A popular grocery chain now makes an unexpected closure in Pennsylvania citing a review of the store’s current and future viability.
Price Chopper has announced that it will be closing its location at 1510 South Main Avenue in Taylor on April 19th.
“After thoroughly reviewing the store’s current and future viability, we concluded that closure is the appropriate action to take,” said Blaine Bringhurst, Price Chopper/Market 32 president.
“We have a long history in the community and are grateful to all of our teammates and customers who have supported us over the years.”
All 85 teammates working in the store have been offered comparable positions at other stores in the Scranton/Wilkes Barre area.
“It’s never easy to close a store—and we rarely do—but we have an obligation to make business decisions that support the company’s continued health and growth,” Bringhurst added.
Below is a list of other businesses who have advised of upcoming layoffs in Pennsylvania:
- Ornua Ingredients, Inc. 66 job cuts filed on 3/1.
- TE Connectivity. 130 job cuts by 5/1.
- NexTier Completion Solutions, Inc. 104 job cuts by 4/13.
- United Parcel Service, Inc. (UPS) Unknown job cuts by 4/15.
- Schenker, Inc. 478 job cuts on 3/10.
- Block, Inc. 22 job cuts by 3/30.
- Merck & Co., Inc. 5 job cuts on 3/15.
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Also Read: Clothing Retailer Now Announces Unexpected Closure of All Locations
Other Economy News Today
A massive shoe retailer is now closing a quarter of stores following a drop of 15% in sales last year, sources confirm.
Alongside a nearly 15% revenue drop for 2023, popular shoe retailer Allbirds on Tuesday named a new CEO, replacing co-founder Joey Zwillinger.
Joe Vernachio, who has been Allbirds’ chief operating officer since 2021, will now take over the top post and join the board of directors on Friday.
Zwillinger will stay on as a board member and a special adviser to the company, according to a company press release.
Allbirds co-founder Tim Brown stepped down from the co-CEO role last year and now serves as the brand’s chief innovation officer.
At the same time, Allbirds reported earnings, with revenue for Q4 and the full year both down by about 15%.
Fourth-quarter revenue was $72 million, while full-year revenue was $254 million.
The company’s current plan to close 10 to 15 stores — about 17% to 25% of its 60-store fleet — will cost its U.S. business about $7 million to $9 million, reports Retail Dive.
“Stores remain a highly effective way to meet new customers and drive omnichannel purchasing and omnichannel purchasing is the most profitable consumer journey we can generate,” Zwillinger said.
“As we focus on renewing brand momentum and driving sustained growth in the U.S., we are leaning into our most efficient stores in key cities where we want to win.”
International revenue will also be hit with $25 million to $28 million in costs as Allbirds moves from a straight DTC model to a distributor model.
Zwillinger on a call with analysts said the distributor model is a “more profitable” go-to-market strategy and is allowing Allbirds to consider entering more international markets going forward.
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Also Read: Another Facility in South Carolina Now Announces An Unexpected Closure
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