Tag: Pennsylvania

Starbucks Now Makes An Unexpected Closure At Pennsylvania Mall

Starbucks now makes an unexpected closure at a Pennsylvania mall, leaving fans stunned by the sudden shutter, outlets report.

The Starbucks kiosk at the Lehigh Valley Mall in Whitehall, Pennsylvania, about 65 miles north of Philadelphia, has recently closed.

Located on the lower level near the escalators, this coffee kiosk was a weekend favorite among shoppers.

Many are left questioning why the popular chain has exited the mall.

One shopper commented on Facebook, “It’s strange that Starbucks is closing; there was always a long line on weekends.”

Speculations include potential rent increases from mall owners, with another shopper noting that the Starbucks inside Barnes and Noble is now inaccessible without leaving the mall first.

They remarked, “LVM isn’t what it used to be.”

Some have described the closure as a “stupid move,” expressing disappointment over the loss of their favorite coffee spot.

Others suggested that the higher prices at the mall location compared to regular Starbucks could have contributed to its decline.

“The drinks were several dollars more at the mall Starbucks,” one user said, while another mentioned they avoid the mall due to heavy traffic and prefer online shopping.

Starbucks has yet to comment on the closure, which has been officially removed from the mall’s list of locations.

The Lehigh Valley Mall has also seen other stores close, such as Rivals Indoor Battlefield and Ardene.

Rivals announced their closure at the end of August, stating it was due to being outbid for their lease rather than business failure.

As some chains depart, new ones are coming to the mall.

Upcoming additions include Golf Galaxy, Game Box Arcade, Spice n Shake, and MINISO.

Meanwhile, concerns are rising among Macy’s customers as the CEO confirmed plans to close up to 150 locations.

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Also Read: A Struggling Gas Station Chain Now Files An Unexpected Bankruptcy

Other Economy News Today

Retail News Today - Starbucks Now Makes An Unexpected Closure At Pennsylvania Mall.
Retail News Today – Starbucks Now Makes An Unexpected Closure At Pennsylvania Mall.

A massive rental company with 34k locations now shuts down its operations after filing for bankruptcy and 22 years in business.

Users of movie rental company Redbox were left saddened after it was announced that it would be shutting down operations.

The announcement comes after the rental company’s parent company, Chicken Soup for the Soul Entertainment, filed for Chapter 11 bankruptcy.

According to court documents obtained by the Washington Post, the Connecticut-based company claimed to be one billion dollars in debt.

As a result, Redbox, which was a staple of many grocery stores including Walgreens, and CVS will be shuttered.

Many fans took to social media to express how upset they were with the loss.

“I knew it was coming, sadly,” UltraVada wrote in a post on X, formerly Twitter.

“It was inevitable,” a second person mourned.

“I knew this would happen when I heard they filed for Bankruptcy but its still sad to hear. I have a lot of fun memories of Redbox,” a third person lamented.

“I still don’t think this will be or ever be the end of physical media as we do still get remasters of some movies in 4k/Bluray.”

One person revealed that they had forgotten the rental service had existed.

Some users were not surprised by the announcement.

“Not surprised since nobody really rents videos anymore with the rise of streaming and what not,” one user admitted.

“Also kinda remember getting into a feud with them on here.”

One user also pointed out that the last remaining Blockbuster, located in Bend, Oregon, managed to outlive Redbox.

Redbox was acquired by Chicken Soup for the Soul Entertainment (CSSE) in 2022 and became one of the company’s flagship video-on-demand streaming services.

At its peak, CSSE operated more than 20,000 DVD rental kiosks across the country.

The company’s filing means that the company’s more than 1,000 employees will be laid off, per The Wall Street Journal.

It was also reported by Deadline that many employees at CSSE hadn’t received their paychecks and had medical benefits cut in late June.

Also Read: This Massive Mall Retailer Is Now Closing In California

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Retail News Today - Starbucks Now Makes An Unexpected Closure At Pennsylvania Mall.
Retail News Today – Starbucks Now Makes An Unexpected Closure At Pennsylvania Mall.

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Popular Grocery Chain Now Makes An Unexpected Closure in Pennsylvania

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

Market News Today - Popular Grocery Chain Now Makes An Unexpected Closure in Pennsylvania.
Market News Today – Popular Grocery Chain Now Makes An Unexpected Closure in Pennsylvania.

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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