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Asolica > Blog > Finance > 91-year-old grocery chain closes one other retailer in a key market 
Finance

91-year-old grocery chain closes one other retailer in a key market 

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Last updated: March 16, 2026 3:04 pm
Admin
7 hours ago
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91-year-old grocery chain closes one other retailer in a key market 
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Are you aware what number of instances during the last yr you visited a grocery retailer?  I don’t both, but it surely seems like practically day by day, I must drop by simply to get that one factor (which seems to be at the very least 5 extra objects). 

Contents
  • One other Fortunate grocery store in San Francisco closes for good 
  • Why is Fortunate closing one other grocery retailer in San Francisco? 
  • San Francisco stays a key marketplace for retailers 
  • Native customers specific concern about Fortunate’s closure

My expertise displays business statistics indicating that the common U.S. family makes roughly 294 grocery journeys per yr (about 5.6 journeys per week), a 1% enhance from 2025, in accordance with 2026 information from NielsenIQ. 

Regardless of the rise in e-commerce, bodily grocery shops stay the first channel for the overwhelming majority of households. Nevertheless, a difficult financial local weather remains to be driving many closures within the sector. 

Earlier this month, main nationwide chain Grocery Outlet closed 36 underperforming shops, following a fourth-quarter comparable gross sales decline. These closures are concentrated within the East Coast (Maryland, New Jersey, and Pennsylvania) and West Coast (California). 

Grocery Outlet isn’t the one grocery retailer compelled to optimize its operations to enhance profitability. For instance, Kroger is within the means of shuttering roughly 60 “unprofitable” shops over an 18-month interval extending via 2026, reported TheStreet’s Kirk O’Neil. 

One other Fortunate grocery store in San Francisco closes for good 

The Save Mart Corporations, the dad or mum firm of standard regional grocery store chain Fortunate, not too long ago confirmed it would shut its retailer at 1750 Fulton St. close to the College of San Francisco, reported San Francisco Chronicle. 

The closure is ready for September 11, 2026, affecting 48 staff.  

“We routinely assess the performance of all of our stores to ensure they meet business standards. Through the normal course of business, we sometimes have to make the tough decision to close an underperforming location,” Save Mart’s senior director of communication and authorities affairs instructed the Chronicle.  

All 48 staff on the grocery shops, together with 31 multipurpose clerks and 5 retailer managers, have been notified. A few of them may be capable to switch to a different retailer, in accordance with the corporate’s letter, SFGate reported. 


A Fortunate grocery store close to the College of San Francisco is ready to shut its doorways.

Sundry Pictures/Shutterstock

Why is Fortunate closing one other grocery retailer in San Francisco? 

Fortunate was based again in 1925 in San Leandro, Calif. Over the a long time, the model’s possession modified many instances, and since 2007, it has been part of The Save Mart Corporations. 

Presently, the chain consists of about 57 shops in and across the San Francisco Bay Space, in accordance with The Save Mart Corporations’ web site. 

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“…our Associates are passionate about the diverse flavors that Californians love to make and eat. Lucky stores provide customers with great value on everyday items and has everything they need, all with a flair and diversity unique to the Bay Area,” reads the outline on the official internet web page. 

In November 2025, Fortunate closed its Bayview location, simply three years after it opened. The closure dealt a crushing blow to a neighborhood that has traditionally struggled with a scarcity of full-size grocery shops. 

“This is extremely disheartening and another blow to the Bayview community,” shared District 10 Supervisor Shamann Walton in an Instagram put up, as beforehand reported by SFGate. 

Now, after the Fulton Avenue retailer’s closure this fall, there will probably be only one Fortunate in San Francisco, situated at 1515 Sloat Blvd. 

Keene famous that the most recent retailer closure is “based on economic factors.” 

“Closing a store is not a decision we take lightly, but this store has had performance issues for an extended period of time. We have worked to enhance and remodel the location, but it has not shown the sales and profit needed to continue operations. In fact, despite the best efforts of a great team, we have lost money year over year at this location,” Keene wrote within the letter. 

San Francisco stays a key marketplace for retailers 

Regardless of Fortunate’s struggles to stay worthwhile throughout its shops in San Francisco, the second-most densely populated American metropolis stays an essential marketplace for retailers. 

Along with the excessive inhabitants density, San Francisco has the second-highest median family revenue within the nation at $143,900, in accordance with Cushman & Wakefield’s This fall 2025 report. 

Excessive common family revenue makes an space essential for premium grocers reminiscent of Entire Meals, Bi-Ceremony, and high-volume worth gamers like Dealer Joe’s. 

With the most recent closure, NoPa residents and College of San Francisco college students, whose campus is simply steps from Fortunate’s closing Fulton St. location, must store at Dealer Joe’s, Goal, Arguello Market, Gus’s, Entire Meals, or Bi-Ceremony Market, all of that are inside a mile of the closing grocery retailer, identified SFGate. 

Furthermore, retail gross sales in San Francisco grew 4.2% yr over yr as of late 2025, in accordance with Cushman & Wakefield’s This fall 2025 report.  

This means that San Francisco stays a significant hub for retailers throughout industries. Nevertheless, whereas demand shouldn’t be a difficulty, different challenges — reminiscent of excessive labor, vitality, and insurance coverage prices alongside fierce competitors — play a job in declining income for some retailers. 

The San Francisco vitality index superior 5% in simply the 2 months ending in February 2026, in accordance with information from the U.S. Bureau of Labor Statistics. 

Native customers specific concern about Fortunate’s closure

Grocery chains throughout the USA face headwinds. Along with fierce competitors, supermarkets confronted a spike in inflation after the Covid pandemic, as food-at-home inflation elevated by 11.4% in 2022 and 5% in 2023, whereas income rose solely 0.5% larger in 2022 yr over yr, earlier than falling beneath 2021 ranges in 2023 and 2024 and recovering in 2025, in accordance with February information from IBISWorld.

Some commenters additionally raised considerations concerning the danger of meals deserts, making it more durable for older folks and people with decrease incomes to afford journeys to shops situated additional away. 

The information of Fortunate’s closure reached Reddit, sparking a dialogue and a collection of feedback expressing unhappiness and disappointment. 

“I don’t like closures that cause food deserts and impact seniors and more vulnerable people in our community,” wrote user Swimming-Squash-3573.

“The neighborhood is losing the Lucky pharmacy along with the store. That is a critical one-stop shop for some people. Recently, the Fillmore lost their Safeway AND their Walgreens, surrounded by low-income senior housing. It makes it really hard for people.”

“This is my local store and it’s going to be absolutely devastating,” wrote person Belgand. “The only full service grocery store within walking distance is going away. Expensive? It’s definitely not as expensive as having to shop at Gus’ or Whole Foods and that’s what this closure is doing to the neighborhood.”

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