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Stock impact report

80-year-old grocery chain closing all locations unexpectedly [Yahoo! Finance]

Lee Enterprises, Incorporated (LEE) 
Last lee enterprises, incorporated earnings: 5/4 06:30 am Check Earnings Report
US:NYSE Investor Relations: lee.net/financial
Company Research Source: Yahoo! Finance
The chain's owners hope to sell the stores. When a grocery store closes in a market that has multiple supermarkets, it's a minor annoyance. People might lose access to their favorite chain, but they will still have places to shop. When the only grocery store in a market closes, that can be a disaster for residents. That actually happened in the New Hampshire town where my family has a vacation home. The local Market Basket closed, making boutique (and very expensive) stores the only grocery options in a 20-30 minute radius. A new Stop & Shop eventually moved in, but for around two years, residents had no easy access to produce or full-line grocery-store prices. That's something the Richmond Times Dispatch wrote about in a 2019 editorial "An estimated 1 million Virginians live in so-called food deserts — areas with no grocery stores within one mile in urban regions and within 10 miles in rural communities. Nationally, that figure is estimated at a dangerously high 37 milli Show less Read more
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