An Essential Retailer Now Makes An Unexpected Closure

An essential retailer now makes an unexpected closure after a 30 year run in the area due to a surge in crime, sources report.

A CVS location announced it would close after 30 years, making it the fifth store to shutter in a single area.

The company revealed that a store in Broome County, Rhode Island would be added to a long list of locations closing.

Employees of the pharmacy confirmed that the store at 50 Pennsylvania Avenue is expected to close on May 21.

Staffers were made aware of the closing last Saturday, reported WNBF.

CVS spokesperson Amy Thibault told the radio station that all prescriptions from the pharmacy will be transferred to another CVS location at 249 Main Street.

The pharmacy opened nearly 30 years ago and stands next to a Weis supermarket.

A sign on the window of the pharmacy read “Hello, we are hiring!”

A worker told the radio station that the CVS was closing for “a multitude of reasons.”

When asked if shoplifting had been one of the reasons for the closure, the worker said it was a factor.

Employees at other Broome County stores said that shoplifting has been a driving factor to store closures in the area.

However, Thibault said in an email that “shoplifting was not a factor in our decision.”

In November 2021, a CVS pharmacy in downtown Binghamton at 34 Court Street closed its doors.

Another location at 345 Main Street in Johnson City was also shut down in May 2022, reports The-Sun.

Thibault wouldn’t say if any other locations were on the chopping block, writing in an email: “We don’t provide lists of store closures.”

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Also Read: Three Massive Bank Branches Are Now Closing in California

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Market News Today - An Essential Retailer Now Makes An Unexpected Closure.
Market News Today – An Essential Retailer Now Makes An Unexpected Closure.

A giant US company now declares an unexpected bankruptcy, resulting in the closure of two of its subsidiaries and mass layoffs.

Major shipping company Universal Logistics Holdings (ULH) will permanently close two of its subsidiaries and lay off 677 employees, notices filed with the State of Michigan said, according to FreightWaves.

The Warren, Michigan company’s subsidiary Universal Dedicated of Detroit will close and lay off 230 truck drivers, while Logistics Insights Corp. will shutter and lay off a total of 447 workers, including 164 warehouse workers, 212 forklift operators, 26 dock workers and 45 clerical employees.

Universal Logistics gave no reason for shutting down the two subsidiaries, reports TheStreet.

Logistics Insights provides value-added logistics solutions to the automotive, aerospace, manufacturing and retail industries, as well as dedicated truckload, expedited and freight forwarding services to customers throughout North America, according to the Universal Logistics website.

Universal Dedicated of Detroit operates an auto parts warehousing and logistics facility. Both subsidiaries are based in Detroit.

Parent company Universal Logistics Holdings, whose subsidiaries employ about 10,000 workers in total, is a holding company which owns subsidiaries that provide a variety of customized transportation and logistics solutions throughout the United States and in Mexico, Canada and Colombia.

Its subsidiaries offer a broad array of supply chain services, including truckload, brokerage, intermodal, dedicated and value-added services.

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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing

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Market News Today - An Essential Retailer Now Makes An Unexpected Closure.
Market News Today – An Essential Retailer Now Makes An Unexpected Closure.

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