|Remke Markets. Via Yelp.|
According to an employee at the store, CEO Matthew Remke, the store director and a human resources representative delivered the news this morning to the employees. There are currently 58 employees at the Newport location.
The lease, which was a 5-year term, was ending and Remke and the landlord of the property could not come to terms.
According to Pat Iasillo, Remke Biggs Director of Customer Relations, the corporate office will try to locate positions among the other 12 Remke Biggs stores in the area.
When Kroger Marketplace and Target opened in late 2009 and early 2010, respectively, many wondered about the longterm viability of Remke Market and K-Mart on Carothers Road. Kmart closed last March and it looks like the Newport Pavilion will deliver another blow to it's nearby competitors.
"It didn't help (when Kroger and Target opened," said Iasillo. "There's only so much business that can go around. The feasibility of having the store open (with the lease negotiation) were the main reasons for the decision."
The closest Remke store to Fort Thomas are in Fort Mitchell and Taylor Mill.
This story will be updated.