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Home/Banking News/Retailer With 600 Outlets Now Announces An Unexpected Closure
Market News Today - Retailer With 600 Outlets Now Announces An Unexpected Closure

Retailer With 600 Outlets Now Announces An Unexpected Closure

By Frank Nez
March 28, 2024
2

A beloved retailer with 600 outlets now announces an unexpected closure of one of its major locations in California.

Barnes & Noble announced that they are closing down its Merced, California location, which is said to be one of the biggest stores in the city.

The 21,714-square-foot store’s final day will be May 12, according to the manager.

The Barnes & Noble store almost shut down in 2013, before the landlord agreed to reduce the lease to allow it to stay open, reports The-Sun.

Members of the community were shocked to hear the news of the bookstore’s closing.

“It’s my understanding that they will be putting up ‘store closing’ signs relatively soon and closing up,” Merced Mayor Matthew Serratto told Merced Sun-Star.

“It’s terrible news. You want to see all businesses thrive in our community, especially a store like that which provides a valuable service.”

Merced City Council Member Sarah Boyle also revealed she was heartbroken by the closure.

“I’m extremely sad to hear the news,” Boyle said.

“Part of it is because I actually worked there while I was going to Merced College back in 2010 before transferring to Fresno State.”

“Some of the people I worked with are still there today. Now that I’m in the capacity of city council, I’m disheartened to hear it’s happening.”

After hearing about the news, Boyle reached out to the managers of the location, where they revealed that Barnes & Noble would love to find another location in the area.

“My hope that this is a similar situation to Best Buy, when they closed and eventually opened another store in Merced,” Boyle said.

“Talking to the local manager, Barnes & Noble wants to stay in Merced.

What I’ve been told is they still want to be in the Merced market.

They never wanted to close. They have to find another, smaller location that suits them.”

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Also Read: A Giant Company Now Announces Unexpected Layoffs in Maryland

Other Economy News Today

Market News Today - Retailer With 600 Outlets Now Announces An Unexpected Closure.
Market News Today – Retailer With 600 Outlets Now Announces An Unexpected Closure.

A massive chain with 6,805 locations now begins to close more stores, giving locals in the area less options, sources confirm.

Pizza Hut is closing down another location, leaving fans with fewer options in New York.

The Pizza Hut in Glens Falls on 12 Hudson Avenue closed yesterday, according to WTEN, the ABC affiliate in Albany, New York.

Several other locations in the capital area closed in June 2023 including Ballston Spa, Johnstown, and Cobleskill.

There are only around 12 Pizza Hut stores remaining in the Albany area.

The locations include:

  • Latham, 675 Troy Schenectady Road
  • Troy, 849 Second Avenue
  • Pizza Hut Express at 204 Saratoga Road in Glenville
  • Queensbury, 97 Main Street
  • Clifton Park, 1689 Route 9
  • Pizza Hut Express inside Target in Amsterdam
  • Fort Edward, 354 Broadway

In October 2023, an Arkansas-based coffee shop drive-thru opened at the former Johnstown Pizza Hut location.

Ted’s Fish Fry announced it plans to open a new location at the Ballston Spa Pizza Hut.

The closure follows multiple delivery driver layoffs in California stores as the company geared up for a minimum wage increase, reports The-Sun.

The increase kicks in this April, aiming to balance out the cost of living for many California residents.

It pushed many Pizza Hut franchises to depend on delivery driver apps like Uber Eats, DoorDash, and GrubHub.

The pizza joint also closed down 300 of its underperforming stores last year after a franchise owner declared bankruptcy.

One of Pizza Hut’s major franchise owners is NPC International, which filed for Chapter 11 bankruptcy in 2020.

A Pizza Hut spokesperson previously told The U.S. Sun the New York locations closing down had no link to NPC International’s bankruptcy.

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Market News Today - Retailer With 600 Outlets Now Announces An Unexpected Closure.
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Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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2 Comments
  1. Frank Nez says:
    March 28, 2024 at 10:18 pm

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  2. Frank Nez says:
    March 28, 2024 at 10:18 pm

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