A Massive Grocery Chain is Now Making Closures in Georgia

A massive grocery chain is now making closures in Georgia, leaving shoppers to explore other outlets and travel further for essentials.

Walmart has announced it is set to close two more locations in the state of Georgia on July 12.

The affected locations are the Walmart on Ashford Dunwoody Road in Dunwoody and the Neighborhood Market on Roswell Road in Marietta.

The Georgia stores were informed of the impending closures on June 14.

A total of 295 employees at the Dunwoody store will be affected as well as the 92 workers in Marietta.

The two locations are being shuttered due to underperformance.

“This decision was not made lightly and was reached only after a careful and thoughtful review process,” Walmart shared in a press release.

“We have nearly 5,000 stores across the U.S., and unfortunately, some do not meet our financial expectations.

While our underlying business is strong, this store hasn’t performed as well as we hoped.”

News of the two shutters comes amid a string of Walmart closures.

Walmarts in Milwaukee, Wisconsin, and Fremont, California shut their doors last month, while a location in Aurora, Colorado closed earlier this month, reports The-Sun.

Also, weeks before the Georgia closures, Walmart closed all 51 of its US health centers and virtual care services.

Launched in 2019, the centers were “not a sustainable business model for us to continue,” according to the company.

In the wake of news of the Georgia shutters and concerns from community members, Mayor Lynn Deutsch of Dunwoody spoke out.

The mayor posted a statement to her official Facebook page expressing dismay.

“I am surprised and disappointed that Wal-Mart has announced that the Ashford-Dunwoody store is closing,” she wrote earlier this month.

She proceeded to express worry for the Walmart workers, writing “We are concerned for the employees, some of whom have been there for a long time.”

The closures also pose a challenge for residents who rely on the two Walmarts for groceries.

They’ll now be forced to travel farther to shop at the closest Walmart or will need to shop elsewhere.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

Market News Today - A Massive Grocery Chain is Now Making Closures in Georgia.
Market News Today – A Massive Grocery Chain is Now Making Closures in Georgia.

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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Market News Today - A Massive Grocery Chain is Now Making Closures in Georgia.
Market News Today – A Massive Grocery Chain is Now Making Closures in Georgia.

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