An Unexpected Retailer is Now Closing in Minnesota

An unexpected retailer is now closing in Minnesota after financial struggles led the community’s last store to shutter.

After three years of visibly sluggish sales, At Home — which bills itself as the “Home and Holiday Décor Superstore” — will no longer make its home along the Green Line in St. Paul’s Midway, departing its perch in the Midway Marketplace by Sept. 12.

“Store Closing” and “Nothing Held Back” signs were posted throughout the store Friday, with paid sign holders on University Avenue advertising a closing sale.

Despite easy access to the Green Line light rail, which opened exactly a decade ago on June 14, 2014, the St. Paul Midway business corridor has had a touch-and-go experience with retail tenants for years, in part due to changing shopping habits in the online era.

T.J. Maxx left the Midway Marketplace last October, after 10 years at the location.

The Herberger’s department store in the marketplace closed in 2018 when parent company Bon-Ton Stores, Inc. was bought out of bankruptcy by liquidators, who shuttered all 250 of its Herberger’s locations nationally, reports TwinCities.

On Monday, July 8, the St. Paul Board of Zoning Appeals will hear a request from At Home stores to install a giant “CLOSING” banner measuring 160 square feet on the store’s facade for up to 45 days.

Zoning rules would otherwise limit the banner to 32 square feet, reports the outlet.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

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Market News Today - An Unexpected Retailer is Now Closing in Minnesota.
Market News Today – An Unexpected Retailer is Now Closing in Minnesota.

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - An Unexpected Retailer is Now Closing in Minnesota.
Market News Today – An Unexpected Retailer is Now Closing in Minnesota.

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