An Unexpected Retailer Is Now Closing All Stores in Illinois
An unexpected retailer is now closing all stores in Illinois and across the United States just months after a merger.
Foxtrot, an upscale convenience store chain founded in Chicago in 2015, is closing all 33 locations and its nationwide e-commerce business.
The shutters were officially announced on Dom’s Website in a message to Foxtrot and Dom’s Kitchen customers.
“After much consideration and evaluation, we regret to announce that Foxtrot and Dom’s Kitchen & Market will be closing their doors starting on April 23, 2024,” the release said.
The closures will impact locations in Dallas, Washington D.C. and Austin, as well.
Foxtrot, the upscale convenience store, was founded in Chicago and has expanded to over 30 locations nationwide since 2015.
Its first location in Fulton Market cemented it as a brand paralleled to the cultural transformation of the West Loop in the past decade as a hub of industry.
Dom’s Kitchen only started in 2021, but quickly announced plans to open new locations, previously aiming to debut 15 new stores by 2025, according to Crain’s.
Shoppers were first informed of Dom’s closure via a posted sign at the 1233 N Wells Street location in Old Town.
“Hey neighbors, Dom’s is saying goodbye and we’re shutting our stores and app down,” the note said.
The two brands announced their merger at the end of 2023, aiming to redefine the grocery shopping experience and uplift quality by offering curated products for sale.
The news is likely to come as a surprise for many Chicago shoppers as the grocery stores were popular on the city’s North Side.
And there’s no time to even say goodbye—the 15 Foxtrot outposts and two Dom’s locations in Chicago have not only closed their stores but discontinued their apps and delivery services, and all outstanding store credits have been expired, effective immediately.
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Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing
Other Economy News Today
A massive shoe retailer now announces a new wave of layoffs to hit headquarters this summer, affecting over 700 employees.
Nike has announced its ‘second phase’ of mass layoffs, effective June 28, according to a Worker Adjustment and Retraining Notification (WARN) filing.
A total of 740 employees will be impacted in the retailer’s home state.
The layoffs are part of the 2% workforce reduction Nike announced in February, which is taking place across two phases, the company confirmed via email.
Nike said job titles and the number of employees in each category would be provided at a later date, once the company has determined them.
Bumping rights are not available for the impacted employees, reports Retail Dive.
“Nike’s always at our best when we’re on the offense. The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth opportunities as interest in sport, health and wellness have never been stronger,” Nike said in a statement.
“While these changes will impact approximately 2% of our total workforce, we are grateful for the contributions made by all Nike teammates.”
The layoffs are tied to a cost-savings plan Nike unveiled in December, which is aimed at generating up to $2 billion in cumulative savings over three years.
Based on the company’s last annual report, the layoffs to 2% of its total workforce will impact more than 1,600 people.
Savings from the plan are set to be reinvested in driving growth, innovation and profitability.
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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy
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He Can’t Fix Everything Keep That In Mind People.
Did they give a reason as to why they were shutting all of their collective doors? No mention of that in the article
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