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Home/Banking News/An Unexpected Retailer Is Now Closing in Ohio
Market News Today - An Unexpected Retailer Is Now Closing in Ohio

An Unexpected Retailer Is Now Closing in Ohio

By Frank Nez
June 25, 2024
2

An unexpected retailer is now closing in Ohio within weeks, leaving only 12 in the state with customers receiving giant discounts.

A Barnes & Noble competitor, Half Price Books, in the greater Cincinnati, Ohio area is slated to close within weeks.

Located just 24 minutes outside of the city in Northgate, the store is a favorite of many, offering best-sellers for cheap.

But, upon entering the store, customers are now faced with a letter in the window announcing its impending closure reported local CBS affiliate WKRC-TV.

“We have great customers here at Northgate and wish we could stay,” reads part of the note.

According to the letter, after 21 years at the location, Half Price Books could not “agree to terms on a new lease,” forcing the business to close the location.

The store will shut down on July 7.

The franchise itself still has about 120 locations, including 12 others in Ohio alone.

The closing notice informs customers that despite the Northgate location’s closure, gift cards for the store are still usable at all other Half Price Books locations and on the online store.

Northgate’s location punctuated their notice with a sentimental message to customers.

“We appreciate all the kind words of support and the passion the community has shown during this transition,” it read.

“Thank you, and we look forward to many more years of reading and recycling together,” it continued, referencing the other locations still in operation.

“Sorry to see the store go. I loved going in the store and selling my lightly used books of my grandson and buying other books he picked out,” lamented one person.

“Another piece of my childhood gone,” added another.

“We just moved here and had already been there 2 times. We were so excited to make weekly trips to the bookstore. This is so disappointing,” tacked on a third.

Although Northgate residents are left with other Half Price Book locations and even competing bookselling establishments, some locals are not so lucky.

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

Other Economy News Today

Market News Today - An Unexpected Retailer Is Now Closing in Ohio.
Market News Today – An Unexpected Retailer Is Now Closing in Ohio.

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 Ohio.
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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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2 Comments
  1. Frank Nez says:
    June 25, 2024 at 11:37 pm

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  2. Frank Nez says:
    June 25, 2024 at 11:37 pm

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