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Home/Banking News/A Famous Donut Shop with 100 Stores Now Closes
Market News Today - A Famous Donut Shop with 100 Stores Now Closes

A Famous Donut Shop with 100 Stores Now Closes

By Frank Nez
April 19, 2024
2

A famous donut shop with 100 stores now closes a major location, leaving customers mourning the loss on Facebook.

Duck Donuts is set to close its location in Tallahassee, Florida on April 21, reports The US Sun.

The first and only Duck Donuts shop in Tallahassee, Florida is heading for closure less than a year after its opening.

The 1,500-square-foot shop opened on June 24 last year in Capital Plaza along Thomasville Road in place of a dance studio.

The donut destination made the sad announcement via a post on Facebook.

“It is with heavy hearts we are announcing the closing of our store.

Sunday, April 21 will be our last day open.

Please stop in, wish our hard working staff well, and of course, enjoy our tasty creations while you can.

Tallahassee, you have been a joy to serve.”

Shop owner Timothy McGrew, a Florida State University graduate and Army veteran, said the location’s revenue was insufficient to support continued operation, per local ABC affiliate WTXL.

The franchisee ran the shop with his wife, Renee, offering customers made-to-order donuts, breakfast sandwiches, milkshakes, coffee, and more.

Duck Donuts was created in 2007 in the Outer Banks of North Carolina by founder Russ DiGilio.

The company has over 125 locations in the US and around the world.

The nearest Duck Donuts to Tallahassee is in Jacksonville – around 160 miles.

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

Other Economy News Today

Market News Today - A Famous Donut Shop with 100 Stores Now Closes.
Market News Today – A Famous Donut Shop with 100 Stores Now Closes.

Another massive grocery chain now confirms it is closing its doors for good at one of its prominent locations next month.

The shuttering Shop ‘n Save store in Lawrenceville, Pittsburgh, will close on May 13 and will be replaced by Aldi, it has been confirmed.

A statement released by the company with over 70 outlets revealed that the closure comes following an agreement between it and the landlord as its lease comes to an end.

Shop ‘n Save will be replaced by Aldi, a spokesperson confirmed when speaking to WTAE News.

However, a timeline for the opening is not yet known.

Employees at the location have been urged by Shop ‘n Save to apply for jobs at other branches nearby.

Lori Moran, the vice president of Ballmoney Real Estate Services, the company that owns the Lawrenceville Shopping Center confirmed the closure in the following prepared statement.

“The Lawrenceville Shopping Center will continue to serve the many retail and service needs of Lawrenceville and surrounding communities and, with the subdivision of the Shop’n Save space, will add more jobs and another 21,000 square feet (as yet undetermined) retail user to the current mix, which includes fitness, veterinary, salon, staffing and variety stores.

The current owner of the Shop’n Save has been a terrific operator since taking over in 2018,” she added.

“And would have continued to serve our neighborhood for many years to come.”

Moran described its leaving as a “dynamic opportunity” for a new grocer to take its space in what is a “win/win situation for everyone involved, including the neighborhood.”

While the closure is due to the end of the lease, the store has recently been the subject of numerous health alerts, reports The-Sun.

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Also Read: This Massive Mall Retailer Now Closes For Good

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Market News Today - A Famous Donut Shop with 100 Stores Now Closes.
Market News Today – A Famous Donut Shop with 100 Stores Now Closes.

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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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Another Massive Grocery Chain Now Confirms It Is Closing

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A Restaurant Now Makes An Unexpected Closure in South Carolina

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  1. Frank Nez says:
    April 19, 2024 at 8:17 pm

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  2. Frank Nez says:
    April 19, 2024 at 8:16 pm

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