Category: Store Closing News (Page 1 of 9)

Retailer With 905 Stores Now Makes An Unexpected Closure

A retailer with 905 stores now makes an unexpected closure in Kansas City, Missouri, after 30 years in business.

Office Depot will shut its doors at one Kansas City, Missouri location on June 8th.

Storewide, items are on sale for between 30% and 60% off, according to the Kansas City Star.

The closing Office Depot is located at 4201 Main St in Kansas City, Missouri.

That’s on the south side of the city, near the border with Kansas.

The local paper reported that the location opened in 1994.

Currently, there are around 905 Office Depot locations in the country, according to data website ScrapeHero.

OfficeMax, another brand of supply store, is owned by Office Depot.

After the last supplies are sold and the building’s doors are locked, Kansas City residents will have to find other sources of office essentials.

The next closest store within the company is an OfficeMax in Merriam, Kansas, reports The-Sun.

That’s a roughly 15 minute drive away.

There’s another Office Depot 20 minutes to the west of the closing location, in Independence, Missouri.

There’s also an Office Depot on the north side of the city, also about 20 minutes away.

There are fewer Staples locations in the area.

One north of the city is a 25 minute drive from the closing Office Depot.

For now, area shoppers can keep stopping by the Main Street location to find discounts.

An OfficeMax location in Indiana recently closed its doors as well.

Earlier, another Office Depot in Illinois shut in November.

Since 2020, hundreds of Office Depot stores have closed after a company restructuring.

Competitor Staples has also closed a few of its stores.

For more store closure news and updates like this, opt-in for push notifications.

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

Other Economy News Today

Market News Today - An Unexpected Restaurant Now Closes in Georgia.
Market News Today – Retailer With 905 Stores Now Makes An Unexpected Closure.

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 - Retailer With 905 Stores Now Makes An Unexpected Closure.
Market News Today – Retailer With 905 Stores Now Makes An Unexpected Closure.

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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.

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11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



An Unexpected Home Improvement Store Is Now Closing in Missouri

An unexpected home improvement store is now closing in Missouri after 40 years in business, prompting a fire 70% off sale.

Function Junction, which sells everything from grilling kits to espresso machines, is giving customers between 20%-70% off all products until the end of June.

The homeware store first opened in Kansas City in 1977.

Mary Merola, founder of the store, was 23 when she and Steve Eberman decided to begin selling hard-to-find utensils and other cookware, The Kansas City Star reported.

“I tried to find companies that really (had) that creative vibe and were not in the broadest distribution,” she said.

Since it first opened, the specialty home goods store rapidly expanded to a total of 17 stores across Missouri.

Despite the initial success of the business, the company filed for bankruptcy in 1998, reports The US Sun.

After filing for bankruptcy, Function Junction took time to downsize and reorganize.

By 2008, all but one location closed down.

Eberman eventually left the business, leaving Mary Merola now owning the store with her wife Rebecca Merola.

“These decades were more than introducing the newest, most innovative kitchen tools and cookware,” said Merola.

“It has been a privilege to forge friendships and long-term relationships with customers.”

“I know many by name, and we share memories each time we meet.”

The store will officially close its doors on June 30.

For more store closure news and updates like this, opt-in for push notifications.

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

Other Economy News Today

Market News Today - An Unexpected Home Improvement Store Is Now Closing in Missouri.
Market News Today – An Unexpected Home Improvement Store Is Now Closing in Missouri.

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

Market News Published Daily 📰

Market News Today - An Unexpected Home Improvement Store Is Now Closing in Missouri.
Market News Today – An Unexpected Home Improvement Store Is Now Closing in Missouri.

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)InstagramFacebook, 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.



An Unexpected Brewery in Illinois Is Now Closing This Summer

An unexpected brewery in Illinois is now closing this summer just after a year of reopening the location, sources are confirming.

The Lagunitas Brewery in Chicago, only opened back up in the spring of 2023 after being shuttered for three years during the Covid-19 pandemic.

“We are committed to managing this transition thoughtfully, smoothly and with deep respect for our valued Chicago Lagunitas employees,” a spokesperson told NBC affiliate WMAQ.

Lagunitas plans to move the Chicago operations back to its original California production center in Petaluma, in Sonoma County north of San Francisco.

It said that the closure of its Chicago location, which opened in 2014 as the brewery pursued Midwest and East Coast expansion, was “prompted by a need to future-proof” the company, according to Chicago Eater.

The brewery has hopes the closure will “allow for a more efficient and flexible supply chain, with a greater focus on innovation and the acceleration of more sustainable brewing practices.”

Lagunitas Brewery will shutter for good on August 1st.

The closure will unfortunately affect a total of 86 employees, though some will keep remote roles or relocate to continue to work in Petaluma, reports The-Sun.

Those who don’t make the transition will receive retention incentives to work through until the closure and departure packages that include support services and job-placement help, according to the release, reported by WMAQ.

Lagunitas, which is owned by Heineken, had intentions of its Chicago location serving the Midwest and East Coast with the freshest beer.

In 2014, founder Tony Magee said that 55% of Lagunitas sales came from “east of Denver,” so the Chicago location would allow for another massive stretch of the country to be covered, all while saving money on transportation, according to Good Beer Hunting.

Two years after it began beer production, Lagunitas in Chicago produced 405,000 barrels annually, the Chicago Tribune reported

For more store closure news and updates like this, opt-in for push notifications.

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

Other Economy News Today

Market News Today - An Unexpected Brewery in Illinois Is Now Closing This Summer.
Market News Today – An Unexpected Brewery in Illinois Is Now Closing This Summer.

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

Market News Published Daily 📰

Market News Today - An Unexpected Brewery in Illinois Is Now Closing This Summer.
Market News Today – An Unexpected Brewery in Illinois Is Now Closing This Summer.

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)InstagramFacebook, 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.



An Unexpected Restaurant Now Closes in Georgia

An unexpected restaurant now closes in Georgia after being a longstanding location in the local area, sources confirm.

The Applebee’s branch in Tucker, Georgia, around 20 miles northeast of Atlanta, has been listed as permanently closed online.

This branch was a longstanding restaurant in the local area, per The US Sun.

It was situated in the Cofer Crossing mall, just off Lawrenceville Highway, which is home to stores including Kroger and Walmart.

The branch reportedly unexpectedly closed its doors on May 13, according to Tomorrow’s News Today – Atlanta.

Staff and diners were reportedly not made aware of the decision to shut down before last week.

This location has also been listed as “permanently closed” on Google Maps.

The chain has also not given a reason for the decision to shut this spot for good.

This spot was built in 1998 and took up around 5,000 square feet, according to DeKalb County documents obtained by Tomorrow’s News Today – Atlanta.

The future of this site hasn’t been confirmed.

This spot is thought to be a desirable dining or retail location as it is located in the Cofer Crossing mall’s premises but was independently owned.

Some locals took to Facebook to share their thoughts following the news.

“Very sad!” one commenter said.

“My husband and I ate at the location in Tucker last Sunday.

There were hardly any other customers.”

“Glad I was able to use my Applebees gift card the day before closing,” they added.

“I saw them taking the sign away Monday!” another person said.

For more store closure news and updates like this, opt-in for push notifications.

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

Other Economy News Today

Market News Today - An Unexpected Restaurant Now Closes in Georgia.
Market News Today – An Unexpected Restaurant Now Closes in Georgia.

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

Market News Published Daily 📰

Market News Today - An Unexpected Restaurant Now Closes in Georgia.
Market News Today – An Unexpected Restaurant Now Closes in Georgia.

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)InstagramFacebook, 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.



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