A Massive Retailer in Florida Now Closes Several Stores

A massive retailer in Florida now closes several stores after filing for Chapter 11 bankruptcy in September.

Soft Surroundings is currently undergoing liquidation sales and is closing more of its stores in Florida.

The company was founded in 1999 and opened its first store in 2005.

“The business grew to over 80 stores but experienced financial difficulties, closing twenty-five stories in 2021″, reports Ash Jurberg.

In September this year, the business sought protection from creditors in the U.S. Bankruptcy Court and filed for Chapter 11 bankruptcy.

Last week, a bankruptcy judge confirmed the women’s apparel retailer plan, including a $22.7 million sale of its e-commerce platform and a $400,000 settlement for its unsecured creditors.

According to reports, 65.4% of Soft Surrounding’s total sales come from online sales, and it will close all stores across the United States and focus on e-commerce.

This week, Gordon Brothers, the global asset experts, launched closing sales at all 43 Soft Surroundings retail store locations throughout the United States.

Below are the three stores in Florida that are still open and are running liquidation sales.

  • 23151 Fashion Dr., Suite 117, Estero, FL 33928
  • 140 University Town Center Dr., Suite 264, Sarasota, FL 34243
  • 998 Del Mar Drive, Suite 102, The Villages, FL 32159

Discounts between 20% and 50% on all items, including casual wear, shoes, and home products, specifically catering to women.

Everything is on sale, including new arrivals perfect for holiday parties and gift-giving.

“We encourage consumers to shop early to take advantage of the best selection of products and great savings throughout the stores while supplies last,” said Durien Sanchez, Managing Director, Retail at Gordon Brothers.

The discounts are only available in stores and not online.

Also Read: Florida Now Has Massive Departures As Reside

Other Economy News Today

Market News Today - A Massive Retailer in Florida Now Closes Several Stores.
Market News Today – A Massive Retailer in Florida Now Closes Several Stores.

A new wave of massive layoffs now hit Florida as more businesses announce upcoming job cuts for the new year.

Tyson Foods has announced a new round of layoffs in Jacksonville where hundreds of employees will lose their job.

Under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.

“The plant will close on January 8 and will be the eighth plant Tyson has closed since the beginning of 2023.

As a result of the closure, 219 staff will lose their jobs,” reports Ash Jurberg.

“We are making the difficult decision to close …We understand the impact of this decision on our team members.

We will make every effort to offer them opportunities to remain with the company at other locations and will partner with state and local officials to provide additional resources.

With a focus on optimizing our operational footprint, we are reallocating resources to operate as efficiently as possible while maintaining ample capacity to serve our customers, said Tyson Foods in a statement.

As part of the Company’s business strategy to operate more efficiently, Tyson Foods has determined that it must eliminate all jobs at its Jacksonville facility located at 5441 West 5th St, Jacksonville, Florida…

The last day of work is anticipated to occur on or about January 8th, 2024, at which time the facility will close on a permanent basis,” the company said.

For far in 2023, approximately 9,283 employees have been laid off in 2023 across 190 companies.

California remains the #1 state with the most layoffs in the country.

In second place is New York followed by Colorado, IllinoisTexasWashington, New Jersey, FloridaMichigan, and Georgia.

Also Read: More Massive Bank Branches in Florida Are Now Closing

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Market News Today - A Massive Retailer in Florida Now Closes Several Stores.
Market News Today – A Massive Retailer in Florida Now Closes Several Stores.

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