Clothing Store Now Makes A Painful Closure Due to Crime

A clothing store now makes a painful closure due to crime in its area after more than $20,000 in apparel was stolen.

Last week, Kulture Kingz was the victim of a broad-day robbery that saw the business lose over $20,000 in a matter of minutes.

The man who robbed the place entered the store at around 5pm on May 26.

He dressed in all black, wearing a mask with gloves, and pulled out a pistol as he walked in.

While inside, police say he took 49 single sneakers that were on display at the store, and also took six complete pairs as well.

He also stole designer clothes, bags, and other items that are still unaccounted for as the store owners haven’t finished sorting through the inventory.

He did all of this within seven minutes before making his escape out of the store with multiple trash bags full of items.

Bradley Thompson Sr., who owns the storefront in Des Moines, Iowa, says not much cash was stolen since they don’t keep much at the store.

But all of the designer merchandise and expensive sneakers the crook made off with have so far totaled over $20,000 in items.

And as they keep checking their inventory following the robbery, this number just keeps increasing, reports The-Sun.

“People who commit burglaries are a lot different than people who commit robberies,” said Des Moines Police Officer Paul Parizek.

“Stakes are a little higher when someone’s sticking a gun in your face and people who are willing to do that are usually actually willing to harm someone,” he continued.

“When you commit robbery with a firearm, that’s robbery in the first degree.”

This isn’t the first time that Kulture Kingz has been robbed either.

In October of 2023, the store was hit by an overnight burglary.

Intruders bashed through the front windows of the store before making off with nearly $10 thousand worth of merchandise.

In this instance, the thieves stole about 50 designer T-shirts, among other items of clothing and shoes before making their escape.

Following this last robbery at gunpoint, the store has decided to close its doors for good.

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 - Clothing Store Now Makes A Painful Closure Due to Crime.
Market News Today – Clothing Store Now Makes A Painful Closure Due to Crime.

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 - Clothing Store Now Makes A Painful Closure Due to Crime.
Market News Today – Clothing Store Now Makes A Painful Closure Due to Crime.

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.



2 Comments

  1. Frank Nez

    Leave your thoughts below.

  2. Frank Nez

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

Leave a Reply

© 2024 Franknez.com

Theme by Anders NorenUp ↑