Massive Retailer Is Now Closing A Location After 20 Years

A massive retailer is now closing a location after 20 years and is having a liquidation sale of up to 50% off.

Time is ticking for the Walmart in Townson, Maryland which is shuttering its doors for good on April 5, reports The-Sun.

After 20 years as the anchor location at the Towson Place Shopping Center, the store is closing due to underperformance.

Deals and discounts are as high as 50% off on some merchandise.

Located about eight miles north of downtown Baltimore, the store shares the center with competitors Ollie’s Bargain Outlet and Target.

The store is known for its unique two-floor design which was once the Montgomery Ward.

Walmart said its reasons for closing include “financial performance, location, and customer needs,” according to local CBS affiliate WJZ-TV.

An estimated 207 employees will be able to transfer to a different location and keep their positions.

Employees have until June 14 to transfer, or they’ll be given a severance package, according to a Walmart release.

The news comes amid an announcement by Walmart that it is closing at least 5,000 stores not meeting expectations.

And shoppers are making the most of the store’s fire sales.

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

Also Read: Retirees Will Now Receive More Money For Social Security

Other Economy News Today

Market News Today - Massive Retailer Is Now Closing A Location After 20 Years.
Market News Today – Massive Retailer Is Now Closing A Location After 20 Years.

A closing grocery store is now launching a fire sale of up to 75% off items as it sets to shut down in just a few days.

Amazon fans in Seattle’s Capitol Hill neighborhood will have to travel elsewhere for their grocery needs, as the company’s Fresh location is reportedly set to close on Sunday, reports The-Sun.

Employees were informed on Wednesday that the store closure is apart of Amazon’s previously announced plans to adjust its grocery business, according to The Seattle Times.

The Fresh grocery store, located on Pike Street, closed Wednesday and Thursday, but was expected to reopen on Friday, Saturday and Sunday for their closing sales.

Items are set to be discounted at 75% off.

Employees will still reportedly remain working at the location until April 20, however customers will no longer be able to make purchases after Sunday.

The Seattle location is one of more than 40 Amazon Fresh stores across the country including two others in the Seattle area on Jackson Street and Aurora Avenue.

The upcoming closure is not expected to result in layoffs for the Capitol Hill employees.

The store’s regional manager reportedly informed employees on Wednesday that they would be given the opportunity to transfer to another location or collect severance.

“Tough news to share with you guys but we’re very proud of everything you’ve been able to do to keep this store going the past couple of years,” the manager reportedly said, according meeting notes obtained by The Seattle Times.

“We’re really excited to hopefully see you guys at some of our other stores to help us with some really big projects.”

Amazon confirmed the closure to the outlet on Wednesday.

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

Also Read: Retirees Will Now Receive More Money For Social Security

Market News Published Daily 📰

Market News Today - Massive Retailer Is Now Closing A Location After 20 Years.
Market News Today – Massive Retailer Is Now Closing A Location After 20 Years.

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.

© 2024 Franknez.com

Theme by Anders NorenUp ↑