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Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Margin Call Forces Citadel Rival Into $15 Billion Loss
Home Sales Fall To A New Record Low
More US Consumers Are Beginning to Cut Retail Spending
Beloved Grocery Store Ice Cream Company Now Files Unexpected Bankruptcy
Fed Report: Auto Loan and Mortgage Delinquencies Soar Amongst Americans
Another Grocery Store Chain Now Joins Major Trader Joe’s Recall
Home/Banking News/An Unexpected Department Store with 86 Locations Is Now Closing
Market News Today - An Unexpected Department Store with 86 Locations Is Now Closing

An Unexpected Department Store with 86 Locations Is Now Closing

By Frank Nez
May 7, 2024
2

An unexpected department store with 86 locations is now closing a major spot, just a month following a peculiar incident.

The Hudson’s Bay store at the Cornwall Centre in Regina, Saskatchewan, Canada had already been closed temporarily since April 10 after a fire.

The store had been damaged after an arsonist deliberately lit a clothing rack on fire.

As a result, there was significant smoke and water damage to the store.

However, a spokesperson for Hudson’s Bay said that the fire didn’t play a role in the decision to not renew the lease.

In a statement to CBC News, a spokesperson said that the decision was made “after careful consideration and lengthy review.”

Regarding the employees, the spokesperson said they are “committed to treating every associate with respect and fairness through this process, and transfer opportunities will be explored where feasible.”

The Hudson’s Bay location in Saskatoon will remain open, the spokesperson said.

The news comes as London Drugs shuttered 79 locations across Canada last month after a suspected cybersecurity incident.

“London Drugs immediately undertook countermeasures to protect its network and data, including retaining leading third-party cybersecurity experts to assist with containment, remediation and to conduct a forensic investigation,” the company said.

London Drugs added that it had “no reason to believe” any client or staff data was compromised.

The chain had locations in British Columbia, Alberta, Saskatchewan, and Manitoba.

However, the closures are expected to be temporary, said a spokesperson.

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

Other Economy News Today

Market News Today - An Unexpected Department Store with 86 Locations Is Now Closing.
Market News Today – An Unexpected Department Store with 86 Locations Is Now Closing.

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.

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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy

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Market News Today - An Unexpected Department Store with 86 Locations Is Now Closing.
Market News Today – An Unexpected Department Store with 86 Locations Is Now Closing.

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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:
    May 7, 2024 at 7:00 pm

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  2. Frank Nez says:
    May 7, 2024 at 6:59 pm

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