Fresh & Easy is closing about 50 stores in California, Arizona and Nevada in the coming weeks as the grocery chain pursues a new business model, the Associated Press reported yesterday. The company said that by selling the stores, it can invest in new fresh food convenience stores. Los Angeles-based The Yucaipa Cos. bought the chain out of bankruptcy in 2013 from British retailer Tesco. Since that time, the company gradually changed the stores' look and introduced a new "click and collect" service in Las Vegas that allows shoppers to buy online and pick up the purchased items at the store.
