A Massive Department Store Now Makes An Unexpected Closure

A massive department store now makes an unexpected closure at one of its major Ohio locations, which is set to shutter in just weeks.

The Dillard’s located in the Eastwood Mall in Niles, around 60 miles east of Cleveland, was the company’s final branch in the Mahoning Valley.

A spokesperson for the mall’s owner, Cafaro Company, said the exact date of the closure has not been decided but it is expected to be at the end of July, according to the Tribune Chronicle.

This means shoppers will have until this summer to enjoy the department store and buy their favorite pieces in person, reports The US Sun.

Shoppers looking to visit the department store after this closure could go to the next nearest location in Akron, Ohio, around 50 miles west of Niles.

“Their lease was coming to an end, and we’re sad to see a longtime tenant of the mall leave,” Cafaro Company spokesperson Joe Bell said.

Bell confirmed that the space was not going to be left empty for very long.

The soon-to-close Dillard’s will be replaced by Dave & Buster’s.

The Texas-based entertainment and restaurant chain will bring arcade games and a new food section to the mall.

“Times change and needs change, so our team started talking about the best way to develop that space,” Spokesperson Bell said.

“Dave & Buster’s was the best way to start.”

The entertainment chain however will only take over 32,000 square feet of the 116,000 square feet Dillard’s had occupied.

This means more retailers could enter the mall in the near future.

“You can certainly envision it being subdivided for a number of businesses, but it also could be one large business, an entertainment concept of some sort, another large retailer,” Bell said.

“I think there have been multiple discussions with a whole variety of businesses.”

Dillard’s, Inc. is an upscale American department store chain with approximately 282 stores in 29 states and headquartered in Little Rock, Arkansas.

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Also Read: Famous Retailer Is Now Laying Off 614 People in California

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Market News Today - A Massive Department Store Now Makes An Unexpected Closure.
Market News Today – A Massive Department Store Now Makes An Unexpected Closure.

A food delivery service is now at high risk of bankruptcy after its business model failed to keep up with its innovative competitors.

Back when it was known as Waitr, the company that later became ASAP became a fast success in the food-delivery space.

The company, which listed on Nasdaq in 2018, offered delivery services in 500 cities across 22 states.

Rebranded as ASAP, the company fell out of compliance with Nasdaq, and despite a short-term covid lockdown comeback, it has struggled for years, reports TheStreet.

Now, the company has officially closed its doors.

Visitors to ASAP’s homepage are greeted with a letter that’s headlined “Goodbye for now.”

“With a heavy heart, we share the news of the closure of our delivery and carryout business,” the company posted.

“After years of dedicated service, we’ve made the tough decision to cease operations.

We write to you today filled with gratitude for your unwavering support and loyalty throughout our journey.”

The former Waitr adopted the ASAP name in 2022 to signal a change in its business model.

“ASAP’s new vision is delivering to consumers, same day, from any type of business,” the company said at the time.

“In preparation for the rebrand, the company accelerated the expansion of its services in recent weeks, signing agreements to launch delivery of a wide variety of items such as alcohol, sporting goods, luxury apparel, auto and electrical parts, and other need it now products.”

Uber, DoorDash and others have also experimented with the model, but it’s also a crowded space with Instacart as the established leader.

It was not a success for ASAP, which on April 1 filed an 8-K with the Securities and Exchange Commission detailing its shutdown and potential next steps.

“On the evening of March 29, 2024, the online ordering services segment of Waitr Holdings Inc. which includes operations related to the company’s technology platform for online ordering, ceased operations with respect to carryout services,” according to the post.

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Also Read: A Massive Essential Retailer Is Now Closing 160 Locations

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Market News Today - A Massive Department Store Now Makes An Unexpected Closure.
Market News Today – A Massive Department Store Now Makes An Unexpected Closure.

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