DENVER -- SmartCo's expansion into Colorado lasted all of five months.
The company announced Monday that it is closing all five of its Colorado stores due to “disappointing sales that fell below the company’s expectations.”
SmartCo, which bills itself as a discount grocery chain, plans to close stores in Littleton, Centennial, Longmont and both Denver locations over the next month.
“Despite our best efforts, the level of sales achieved in the SmartCo Foods stores after several months did not meet our goals and is not sufficient to sustain continued operations,” said Dave Hirz, president of Smart & Final Stores LLC, the parent company of SmartCo Foods. “We are grateful to all our associates who helped open and operate our stores, and are committed to doing all we can to support them through this difficult time.”