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Home/Banking News/An Unexpected New York Retailer Is Now Closing All Stores
Market News Today - An Unexpected New York Retailer Is Now Closing All Stores

An Unexpected New York Retailer Is Now Closing All Stores

By Frank Nez
May 7, 2024
2

An unexpected New York retailer is now closing all stores nationwide after making a name for itself in the past 100 years.

New York-based musical instrument retailer Sam Ash Music has begun store-closing sales at all its retail locations, signaling the end of an era for the iconic company.

Founded in 1924, Sam Ash Music has been a staple for generations of musicians.

It offers a premium selection of musical instruments and pro sound equipment.

The news came via a social media post from the company, stating the following:

“It is with a heavy heart that we announce that all Sam Ash Music store locations will begin closing sales today.

This unfortunate news also presents a fantastic opportunity for great deals across our premium selection of musical instruments & pro sound equipment.

We will also be offering specials on samash.com during this time.

Thank you for allowing us to serve musicians like you for 100 years.”

Signs of trouble had emerged earlier this year when the New York-based company reportedly moved to close nearly 20 locations, including its flagship store its flagship store in Midtown Manhattan, reports Ash Jurberg.

Despite these efforts, the remaining five stores in New York and others across the country have now commenced final closing sales.

They include:

  • 333 W. 34th Street, NYC, NY 10001
  • 178 Mamaroneck Avenue, White Plains, NY 10601
  • 113-25 Queens Boulevard, Forest Hills, NY 11375
  • 385 Old Country Road, Carle Place, NY 11514
  • 2600 Flatbush Avenue, Brooklyn, NY 11234

Sam Ash is the latest retailer to encounter difficulties.

Recently, rue21 and 99 Cents Only filed for bankruptcy and announced that they too were closing all of their stores nationwide.

This trend continues to be a developing reporting of events.

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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 New York Retailer Is Now Closing All Stores.
Market News Today – An Unexpected New York Retailer Is Now Closing All Stores.

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 New York Retailer Is Now Closing All Stores.
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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 5:37 pm

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  2. Frank Nez says:
    May 7, 2024 at 5:37 pm

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