A Discount Store with 8K Locations Makes An Unexpected Closure

June 28, 2024

A discount store with 8K locations makes an unexpected closure after several years of service to its community, sources report.

A Salvation Army thrift store is set to close next week in Binghamton, New York.

The Salvation Army on Griswold Street in Binghamton is closing next month, reports The-Sun.

The store will officially shut its doors on July 15.

It can no longer sustain itself financially according to reporting by local Fox affiliate WICZ.

The store has provided hundreds of thousands of items of clothing, home goods, and furniture to the residents.

The Salvation Army services will still remain available to those in need, per WICZ.

Liquidation sales of up to 25% off are being offered until closing.

The U.S. Sun reports that they have reached out to the Salvation Army on Griswold Street but the location did not have phone service.

A spokesperson from the Salvation Army Binghamton Adult Rehabilitation Center confirmed the July 15 closure.

Major Patricia Kurtz, administrator of the Salvation Army Adult Rehabilitation Center in Binghamton, released a statement on the closure, per WICZ.

“This is a heartbreaking decision for us at the Salvation Army to close a thrift store that has been such a critical part of the community for a long time,” said Kurtz.

“However, financially, we can no longer sustain the efforts at this location.

The Binghamton community has blessed us by embracing us for so long, and we thank them for their support over the years.”

Customers are expressing grief over the loss of their local thrift store.

“Sad. Just last week, got a Ralph Lauren sport jacket for $ 2.99,” said one shopper.

“All good things come to an end,” said another.

For more store closure 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

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

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.

Our readers can now donate $3 per month to support independent journalism.

For daily news and updates on your favorite stories, opt-in for push notifications.

Follow Frank Nez on X (Twitter), Instagram, or Facebook.

More Market News 📰