NATURAL GROCERS® ANNOUNCES CLOSURE OF DOWNTOWN SALT LAKE CITY STORE

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Natural Grocers by Vitamin Cottage, Inc.

Feb 01, 2022, 16:55 ET

LAKEWOOD, Colo., Feb. 1, 2022 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. today announced that it plans to close its downtown Salt Lake City store, located at 645 East 400 South, Suite A, in Salt Lake City, Utah 84102, by March 31st, 2022. The Company stated the decision to close the store was made after careful consideration of that store's operating performance and reflects the Company's commitment to enhancing operating efficiencies across its store base. Natural Grocers will continue to provide its organic and natural grocery offerings to customers through its Sugar House store in Salt Lake City, located at 1033 East 2100 South, Salt Lake City, Utah 84106 (only 3.1 miles from the downtown Salt Lake City store), which will remain open. The Company believes its Sugar House store will be in a strong position to effectively serve the Salt Lake City market.

A store closing sale will begin on February 14th, with discounts of 25% off all products at the Downtown Salt Lake City store.

Closing the Salt Lake City store marks Natural Grocers' first store closure in Utah. The Company stated it currently has no plans to close any additional stores.

The Salt Lake City store currently employs 20 Natural Grocers good4u® crew members and the Company will work closely with each of these valued crew members to assist them through the closing process. The Company expects to transfer some of these crew members to Natural Grocers' other stores in Utah. All other crew members will be offered a severance arrangement, with health benefits covered through the end of June 2022.

About Natural Grocers by Vitamin Cottage
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care products, and dietary supplements. The products sold by Natural Grocers must meet high quality standards and may not contain artificial colors, flavors, preservatives or sweeteners, or partially hydrogenated or hydrogenated oils. The Company sells only USDA-certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, safe, and convenient retail environment. The Company also provides extensive free science-based Nutrition Education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 162 stores in 20 states.

SOURCE Natural Grocers by Vitamin Cottage, Inc.