A Massive Tech Retailer Now Begins Closures After 16 Years

A massive tech retailer now begins closures after 16 years and are doing everything possible to help impacted workers.

A Best Buy store is set to close its doors after more than a decade of business.

The retailer in Kansas City, Missouri, is scheduled to close its doors on Saturday, March 2nd.

It had served the local area for 16 years, per The Kansas City Star.

“We’re doing everything we can to help all employees find positions at other nearby stores or within Best Buy,” a spokesperson told the outlet.

The Kansas City location is not the only Best Buy store that will be closing in the coming weeks.

The chain’s Apple Valley, Minnesota, site will also close on the same day.

A sign from inside the store says, “It’s not goodbye, it’s see you around.”

Best Buy shoppers can find other stores nearby by scanning a QR code as well as taking advantage of online services.

The company announced in March last year that it would close between 20 and 30 stores.

Chiefs also revealed plans to remodel eight stores and open 10 new outlets, per Retail Dive.

The U.S. Sun recently reported that a Best Buy store in Stafford, Virginia, has closed its doors too.

Shoppers in the area can access two outlets in Fredericksburg and Woodbridge – located around 20 minutes away from the closed-down store.

Best Buy has been a constant in the American retail scene since the company was founded in August 1966.

The chain has more than 1,000 stores located across the country.

More than 140 are located in California, 100 in Texas, and over 40 in Illinois, per the chain’s store directory.

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Also Read: A New Wave of Unexpected Layoffs Now Hits California

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Market News Today - A Massive Tech Retailer Now Begins Closures After 16 Years.
Market News Today – A Massive Tech Retailer Now Begins Closures After 16 Years.

A massive company is now cutting jobs in three more states to match its network capacity with delivery demand.

UPS has announced that it will now be laying off employees at its Connecticut, Maryland, and Oregon locations.

The company is closing its twilight and night sorts at its hub in Windsor, Connecticut, on April 2 due to reduced volumes, which will impact 118 employees, according to a Worker Adjustment and Retraining Notification (WARN) Act letter.

“This action is expected to be permanent due to the lack of available work at this location moving forward,” the notice said, adding that UPS will offer work to affected employees if other positions become available.

UPS will also eliminate day sortation shifts at its Halethorpe, Maryland, facility and its Portland, Oregon, hub, spokesperson Jim Mayer said in an email to Supply Chain Dive.

The Halethorpe sort closure will occur on March 26 and affect 118 employees, according to a WARN post.

And the Portland hub will close its day sort on March 28, Meyer said, but he did not say how many employees will be laid off as a result.

The planned closures add to sortation shift cuts UPS is making in Louisville, Kentucky, and Indianapolis, Indiana.

UPS has weathered volume declines over the past several quarters, and it is laying off workers and trimming labor hours to match its network capacity with current demand levels.

The company plans to cut roughly 12,000 jobs this year, primarily in management and contracted positions.

“We often evaluate our operations and flex our network to meet volume demands,” Mayer said.

“This allows us to continue delivering industry-leading service while also maintaining competitive prices.”

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Also Read: A Home Furniture Retailer Now Files For Unexpected Bankruptcy

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Market News Today - A Massive Tech Retailer Now Begins Closures After 16 Years.
Market News Today – A Massive Tech Retailer Now Begins Closures After 16 Years.

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