Skip to content
Join our newsletter for news & blogs on-the-go. Subscribe Here!
FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
Latest
Employees Stress Over More Amazon Layoffs in 2026
Regulators Are Now Avoiding Communication with Next Bridge on MMTLP
US Banks Now Receive Subpoenas Following a Massive Margin Call
Bank of America Branch Closures Now Surge Before Year Ends
JPMorgan Firm Now Barred by Regulator for Illegal Trading
Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Margin Call Forces Citadel Rival Into $15 Billion Loss
Home/Banking News/A Famous Clothing Company Now Begins Closure and Layoffs
Market News Today - A Famous Clothing Company Now Begins Closure and Layoffs

A Famous Clothing Company Now Begins Closure and Layoffs

By Frank Nez
April 19, 2024
2

A famous clothing company now begins closure and layoffs after tripling its warehouse footprint in the past three years.

Lululemon is planning to shut down its Washington distribution center after opening a sprawling new warehouse outside of Los Angeles, reports CNBC.

The athletic apparel retailer said some staff will be relocated to other warehouses, but a total of 128 employees will unfortunately be laid off.

Lululemon filed a WARN notice with the state’s Employment Security Department on Thursday, notifying it of its plans to close its distribution center in Sumner, located about 35 miles south of Seattle, and cut a total of 128 jobs.

Layoffs will begin on June 21, the WARN notice said.

The facility on the other hand is expected to close by the end of the year, according to a Lululemon spokesperson.

“As we continue to deliver on our growth strategy to meet the needs of our guests, we regularly evaluate our distribution network to help shape and support the future vision of our business.

Following a review of our current infrastructure and the evolution of our fulfillment strategy, which includes a multi-year investment to increase overall capacity and support our growth, we have made the decision to close one of our smaller distribution centers — located in Sumner, WA,” the spokesperson said.

“While some employees will be retained and will relocate to other facilities, including our recently opened distribution center in the greater Los Angeles area, the optimization will result in the reduction of just over 100 positions within the existing Sumner distribution center,” the person added.

“We are committed to supporting our impacted employees through this transition.”

The 150,000 square foot facility has a lease that expires in July 2025, according to company securities filings.

Lululemon first started operating a warehouse in Sumner in 2010, and it appears to be the first major distribution center the company opened in the U.S. after going public in 2007, according to securities filings.

The closure comes after Lululemon more than tripled its warehouse footprint in the past few years to accommodate its rapid growth.

For more news and updates like this, opt-in for push notifications.

Also Read: This Massive Mall Retailer Now Closes For Good

Other Economy News Today

Market News Today - A Famous Clothing Company Now Begins Closure and Layoffs.
Market News Today – A Famous Clothing Company Now Begins Closure and Layoffs.

A massive furniture store is now closing after 100 years in business with no plans to keep operations running, sources confirm.

Union Furniture Company first opened in 1912, four months after the sinking of the Titanic.

Despite shifts in ownership throughout the years, the Becker family was able to keep the store’s doors open in Macon, Georgia, just over 80 miles south of Atlanta, until recently.

Simon Becker, the grandson of the store founder and his namesake, told LOCAL CBS affiliate WMAZ that he has been with the company since 1984.

“I spent 40 years here,” Becker said.

“My father and my uncle before me, my grandfather before that.”

He revealed to the outlet that approximately nine months ago, he decided he would need to close the store.

“But I don’t have anybody following me, so it was going to happen either now or sometime in the relatively near future anyway,” Becker said.

For 112 years, the Union Furniture Company has sold couches, coffee tables, washers, and more.

Becker told the outlet that the store has had repeat customers that go back 20, 30, and even 40 years.

“We’ve had the grandchildren of people we’ve done business with, do business with,” he said.

He called the decision to close “difficult” and “very emotional”, reports The-Sun.

Becker is planning to host a closing sale at the Macon store starting on Wednesday, April 24.

Everything in store is set to be sold with discounts as high as 50% off.

Once everything is gone, Becker said the store will officially close.

He told the outlet that he and his family are grateful to the Macon community that has been their home for decades.

“So thankful to the community for everything that they’ve done for us and we’ve done for them as well,” he said.

“Providing furniture for generations of people in the Macon community.”

For more news and updates like this, opt-in for push notifications.

