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US Banks Now Receive Subpoenas Following a Massive Margin Call
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Home/Banking News/A Popular Pizza Chain Now Makes Unexpected Store Closures
Market News Today - A Popular Pizza Chain Now Makes Unexpected Store Closures

A Popular Pizza Chain Now Makes Unexpected Store Closures

By Frank Nez
January 16, 2024
2

A popular pizza chain now makes unexpected store closures in California leaving customers in the dark as to what’s happening.

Pieology Pizzeria has announced its second permanent store closure.

The pizza chain has more than 100 locations nationwide and is popular with fans who love to build and customize their pies.

Two locations in Sacramento, California have closed, per The Sacramento Bee.

One of the stores was located in The UV shopping district, which is home to outlets such as Starbucks and Safeway.

The options for delivery or takeouts’ are not available at the outlet, per the Pieology website.

And, the other downtown location has been permanently closed, according to Google.

It’s set to be replaced by a Burmese restaurant, The Sacramento Business Journal.

Pieology, which was founded in 2011, has more than 100 locations across the US.

The Sacramento area is home to another five Pieology stores – despite the closures.

The chain has establishments in several states including North Carolina, Georgia, Florida, Connecticut, Nevada, and Utah.

In May 2023, a Pieology restaurant in Fayetteville, Arkansas closed its doors for good, per The Fayetteville Flyer.

Signage was removed from the front of the eatery as it was closed down.

However, Pieology is not the only chain that has announced restaurant closures.

Chiefs at TJ Fridays announced that 36 underperforming restaurants across 12 states will close.

The closures are part of the company’s growth plans.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” Ray Risley, US president and chief operating officer, said.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

Market News Today - A Popular Pizza Chain Now Makes Unexpected Store Closures.
Market News Today – A Popular Pizza Chain Now Makes Unexpected Store Closures.

A massive retailer is now closing stores inside Target, part of a plan to reduce its density after already shuttering several locations.

CVS said this week that it plans to close some pharmacies that are located inside Target stores.

The pharmacy closures will begin in February and be completed by the end of April, a CVS spokesperson confirmed to Retail Dive. 

The closures are part of CVS’ plan to realign its national retail footprint and reduce store and pharmacy density.

Employees affected by the Target store-in-store closures will be offered comparable roles within the company.

Unfortunately, CVS declined to identify the locations slated for closure.

However, the pharmacy retailer did state that it has about 1,800 locations inside Target stores.

Prescriptions at closing locations will be transferred to a nearby CVS Pharmacy, the company said. 

CVS acquired Target’s pharmacy business in 2015.

The deal was worth a whopping $1.9 billion, The Wall Street Journal reported.

The partnership was “a significant shift” in Target’s business model, CEO Brian Cornell said in a blog post at that time.

Rather than invest its own resources into in-store healthcare, the company instead chose to rely on “an expert partner” which gave Target the bandwidth to focus on growing its overall wellness business, the company said.

“The closures are part of our plan to realign our national retail footprint and reduce store and pharmacy density and are based on our evaluation of changes in population, consumer buying patterns and future health needs to ensure we have the right pharmacy format in the right locations for patients,” CVS spokesperson Amy Thibault said in an email.

This is a developing story — for more news and updates like this, opt-in for push notifications.

Also Read: SNAP Benefits Will Now Increase For The Year 2024

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Market News Today - A Popular Pizza Chain Now Makes Unexpected Store Closures.
Market News Today – A Popular Pizza Chain Now Makes Unexpected Store Closures.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    January 16, 2024 at 5:46 pm

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  2. Frank Nez says:
    January 16, 2024 at 5:46 pm

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