[1] LM Acquisition Co. LLC , doing business as Lucky's Market, started in Boulder and briefly became a national chain before it shrank back to its home state.

The withdrawal of financial support from Kroger at the end of 2019 led to a massive company downsizing to just six surviving stores in four states and a Chapter 11 bankruptcy protection filing in January 2020.

[6] Supermarket News described the store's format as "value-priced natural and organic foods served in a hip and playful atmosphere targeting foodies".

[14] Lucky's opened its first store in the state of Kentucky, its sixth in the nation, in May 2014 in Louisville by holding a "bacon cutting" ceremony.

[15][16] The company opened its first store in the state of Michigan in February 2015 in the university town of Ann Arbor.

[26] In August 2019, Lucky's started to distribute Kroger's Simple Truth private label organic products.

[28] In its third-quarter earnings report filed with the U.S. Securities and Exchange Commission, Kroger reported that "it was taking a $238 million impairment charge on the investment, including a $107 million net loss attributable to its minority interest in the Lucky's chain".

[30] On January 21, 2020, Lucky's Market announced that it was closing 20 of its 21 locations in Florida, leaving only the store in West Melbourne.

[33][34] At the time of the closing announcement, Lucky's had stores in Colorado, Florida, Georgia, Indiana, Kentucky, Michigan, Missouri, Montana, Ohio and Wyoming.

The store closings across the U.S. includes the company's complete withdrawal from the states of Georgia,[35] Indiana,[36] Kentucky,[37] Montana,[38] and Wyoming.

The stores that were kept open were located in North Boulder and Fort Collins in Colorado; Traverse City in Michigan; West Melbourne in Florida; Cleveland and Columbus in Ohio; and Columbia in Missouri.

[43] Documents filed as part of the bankruptcy also reveal that the seven remaining stores are to be sold to an undisclosed party, later announced to be a new company led by founders Bo and Trish Sharon.

[52] During the same week, the company sold its last two stores in Ohio, in Cleveland and Columbus, to Cleveland-based Dave's Markets.