Also Read: Food Stamps: 4 Massive Changes Now Coming to SNAP

Market News Published Daily 📰

Market News Today - A Famous Clothing Company Now Begins Closure and Layoffs.
Market News Today – A Famous Clothing Company Now Begins Closure and Layoffs.

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.

More Market News 📰

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.

View Stock Portfolio

Recommended For You ✨

  • Wells Fargo is Now Freezing Bank Accounts in New Scandal
  • SNAP Benefits Will Now Increase For The Year 2024
  • A US Bank is Now Denying Customers Access to Money
  • The US Treasury Direct is Now Freezing Customer Accounts
  • Florida Now Has Massive Departures As Hundreds of Thousands Leave
  • A Massive US Bank is Now Closing Credit Cards


Tags:

Business NewsFinance NewsInvesting NewsJPMorganMarket NewsStock Market News
Author

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.

Follow Me
Other Articles
Market News Today - A Massive Furniture Store Is Now Closing After 100 Years
Previous

A Massive Furniture Store Is Now Closing After 100 Years

Market News Today - A Cancer Treatment Company Now Announces Unexpected Layoffs
Next

A Cancer Treatment Company Now Announces Unexpected Layoffs

2 Comments
  1. Frank Nez says:
    April 19, 2024 at 11:41 pm

    Leave your thoughts below.

    Log in to Reply
  2. Frank Nez says:
    April 19, 2024 at 11:41 pm

    For more news and updates like this, opt-in for push notifications.

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

NEW POSTS

  • Amazon Layoffs 2026
    Employees Stress Over More Amazon Layoffs in 2026
  • Regulators Are Now Avoiding Communication with Next Bridge on MMTLP
    Regulators Are Now Avoiding Communication with Next Bridge on MMTLP
  • US Banks Now Receive Subpoenas Following a Massive Margin Call
    US Banks Now Receive Subpoenas Following a Massive Margin Call
  • Vantage Data Centers
    75% of Americans Are Now Opposing The New Development of Data Centers
  • Bank of America Branch Closures Now Surge Before Year Ends
    Bank of America Branch Closures Now Surge Before Year Ends
Unlock your personal brand ebook

Trending Market News 📈

US Banks Now Receive Subpoenas Following a Massive Margin Call

US Banks Now Receive Subpoenas Following a Massive Margin Call

Frank Nez
By Frank Nez
August 26, 2026
JPMorgan Firm Barred by regulator for illegal trading

JPMorgan Firm Now Barred by Regulator for Illegal Trading

Frank Nez
By Frank Nez
August 24, 2026
Investors now press Trump on MMTLP scandal - MMTLP news

Investors Now Press Trump on The MMTLP Scandal: What’s Next?

Frank Nez
By Frank Nez
August 22, 2026
The ASSET Act allows banks and credit unions to freeze bank accounts

Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law

Frank Nez
By Frank Nez
August 22, 2026
Jane Street $15 Billion Loss

Margin Call Forces Citadel Rival Into $15 Billion Loss

Frank Nez
By Frank Nez
August 18, 2026
Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses

Gen Z And Millennials Are Now Choosing Stocks Over Houses

Frank Nez
By Frank Nez
August 9, 2026
Will AMC Stock go up?

3 New Signs AMC Stock Will Continue to Skyrocket

Frank Nez
By Frank Nez
July 20, 2026
Market Manipulation News - Andrew Left

Famous Short Seller Said Market Manipulation Was Like “Taking Candy From a Baby”

Frank Nez
By Frank Nez
June 8, 2026
Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Frank Nez
By Frank Nez
August 5, 2025
Citadel Securities Is Now Warning The SEC About Using Blockchain

Citadel Securities Is Now Warning The SEC About Using Blockchain

Frank Nez
By Frank Nez
July 22, 2025

About

FrankNez is a leading journalism & independent media platform that thrives on community. Read the latest in U.S. Economy, Banking, Markets, and more.

Email: contact@franknezmedia.com

Contact: media@franknez.com

Recent Posts

  • Employees Stress Over More Amazon Layoffs in 2026
  • Regulators Are Now Avoiding Communication with Next Bridge on MMTLP
  • US Banks Now Receive Subpoenas Following a Massive Margin Call
  • Bank of America Branch Closures Now Surge Before Year Ends
  • JPMorgan Firm Now Barred by Regulator for Illegal Trading

Mentioned By

Yahoo Finance - FrankNez

Company

Privacy Policy

Editorial Policy

About FrankNez

Copyright 2026 — FrankNez. All rights reserved.