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Upscale grocer Fresh Market planning Fishers store

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Upscale specialty grocery chain The Fresh Market is planning its third store in the Indianapolis area, this time in a busy area of Fishers.

The Greensboro, N.C.-based company said Tuesday it plans to open a store at 116th Street and Cumberland Road, near a high-traffic intersection where a Kroger store and an LA Fitness Club are located.

The store is scheduled for a 2013 opening.

Fresh Market opened its first area store in Carmel at 2490 E. 146th St. in 2005. It added a second in 2008 at College Avenue and 54th Street in Indianapolis at a spot previously occupied by the legendary Atlas Supermarket.

The 128-store chain, founded in 1982, has stores in 25 states. Company shares traded at $60.35 each Tuesday afternoon, down 1.7 percent.

The company had sales of $313 million in the second quarter.
 

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  • Not
    The "Carmel" Fresh Market is actually in Westfield.
  • Retail goes where the money and people are
    "Do we ALL have to move to the northside to get high end groceries?" Yes. At least for now. The bottom line is national businesses like Fresh Market know what they are doing and that's how they have stayed in business. There just aren't enough residents downtown to support something like this. Despite everyone that moves downtown being featured in a story in the Indy Star (that's a joke...but not that far from the truth) there still aren't that many people living downtown. Less than 30k I believe. For most people to the north of downtown the location on 54th street is going to be more convenient. Especially if they have the money to shop there. It's just tough for downtown to support a business like this compared to Carmel or Fishers with over 80,000 people each just in their city limits with very high incomes. There are pros and cons to living either in the suburbs or downtown but you've got to realize that many of the conveniences of the suburbs will never exist downtown.
  • Interesting
    I believe several years ago Fresh Market was slated to open a store at the same location. Wonder if it will really happen this time? Could it be because Earth Fare has entered the market north of this location?
  • Do we ALL have to move to the northside to get high end groceries?
    What does that make about 26, 27 specialty grocers on the northside, versus how many downtown or on the southside? I'm hoping that eventually one of these chains will realize that they can make money downtown, even if the demographics aren't as good as the northside, IF they are the only specialty store within an 8-mile radius.

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