The Supermarket Liquors Company is shutting down, according to its CEO.
The company, which includes superfresh, supermarket, supermarket and grocery products, announced Friday that it would be closing its grocery stores.
Supermarket and Superfresh locations will be sold to a private buyer.
Supermarket, the parent company of Walmart and Target, said it will shut down grocery stores on Oct. 31.
It’s been a challenging time for Supermarket, which has lost about 10 percent of its market share in the last three years.
Supermarkets nationwide are closing more than 80 percent of their stores, according the company.
Supermarkets across the country are also seeing declining sales.
In the last year, Supermarkets in Florida, Illinois, New York and North Carolina closed their doors for the second straight year.
In Illinois, the grocery giant announced it was closing 70 stores, citing its declining grocery business.