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Home/Banking News/An Unexpected Restaurant Chain Now Closes All Locations in Pennsylvania
Market News Today - An Unexpected Restaurant Chain Now Closes All Locations in Pennsylvania

An Unexpected Restaurant Chain Now Closes All Locations in Pennsylvania

By Frank Nez
July 13, 2024
2

An unexpected restaurant chain now closes all locations in Pennsylvania due to increasing cost of goods and declining sales.

Frisco’s Chicken in Lancaster County, Pennsylvania, has confirmed that all four of their locations will be sadly closing for good.

The restaurant chain has locations in Lancaster, Mount Joy, and Lititz with its first location opening four years ago.

“Today is a very sad day for our Frisco’s Chick family and we have to close our doors,” a notice posted on the door of the restaurants told customers on Friday.

The Peruvian-style eatery said the closures are the result of “the ever-increasing cost of goods and a steep decline in sales.”

These factors have “made it impossible to continue serving you,” the note explained.

“My heart is broken, about my staff, about my family, and you, our beloved customers,” Francisco Gomez De La Torre, the owner of Frisco’s wrote.

De La Torre confirmed in a Facebook post that the restaurants will remain open until all of the stock has gone thanks to the efforts of staff.

“Although we have elected to close, a group of our team has refused to stop working and will be selling through our inventory until it is gone at our Lancaster and Mount Joy locations,” Gomez said.

He added that all sales from this leftover inventory will be cash only with all money going to staff.

“We cannot thank you all for the love and support along our journey,” he said, noting that he has a “heavy heart” about the permanent closures.

Fans of the chain were left stunned by the news, sharing their shock in the comments below the Facebook post.

One was so gutted by the news they appealed to others for help.

“I can’t believe how it is possible that a place with such good food, such good service, and extraordinary values could have this happen to it,” they wrote in the comments.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

Market News Today - An Unexpected Restaurant Chain Now Closes All Locations in Pennsylvania.
Market News Today – An Unexpected Restaurant Chain Now Closes All Locations in Pennsylvania.

A beloved grocery chain now confirms unexpected closures across the Northeast taking place by the end of the year.

Grocery chain Stop & Shop has announced that a total of 32 underperforming locations will shutter in the U.S.

The company said the select stores across the Northeast will be closed before the end of the year.

Stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island will close by November 2.

In May, the company announced the coming store closures.

“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” company president Gordon Reid said, per a July 12 press release.

The company’s president added that the closures were essential “to create a healthy base for the future growth of our brand.”

Fortunately, employees will be offered other positions within the company, according to a press release.

The grocery outlet first opened in 2014 and currently has around 400 stores and 60,000 employees, per Fox affiliate KRLD.

Stop & Shop is owned by Ahold Delhaize which also owns Food Lion, Giant Food, and Hannaford.

Which grocery stores are closing?

In New Jersey, 10 locations will close, while only seven will close in New York.

Rhode Island will see two closures and Massachusetts, the home of the first location, will be closing eight.

Five stores will also be closing in Connecticut.

As other chains such as Walmart and Amazon join the grocery business, it has pushed traditional grocery stores out of view, reports The-Sun.

Stop & Shop hopes the closure of underperforming stores will create “future growth” for the company.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - An Unexpected Restaurant Chain Now Closes All Locations in Pennsylvania.
Market News Today – An Unexpected Restaurant Chain Now Closes All Locations in Pennsylvania.

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Frank Nez

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 publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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2 Comments
  1. Frank Nez says:
    July 13, 2024 at 8:25 pm

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  2. Frank Nez says:
    July 13, 2024 at 8:25 pm

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