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Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Margin Call Forces Citadel Rival Into $15 Billion Loss
Home Sales Fall To A New Record Low
More US Consumers Are Beginning to Cut Retail Spending
Beloved Grocery Store Ice Cream Company Now Files Unexpected Bankruptcy
Fed Report: Auto Loan and Mortgage Delinquencies Soar Amongst Americans
Another Grocery Store Chain Now Joins Major Trader Joe’s Recall
Home/Banking News/Massive Clothing Retailer Is Now Shuttering All Stores This Sunday
Market News Today - Massive Clothing Retailer Is Now Shutting All Stores This Sunday

Massive Clothing Retailer Is Now Shuttering All Stores This Sunday

By Frank Nez
March 16, 2024
2

A massive clothing retailer is now shuttering all stores this Sunday as it begins to shift its business into an online-only experience.

Outdoor Voices is shuttering its stores this week as it shifts to an online-only model.

The DTC activewear brand is closing all 15 of its stores on Sunday, associates at several of its stores confirmed to Retail Dive.

Employees were notified on Tuesday that stores would be closing and severance was not offered, according to the associates.

Calls to other store locations went unanswered or went to voicemail.

The stores are running 50% off sales to clear through inventory through the weekend.

Store employees received a call from the Outdoor Voices director of retail on Tuesday relaying the news, according to one associate at the brand’s San Diego store.

The associate said they were told 80% of the company’s headquarters staff, including the director of retail, has been laid off and just 10 employees will remain after Sunday.

Associates at other locations could not confirm how headquarters staff were impacted.

Benefits offered to store employees appear to vary by location, according to the associates: Full-time employees at the San Diego store in California were offered $500 to stay on through Sunday, while full-time employees at the Minneapolis store were told their remaining PTO would be paid out and that store managers were offered $500 if they stayed on through the weekend.

A Charlotte store employee said they weren’t offered any additional benefits for staying on through Sunday.

Outdoor Voices did not immediately respond to requests for comment regarding the store closures, severance payments, employee benefits or layoffs.

The activewear brand in the summer of 2022 was reportedly exploring options for the business, including putting itself up for sale, according to a Bloomberg report.

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Also Read: A Massive Mall Retailer Is Now Closing in California

Other Economy News Today

Market News Today - Massive Clothing Retailer Is Now Shuttering All Stores This Sunday.
Market News Today – Massive Clothing Retailer Is Now Shuttering All Stores This Sunday.

Another restaurant chain now closes due to a surge in crime, affecting four of its five locations in a California city.

This week, Taco Bell “indefinitely” closed its dining-in option at four of its five locations in Oakland, California, forcing customers to go through the drive-thru only.

The fifth location, which is combined with a KFC restaurant, appears to be closed altogether, as it is listed as closed on the Taco chain’s website.

Following in the footsteps of the chain, Church’s Texas Chicken confirmed to SFGate that it has also shuttered its dining room.

While the chicken chain did not issue a reason for the closure, it is believed that it is due to the rampant crime in the San Francisco Bay Area.

Two Taco Bell employees told the news outlet that one location closed its dining room two months ago, and another closed theirs a year and a half ago after customer complaints.

One of the impacted Taco Bell locations is near an In-N-Out that has announced its permanent closure scheduled for March 24, due to “ongoing issues with crime.“

“Despite taking repeated steps to create safer conditions, our Customers and Associates are regularly victimized by car break-ins, property damage, theft, and armed robberies,” In-N-Out COO Denny Warnick wrote in a statement.

“They just pull up out of nowhere and it’s not like they only rob the store,” Kimberly Garibay, a Metro Wireless worker who works across the street from one of the affected Taco Bell locations, told CBS affiliate KPIX-TV.

“They rob everybody in there as well. It’s not as safe as it used to be.

There’s a lot of crime now.”

“Providing a safe environment for team members and customers is the priority at Taco Bell restaurants,” a statement issued to SFGate by the taco chain states.

“The franchise owner and operator has informed us that they are consistently evaluating and working to ensure a safe environment by implementing procedures, such as closing dining rooms, and hiring security guards, and they have taken extra measures to meet with local law enforcement.”

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Also Read: SNAP Benefits Will Now Increase For The Year 2024

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Market News Today - Massive Clothing Retailer Is Now Shuttering All Stores This Sunday.
Market News Today – Massive Clothing Retailer Is Now Shuttering All Stores This Sunday.

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Massive Retailer Now Confirms The Unexpected Closure of 1,000 Stores

2 Comments
  1. Frank Nez says:
    March 16, 2024 at 4:30 pm

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  2. Frank Nez says:
    March 16, 2024 at 4:30 pm

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