Rosauers Supermarkets will close its Meridian store on the corner of Eagle Road and Ustick at the close of business on Dec. 2.
A clearance sale will begin Oct. 11. The store will transfer its pharmacy files to Albertsons on Oct. 17.
Store officials announced the closure at an employee meeting on Sunday.
“Delivering bad news is difficult, but being on the receiving end of bad news is worse,” said Jeff Philipps, president and CEO on Tuesday. “We have a fantastic team that has enjoyed serving our Meridian-Boise neighbors and being an active part of the community over the last five and a half years.”
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The Spokane company opened the store in March 2012 with the intention of expanding its presence in the Treasure Valley. The company now says it was not able to “create the right formula for success in Meridian.”
The Treasure Valley, Philipps said, is “a very price-driven market.” Philipps said he thought the chain’s emphasis on quality and service “would be a good fit,” but found that was not the case.
The 60,000-square-foot supermarket carries a mix of natural and organic and local foods. It was modeled on an existing Rosauers in Bozeman, Montana.
An employee said that 71 employees work at the Meridian store and will lose their jobs. Philipps said the company has reached out to other grocery stores in the area to try and place laid-off Rosauers employees in new jobs.
The company said it will offer severance packages to those who qualify. COBRA health insurance will also be available.
Rosauers Supermarkets operates 22 stores in a four-state region that includes Idaho, Montana, Oregon and Washington. Rosauers is a subsidiary of URM Stores, also in Spokane. Rosauers has two other stores in Idaho. The stores, in Moscow and Lewiston, will remain open.
Philipps said Rosauers leases its current building in Meridian. It is working with a broker, Philipps said, to find a new renter.