A Massive Grocery Store Will Now Close All Locations

A massive grocery store will now close all locations for one day in just weeks, meaning shoppers will have to be redirected.

Costco has announced that it will be closing down nationwide on March 31 for Easter Sunday.

The retailer closes its doors for just seven days each year and Easter Sunday is one of those, according to the company’s website.

This would mean customers must complete their bulk shopping on Saturday, March 30 to avoid disappointment, reports The-Sun.

Costco Warehouses will not close earlier on Easter Saturday and will operate their typical opening hours.

All stores will reopen as usual on Monday, April 1.

Other holidays that see the stores shut are New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas.

These holidays give employees a day off and a chance to celebrate with family and friends.

The retailer has over 600 warehouses across the country as of February 2024, according to ScrapeHero.

Other Costco policies have stirred up a conversation among some of its customers.

The U.S. Sun previously reported how Costco will toughen its food court access and require customers to have a membership to access this part of the store as well.

A Costco customer took to Reddit and criticized other customers who were not willing to pay for a membership.

“Unpopular opinion: I agree with Costco only letting people with memberships in the food court,” posted a user.

This take sparked a thread of other customers’ opinions and takes on this change.

“Those and the people who are weirdly cheap and will gladly spend hundreds at Costco but absolutely will not shell out for the membership,” another Redditor said.

“It’s a really weird hill that they want to die on, but goddamn do they want to die on it.”

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Also Read: A Massive Mall Retailer Is Now Closing in California

Other Economy News Today

Market News Today - A Massive Grocery Store Will Now Close All Locations.
Market News Today – A Massive Grocery Store Will Now Close All Locations.

A massive beauty company now begins to liquidate and effectively ceasing all operations in the US, sources have confirmed.

The Body Shop’s US operation has been led into liquidation as its UK parent now takes its cash, reports Retail Dive.

The US subsidiary ceased operating as of March 1, and told a bankruptcy court it didn’t get advance notice of its British owner’s restructuring.

Of the 66 total locations in the United States, seven were in New York—the second-most of any state.

The Body Shop International Limited filed for administration under U.K. insolvency laws “with no advance notice to, or pre-filing discussion with” its wholly-owned U.S. subsidiary, per the filings.

Moreover, the companies’ business arrangement included a centralized money management system where the U.S. operation’s cash “was swept on a daily basis” to a concentrated account, then advanced back to fund U.S. expenses.

But the U.K.-based parent, having taken in all the U.S. cash prior to filing for administration, has held onto it since, “thereby preventing the [U.S.] Company from paying its vendors and satisfying other obligations,” per the filing.

In an unfortunate event, it has led to a Chapter 7 filing, the company said.

The U.S. operation has assets of between $50 million and $100 million, and liabilities of between $10 million and $50 million, according to court documents.

Previously, in a press release detailing its intention to file for bankruptcy in Canada, The Body Shop Canada Limited stated that, effective March 1, “The Body Shop US Limited has ceased operations.”

Unlike the situation in the U.S., however, The Body Shop Canada is open for business as it “evaluates its strategic alternatives and implements certain restructuring initiatives,” though its website is down and 33 of its 105 stores have been slated to close.

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Also Read: Another Business Now Announces Unexpected Layoffs in Kentucky

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Market News Today - A Massive Grocery Store Will Now Close All Locations.
Market News Today – A Massive Grocery Store Will Now Close All Locations.

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