An unexpected restaurant now makes a closure in Ohio, leaving customers in the dark as to why it made that decision.
Waffle House will shut up shop at one of its locations today – but it’s still unclear why they have decided to pull down the shutters, reports The-Sun.
The popular chain will take its last orders today before it pulls the plug at the outlet in Columbus, Ohio.
An employee previously told the Columbus Ledger-Enquirer that the restaurant on Manchester Expressway would welcome in diners for the final time.
The city still has nine other locations where Waffle House fans can get their fix.
Several chain restaurants have been facing closures across the country.
Chili’s closed its location in South Portland, Maine, on May 7.
The closure affected about 35 employees, and it was unclear if they were given the chance to transfer to nearby locations, reported the Bangor Daily News.
There is only one other Chili’s location in Maine in Bangor, about 130 miles away.
“Sad to see it go,” one fan wrote.
And just a few weeks ago, another Chili’s in Irvine, California, pulled down its shutters.
One location in Port Arthur, Texas — about 80 miles east of Houston— also closed this year.
One of Chili’s main rivals Applebee’s is also closing locations after company executives warned that between 25 and 35 restaurants would close.
Last month, a Dollar Tree store in northwest Boise, Idaho, closed for good in a move that devastated shoppers.
The budget-friendly store had been a staple in the local area for more than three decades.
Dollar Tree chiefs revealed that 600 Family Dollar outlets will close.
Chiefs have warned that another 370 Family Dollar outlets are also set to shutter.
And 30 Dollar Tree stores will be permanently closing over the coming years.
Chiefs identified inflation and a change in shoppers’ behavior as factors that influenced the closures.
For more news and updates like this, opt-in for push notifications.
Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois
Other Economy News Today
A whopping 3,000 retail stores will now close this year after popular clothing brands Rue21 and and Express announced their closures.
The list now grows to approximately 3,100 stores shutting down by the end of this year, per The-Sun.
And this number figure is expected to grow as more businesses announce closures throughout the remainder of the year.
Rue 21 recently announced bankruptcy and a plan to close all 540 remaining stores across the US in the next six weeks.
Express also announced plans on closing over 100 stores across the US in addition to a store closure in Central New York.
If the rising rate of retailers closing down stores continues, an estimated 8,000 locations will be closed by the end of the year.
That many closures would be 40% more than the US saw last year.
In 2023, over 4,000 retailers shut down stores, which was twice the amount of store closures from 2022, according to the National Retail Federation.
2023 also saw the closing of hundreds of Bed, Bath and Beyond stores after the major retailer filed for bankruptcy.
The retailer cited inflation as the primary reason for shutting down its in person stores, moving to an online only format.
The inflation rates from January 2023 to January 2024 increased by 3.1%, with food prices rising by 2.6%, as reported by the Bureau of Labor Statistics.
In response to the rising rate of inflation, many stores are raising prices or risk closing.
One Canadian supermarket, Loblaws, raised its food prices so dramatically that customers are staging a boycott for the whole month of May.
The Dollar Tree, a retailer known for everything in its stores being $1 or less, announced that it will be raising prices on certain items to as high as $7.
“This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7,” the company’s CEO, Rick Dreiling, said during an earnings call.
The last time the discount chain announced a price hike was in 2021 when prices on select items went from $1 to $1.25.
Aside from raising its prices, Dreiling also announced that over 1000 stores will most likely be closing in 2024.
Other major retailers such as Walgreens, Walmart, and JCPenney announced major closures this year.
Walmart announced store closures in California, Ohio, and Maryland–totaling to six closures so far this year.
For more news and updates like this, opt-in for push notifications.
Also Read: Retirees Will Now Receive More Money For Social Security
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors.
This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Frank Nez’s Stock Portfolio
Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?
Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.
11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.
Recommended For You ✨
About The Author
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.