A Massive Clothing Retailer Is Now Closing in Alabama
A massive clothing retailer is now closing in Alabama this September according to a spokesperson from the company.
JCPenney has announced the upcoming closure of its location at the Shoppes at Bel Air Mall in Mobile.
A sign at the store’s entrance confirmed the upcoming closure.
The Mobile outlet will officially close its doors on September 22nd, according to a JCPenney spokesperson.
The store, located at Shoppes at Bel Air, was an anchor and part of an expansion of the mall in 1974 that made it the largest in the state, until the construction of the Riverchase Galleria.
“Regretfully, we are unable to continue our current lease terms for this store location and have been unable to find another suitable location in the market.
We are grateful to our dedicated associates and the loyal customers who have shopped at our Mobile location throughout the years,” the spokesman said.
JCPenney locations remain in Alabaster, Dothan, Fultondale, Hoover, Montgomery, Oxford, Prattville, Tuscaloosa and Trussville, according to its corporate website.
JCPenney closed some 170 locations in 2020 following what it called a “comprehensive review of the JCPenney retail footprint.”
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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
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Well I hate to see any business close anywhere and for any reason. I know in the current political climate especially here in a Southern Redneck Bubba-State the first person blamed would be Joe Biden but just as any president does not control the prices of food neither do they control rental prices.
Alabama the richly Red state that claims to be so business and family friendly can however do a lot to have helped J.C. Penny and continue helping individual and commercial renters. Currently in Alabama there is no rent cap law on the books and the Republican controlled vaccum does not want one. I have an acquaintance who’s rent was increased by $200.00 a month, 40% in a quaint little town in Alabama named Florence. In my own case I was faced with a rental increase demand of 16% some $83.00 per month.
Here’s a little truth that I’m sure all Alabamians should be proud of a current listing of all US states that do not have Rental Increase Caps in place and/or who specifically prohibit Rent Caps being put in places: And of course Alabama is #1 on the list. Rent Increase caps vary from state to state but anything is much better than nothing.
In states with rent increase caps, the cap top is usually between 8.6% and 10% per year. Some states with such caps may also allow Landlords to increase twice a year to help them stay in line with costs of doing business but they are still mandated to remain under the rent increase allowance.
Oh don’t hold your breath Alabama Key “Granny” Ivey will never take such a measure as protecting individual and commercial tenants from unscrupulous Landlords, it makes too much sense.
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