For several months, construction workers have been renovating the building at the southwest corner of Melrose Avenue and Gardner Street. A Fresh & Easy Neighborhood Market was planning to move into the space.
It’s now unclear whether that will ever happen. Tesco, the large British supermarket company that owns Fresh & Easy, has announced that it is looking to sell all of the stores.
According to this week’s Los Angeles Business Journal:
Tesco’s decision to sell or scrap its failed Fresh & Easy Neighborhood Market unit leaves an uncertain fate for nearly four dozen of its stores in Los Angeles and more than 150 throughout the Southwest. Tesco announced last month that it is exploring strategic alternatives for the El Segundo chain, including selling it in whole or in pieces, or shutting it down altogether.
The Journal says that some Fresh & Easy stores could be bought by Dollar General or by Wal-Mart, which is expanding its smaller-size Neighborhood Market and Express formats. However, those retailers seem an unlikely fit for Melrose Avenue.
Our guess? The location will either become a large clothing store, or a small drugstore from a national chain.