing that location to a Foodland branded store at a later date, but is reportedly to remain open.

Prior to being purchased by American Consumers, Inc., the store operated as Hale’s Foodland and was locally-owned by the Hale family of Jasper for many years prior to selling the family-owned store.

 

 

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