A Massive Grocery Store With 165 Locations Now Closes

A massive grocery store with 165 locations now closes a major spot for good after 60 years of being a provider for the community.

Giant Food which was established in 1936, has announced the closure of one of its oldest stores located in Arlington, Virginia, reports The-Sun.

The store situated in the Lyon Village Shopping Center has been there for over 60 years but will close its doors for good on Thursday, February 29.

However, customers will have other options to turn to including the retailer’s online pick-up and delivery service.

“In the normal course of evaluating our business and local trade areas, we determined that we can adequately serve this community through several other nearby Giant Food locations, as well as our online services, Giant Pickup and delivery,” Giant told ARLnow.

“While closing this location, we remain committed to meeting the needs of our customers and providing them the best service.”

All employees from the shuttering store are being offered positions at other Giant locations, the company said.

Those who are regular customers of the store at the Lyon Village Shopping Center will have to travel about a mile to the next Giant Food store in Virginia Square, the outlet reports.

Despite this, one regular customer has said that the news of the impending closure “sucks” because of the other retailers at the shopping village that she would visit when going to the grocery store.

“That sucks. It’s my favorite store because of having the Italian Store there,” the customer said underneath news of the closure.

With 164 stores remaining after the closure at the end of the month, customers will still be able to make use of the retailer’s offerings.

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Also Read: A Famous Restaurant Chain Now Closes 4 Locations in Florida

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Market News Today - A Massive Grocery Store With 165 Locations Now Closes.
Market News Today – A Massive Grocery Store With 165 Locations Now Closes.

A cosmetics company now makes painful store closures, affecting nearly 50% of all locations, while simultaneously cutting jobs.

The Body Shop’s administrators have announced a restructuring plan for the retailer’s UK business.

Seven of the retailer’s 198 UK stores will close immediately, and future closures will leave “more than half” the current count operating.

Additionally, the Joint Administrators plan to cut headquarters staff by approximately 40%, aiming for a future headcount of more than 400 full-time employees.

According to a press release, “Stabilizing and strengthening the central core will also support The Body Shop’s international strategy, with Global Head Franchise Partners and wholesale partners in Asia, Middle East and Europe a cornerstone of future success.”

The UK arm of the The Body Shop has entered administration, the British version of bankruptcy protection, according to Reuters and other media reports, but it will continue to operate online and via its 199 UK brick-and-mortar stores for the time being.

Private equity firm Aurelius Group purchased the retailer from Natura &Co in November 2023 for nearly $258 million.

Now, FRP Advisory has been brought in to manage the restructuring process, per Retail Touch Points.

Originally founded in 1976 by Dame Anita Roddick, The Body Shop was known for its ethically sourced natural ingredients and refillable packaging.

Founder Roddick also was a vocal activist for environmental causes, beginning in 1986 with her support for Greenpeace’s Save the Whales campaign.

In 2006 Roddick sold the company to cosmetics giant L’Oréal, which sold it again to Natura &Co in 2017.

Worldwide, the company operates approximately 3,000 stores in 70 countries.

“The Body Shop has faced an extended period of financial challenges under past owners, coinciding with a difficult trading environment for the wider retail sector,” according to a quote from FRP in the Reuters article.

FRP also noted that “the Joint Administrators will now consider all options to find a way forward for the business and will update creditors and employees in due course.”

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Also Read: Another Popular Restaurant Now Declares An Unexpected Bankruptcy

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Market News Today - A Massive Grocery Store With 165 Locations Now Closes.
Market News Today – A Massive Grocery Store With 165 Locations Now Closes.

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