Another grocery store now makes unexpected closures after not being “able to capitalize on the area”, sources report.
A Lidl store has announced that it would soon close down – and the news has upset customers, reports The-Sun.
The message was sent out to employees on Thursday, February 8, by Lidl’s vice president, according to the Index Journal.
They explained that the closure was due to several economic factors.
These included “not meeting sales expectations” and “not being able to capitalize on the area.”
“This marks a continuing trend of shutting down stores in low-income and rural areas across the Southeast,” the message also said.
The store closure is reportedly set for the end of February so shoppers will only have around two weeks to visit that location.
Lidl is a German grocery store chain that also established itself in the US and has grown to over 173 locations, mostly on the East Coast, according to ScrapeHero.
Shoppers in Greenwood were upset by the news, according to the Index Journal.
Customer Eric Outz said he had not heard about the closure and said he would later talk to one of his family members who worked at the store.
“I think it’s a good store,” he said.
“I feel bad for them,” Eric said about the employees.
Other customers also shared their thoughts on the closure on Reddit.
“I’m actually devastated. I’ve lived in Greenwood for 5 years and go to that Lidl at least every week, usually twice a week,” one Redditor shared.
“It’s better than basically every other grocery store in town, but people just stick to what they know.”
For more news and updates like this, opt-in for push notifications.
Also Read: A US Company Now Declares An Unexpected Bankruptcy
Other Economy News Today
Another brewery now declares an unexpected bankruptcy and goes through the liquidation process after calling its future “very uncertain”.
Flying Fish was a success story at first unlike most who open a brewery and fail quickly.
“By allowing drinkers to engage with him directly, he soon garnered attention and accolades that led to the funding that made Gene’s dream a reality, and the first production brewery was built in Cherry Hill, NJ,” the brewery shares on its website.
That original brewery grew into a larger facility, a tasting room, and regional distribution throughout New Jersey, Pennsylvania, Delaware, and Maryland.
The company even has had a national deal with Total Wine to bring its beer outside that area, and Flying Fish has a popular tasting room.
However, the company struggled to pay its bills as the country emerged from the pandemic.
It had also failed a merger with Cape May Brewing and filed for Chapter 11 bankruptcy protection in May 2023.
At the time, the company, which had been acquired by Elk Lake Capital, hoped to be able to rework its obligations and continue operating.
And while it operated its Tasting Room over Super Bowl weekend, Flying Fish’s remaining assets will be auctioned off on Feb. 13.
It’s possible that a buyer steps up that intends to operate the brand as it is, but the company took to its Facebook page to share what happens next calling its future “very uncertain.”
For more news and updates like this, opt-in for push notifications.
Also Read: Three Massive Restaurant Chains Now Begin Closing Locations
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors.
This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
Scroll below to view my stock purchases this month!
You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Frank Nez’s Stock Portfolio
Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?
Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.
11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.
Recommended For You ✨
About The Author
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.