One of few full-service grocery stores in north Minneapolis is temporarily closing this winter, citing financial challenges. It’s slated to reopen later next year with a new format.
North Market will close in its current form on Feb. 1, according to an announcement from its nonprofit owner, Pillsbury United Communities. Leaders at the nonprofit said the store is seeing rising costs and fluctuations in philanthropic support, forcing the closure and layoff of staff.
“The grocery industry operates on extremely thin margins,” Pillsbury United Communities interim president Anthony Washington said in a news release. “Without the scale and purchasing leverage of large chains, North Market was unable to operate as a self-sustaining enterprise.”…