Mall Retailer Now Makes An Unexpected Closure in New York

A mall retailer now makes an unexpected closure in New York just weeks after having a fire sale, sources are confirming.

Eastern Mountain Sports is reportedly set to shutter a branch in the Guilderland town outside of Albany, New York.

This EMS location was located in the Stuyvesant Plaza mall.

The store had started a moving sale in April.

Reports at the time said the location had planned to move to a new spot within the same mall.

Despite this, recent signs at the location have said “Store Closing” and “Going out of Business,” according to the Times Union.

These sales have also continued

The original plan to relocate this spot has now become doubtful.

A spokesperson for Stuyvesant Plaza said the mall was not certain about the future of EMS in their retail space.

“Things are very fluid right now,” they said.

“We don’t have an answer.”

Local fans shared their thoughts on the closure in the comments of a Facebook post.

“This is such a bummer,” one person wrote.

“EMS has such good deals,” they added.

“I’ll miss shopping there.”

“Another store closing?” another person commented.

The retailer has 24 other locations across the East Coast and New England, according to the company’s website.

Other retailers have also had to deal with difficult closures.

A Walmart store is set to shut in a few days time.

The location in Aurora, Colorado, around 10 miles east of Denver, is set to shut on June 7.

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

Other Economy News Today

Market News Today - Mall Retailer Now Makes An Unexpected Closure in New York.
Market News Today – Mall Retailer Now Makes An Unexpected Closure in New York.

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 - Mall Retailer Now Makes An Unexpected Closure in New York.
Market News Today – Mall Retailer Now Makes An Unexpected Closure in New York.

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