Why Earth Fare failed

This is bonus content connected to the Feb. 5, 2020, edition of The Charlotte Ledger.

A filing in Earth Fare’s bankruptcy case on Tuesday sheds light on why the company is closing its 50 stores, including seven in the Charlotte area.

Here’s an affidavit from Charles Goad, the company’s chief restructuring officer, who was hired in July 2019.

• bankruptcy
• earth fare
• organics
• retail