A massive retailer now closes all stores after 100 years in business with employees stating the news came out of nowhere.
Popular and beloved music store Sam Ash announced in March that it would close 18 of its 44 branches, according to Guitar.com.
An employee, at the time, in the company’s famous Clearwater, Florida, store said the news “literally came out of nowhere,” according to Patch.
Workers reportedly put up signs for in-store sales in March.
The member of staff said they were unaware of the timeline for the closure.
New reports online, from members of staff, have suggested they were told all 44 stores were now set to shut, per The US Sun.
However, Sam Ash has not yet confirmed these reports.
These reports suggest the company, founded in 1924, could vanish unless a buyer is found.
The 100-year-old company was known as a spot where people could buy a range of instruments like guitars and drums or other equipment like speakers and microphones.
Social media reports from employees have suggested the leadership team at Sam Ash was aware of the planned closures.
The family-owned business lost its COO Sammy Ash in September 2023 to cancer.
Ash family involvement in the business has still been strong as the company’s president and CEO, since 1995, is Richard Ash.
Fans of the store shared their thoughts on the reports in the comments of a social media post.
“That’s just a shame,” one person said.
“The use to be the best,” another commenter wrote.
For more news and updates like this, opt-in for push notifications.
Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing
Other Economy News Today
A popular Italian restaurant now announces an unexpected closure after nine years in business, according to an email sent to customers.
Italian Eatery, located in south Minneapolis, Minnesota, told its long-time customers that it planned to shut its doors.
The beloved restaurant, also known as ie, also plans to close its sister restaurant un dito, known for its Sicilian seaside street food, per The US Sun.
They have not announced a closing date but are expected to close between late May and mid-June, according to Bring Me The News.
“As we prepare to close our doors at ie and un dito, we’d like to extend a heartfelt invitation for you to join us for our final months of service,” an email to customers from Carrara $ Co. read.
“Gather with us at the table and let us reminisce over the incredible memories we’ve created together and cherish the moments shared over the past nine years.”
Italian Eatery has been a popular spot since its opening in 2016 and is known for its full-service drinks and dining near Lake Nokomis.
Un dito is a 400-square-foot space that specializes in sips and snacks or afternoon gatherings like you would see in Italy, according to its website.
The restaurant’s “Last Supper” reservations will be released every week and shared in weekly newsletters, according to its website.
“As always, we will continue to reserve walk-in tables at both ie + un dito for our beloved neighborhood,” the announcement read, according to the outlet.
Carrara & Co. also owns due, a focacceria and Italian market in St. Paul, Minnesota that the company calls “Italian Eatery’s spawn, aka quirky little brother,” according to its website.
Despite the Minneapolis closures, due will remain open.
“I’m pleased to inform you that all other Carrara & Co operations remain unaffected, including Due Focacceria, and we are even expanding our services,” according to a statement, reported by NBC affiliate KARE.
For more news and updates like this, opt-in for push notifications.
Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors.
This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Frank Nez’s Stock Portfolio
Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?
Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.
11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.
Recommended For You ✨
About The Author
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.