A grocery chain with 900 outlets now makes an unexpected closure in Illinois, leaving customers mourning its loss.
A Save-A-Lot store in Rockford, Illinois, will be closing its doors for good on May 20.
Customers were informed of the sudden news by a sign on the door telling them to go to another branch for their goods.
However, locals are concerned as a store that opened in February 2015 propped up the neighborhood following the loss of a Schnucks store.
The Save-A-Lot location not only provided jobs but also a budget store.
Following the closure, shoppers are going to be left with fewer options with one resident saying, “We have no choices.”
“This is going to be a hard hit for the people in this neighborhood…this community…and this side of town…we have nothing,” one shopper told WREX.
“I’m not happy because they are a less expensive store, you get more for your money.”
“Schnucks is on the higher end, and Aldi is higher than they used to be.”
The shopper noted that options in the area are limited with the nearest grocery stores being Aldi which is around two miles away, and Schnucks, two and a half miles away.
“We have no choices, we have dollar stores – they have competitive prices, but they don’t carry a lot of stuff you can’t feed a family on that, you need stores like this.”
“I feel like we’re a dry county when it comes to groceries and it’s really hard,” another shopper added.
“I’m kind of heartbroken about it. It’s a shame it’s going to hurt a lot of people.”
For more news and updates like this, opt-in for push notifications.
Also Read: A Massive Grocery Chain With 400 Stores Is Now Closing
Other Economy News Today
100 mall retail stores now announce painful closures, further fueling the extinction of brick-and-mortal businesses.
Clothing company Express has announced which states will have closures as the store files for bankruptcy.
The bankruptcy filing was officially announced on Monday.
Express has confirmed that 95 of its 553 stores will shut down as well as all 10 UpWest locations, according to the bankruptcy documents.
Customers can expect store closures in the following states:
- California – 16
- New York – 11
- New Jersey – 7
- Texas, Florida – 5
- Connecticut, Georgia, Illinois – 4
- Colorado, Iowa, Maryland, Massachusetts – 3
- Indiana, Michigan, North Carolina, Ohio, Pennsylvania, Virginia, Washington, Wisconsin – 2
- Arizona, District of Columbia, Hawaii, Louisiana, Minnesota, Missouri, Nebraska, New Hampshire, Nevada, Rhode Island, Tennesee – 1
Stores affected by the mass closures have started sales while opening hours stay the same, reports The-Sun.
Customers can get 40% off everything across men’s and women’s apparel if they shop online.
Closing UpWest locations can be found in Illinois, New York, Minnesota, California, Massachusetts, Virginia, Colorado, Washington, and the District of Columbia.
The company also owns Bonobos, another clothing store, but has not announced any plans to close locations.
Though closures are impending, the company plans to “conduct business as usual,” according to Monday’s press release.
“We continue to make meaningful progress refining our product assortments, driving demand, connecting with customers and strengthening our operations,” said Stewart Glendinning, Chief Executive Officer, according to the press release.
“We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives.
WHP Global has been a strong partner to the Company since 2023, and the proposed transaction will provide us additional financial resources, better position the business for profitable growth and maximize value for our stakeholders.”
For more news and updates like this, opt-in for push notifications.
Also Read: A Massive Grocery Brand Now Files For Chapter 11
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.
Leave your thoughts below.
For more news and updates like this, opt-in for push notifications.