Gary and Margie Shelton, owner of seven Market Place supermarkets – five of them in Wise County – this week announced the sale of all seven stores to Lowe’s Market, headquartered in Littlefield.
The sale is effective April 24 and includes stores in Decatur, Bridgeport, Boyd, Chico and Alvord as well as Jacksboro and Gainesville.
The Sheltons plan to retire May 1 after nearly 50 years in the grocery business. They have owned and operated the Market Place chain of stores (formerly IGA Foodliner) since April, 1987.
The Sheltons expressed thanks to their customers for their support over the past 27 years, and to all the employees who contributed to the company’s success.
“The Lowes are a wonderful family and I have seen the way they operate their stores,” Gary Shelton said in a news release issued Friday. “I know they will be a great fit for our communities, customers, and employees.”
He noted that the two families have known each other for many years and said both are committed to making the transition smooth for employees and customers.
The Lowes family has agreed to retain all store-level personnel, ensuring that customers will see the same smiling faces they have throughout the years.
Roger Lowe, Jr., vice-president/CEO for Lowe’s, said his family-owned and operated business is happy to welcome the new stores.
“We appreciate Gary and his family for the many years of service to these communities and we are honored that we have this opportunity to include these stores into our family of grocery stores,” Lowe said.
The Lowe’s company currently operates 145 grocery stores throughout Texas, New Mexico, Colorado, and Arizona. Lowe’s Market was founded in 1964 and has a rich family heritage of traditional Christian values.