A popular store now closes in Illinois after 25 years according to the company’s latest social media post.
Barnes & Nobles has announced its latest book store closure in Illinois after a solid 25 years.
“We’ve found a new home! We must leave this store, and the new bookstore will be located a short distance away at the Prairie Market Shopping Center (2590 US Highway 34, Oswego, IL 60543), next to Best Buy and Near Ulta Beauty and Kohl’s,” the company said in a statement.
“The new location offer us a huge opportunity to feature our highly lauded new store design.
Our shelves will be stocked with all the bestsellers and hidden gems you know and love – our world-class book selection, the best toys and games, expansive vinyl collection, and more.
We can’t wait for you to see our unique new design features and updates B& N Café.
It has truly been our honor and privilege to be your book seller in Naperville for the last 25 years.
While we’re saddened to vacate our current home, we are so excited to stay nearby and in a beautiful new bookstore.”
Many booklovers who have been visiting the area for years now have expressed their disappointment on social media.
“I never thought I’d see the day B&N left that amazing location in downtown Naperville. It’s so sad.”
“This is a huge loss for Naperville. Downtown will never be the same.”
“Downtown Napes won’t be the same without y’all.”
Some complained that the ‘short distance’ to the new location wasn’t so short.
“A short distance, lol. It’s a 25-minute drive from the old location.”
“That’s not a short distance at all!”
Also Read: A US Company Now Declares An Unexpected Bankruptcy
A popular shark tank company now files for an unexpected bankruptcy in the district of Colorado as it aims to reorganize its finances.
M.C. Squares, a company that creates Earth-friendly reusable office products, filed for Chapter 11 bankruptcy on December 22nd.
“At M.C. Squares, we create reusable, life-transforming products for the home, office, and everywhere in between,” the company website says.
“Our journey began with a simple inspiration — to develop a new category of reusable home and office products.
Notably … we became the inventor of the Reusable Sticky Note! Starting in the classroom, we quickly expanded into corporate offices, and now our innovative organization solutions have found a place in your day-to-day routine.”
That’s a noble goal, but consumers have generally rejected green solutions that cost more than the products they’re replacing, reports TheStreet.
At the time of the filing the office-supplies company had $5.7 million in operating losses and owed its various creditors roughly $3.4 million.
M.C. Squares had about $900,000 in assets and counts O’Leary as one of its 20 creditors.
“The startup owes $33,657.84 to O’Leary Productions, $850,000 to the Micro Cap Opportunity Fund, and $408,700 to Denver Angels as highlighted in the filing,” Inside Startups reported.
O’Leary has not commented on the bankruptcy and did not immediately return a request for comment made through the O’Leary Ventures website.
He did recently share some of his personal philosophy on investing on his X (formerly Twitter) page:
“Every penny I don’t spend on something I actually need gets invested and makes more money for me. I buy the good stuff that I need, and I invest the rest,” he posted.
Shark Tank companies filing for bankruptcy are rare, but it does happen and a number of companies showcased on the site have gone out of business.
These include Breathometer, which made a home test to check your blood alcohol level, and Toygaroo, which was pitched as “the Netflix of toys.”
Also Read: A US Company Now Declares An Unexpected Bankruptcy
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