A Massive Grocery in Texas Now Closes Major Location

A massive grocery in Texas now closes a major location, disappointing several shoppers, a spokesperson has confirmed.

Randalls at Research Boulevard in Texas is set to shut down permanently by Saturday, February 10.

The closure will affect all its 76 employees, though the company’s management said they are trying to move the associates to other Randalls locations to avoid lay-offs.

Andy Rodriguez, vice president of human resources said: “In the event that we cannot place any associate, they would suffer an employment loss the day following the store closure.”

A spokesperson for Randalls confirmed the branch is being closed due to underperformance and a decreasing number of footfalls.

They also said the closure is unrelated to the company’s potential merger with Kroger, The-Sun reports.

“[The closure] is not related to the potential merger with Kroger, which is still subject to regulatory approval,” the spokesman said.

While the store is closing for good, local customers are unhappy with the decision.

Shoppers, who get their prescriptions filled at the Research Boulevard Randalls, will have to go to Mesa Drive instead, which is about an eight-minute drive from the location that is closing.

Upset shoppers flocked to Reddit to comment their thoughts.

One customer wrote: “This makes me sad.

“I love going to that Randalls, shopping in quiet and calm, never doing battle for a parking spot.

“I really liked the people who worked there – always very nice.”

Another user said: “I hate that there’s one less choice.

However, some Redditors suggested with the closing down of the store, Randalls will be offering goods at discounted prices.

One shopper wrote, “Randall’s on Research Blvd is going out of business 20% to 70% off.”

Another said, “I spent $130 yesterday on $250 worth of groceries, toiletries, cleaning products, etc.

“They’re open for a couple more weeks and then they’re closing. If you want a nice discount on grocery store items, I’d recommend coming by this place!”

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Also Read: SNAP Benefits Will Now Increase For The Year 2024

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Market News Today - A Massive Grocery in Texas Now Closes Major Location.
Market News Today – A Massive Grocery in Texas Now Closes Major Location.

A massive furniture company now lays off 1,650 employees, which represent approximately 13% of its global workforce.

Wayfair has laid off about 1,650 employees, the company said Friday.

The online home decor retailer said the cuts represent about 19% of its corporate team and 13% of its global workforce.

The move is expected to give the company more than $280 million in annualized cost savings.

About $150 million of that will come from cash compensation savings.

However, the restructuring will likely cost Wayfair approximately $70 million to $80 million in severance and benefits costs, most of which are anticipated to be incurred in the first quarter, reports RetailDive.

While CEO Niraj Shah in an open letter to employees pointed to “many things at the company that are going well,” including gaining share with customers and making progress to operate more efficiently, the retailer has faced challenges.

The company “went overboard” with hiring during the height of the pandemic, when the retailer’s annualized sales doubled to $18 billion from $9 billion as people spent more on their homes, Shah said.

This is Wayfair’s third round of restructuring since the summer of 2022.

The company laid off 870 employees in August of that year.

Last January, a whopping 1,750 people were also let go.

This time, Shah said they decided to err on the side of having too few people versus too many.

“Each time we used our best judgment, identified the cost target we needed to hit, and believed we were resizing to the right point,” Shah said Friday.

“In many ways, having too many great people is worse than having too few.

With too few, you get a lot done quickly, but you may not get everything done that you want.

But having too many causes inefficiency, coordination costs, and investments in lower-return activities.

That is what we have been experiencing and what we need to end.”

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Also Read: Massive Layoffs in Ohio Now Announced For 2024

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Market News Today - A Massive Grocery in Texas Now Closes Major Location.
Market News Today – A Massive Grocery in Texas Now Closes Major Location.

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