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 company said Sunday 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.
Fresh & Easy said the service will serve as a test for a wider rollout.