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Home/Banking News/Unexpected Shoe Retailer Now Permanently Closes Popular Store
Market News Today - Unexpected Shoe Retailer Now Permanently Closes Popular Store

Unexpected Shoe Retailer Now Permanently Closes Popular Store

By Frank Nez
November 27, 2023
2

An unexpected shoe retailer now permanently closes one of its popular stores with more locations expected to shutter soon.

The New Balance store in Fairview Heights, Illinois is shutting its doors for good in just days following an abrupt announcement, reports The-Sun.

The brand with 111 stores across North America has now closed one of its popular locations in Illinois as of Sunday, November 26.

“Shoe shoppers in Fairview Heights lost Sketchers back in June and will now struggle to find comfortable sports and casual shoes,” says The-Sun.

Store items just moments prior to the closure were on sale, allowing locals to make the best out of these deals.

Store associate Victoria Martin revealed the location’s final day to the Belleville News-Democrat.

She was unable to give an official reason behind the closure and highlighted that the store was often recommended by nearby foot doctors.

Martin added that many customers are upset with the move with recent comments on its website focusing on the closure.

“Sorry you’re closing. Been a customer for many years. Recommend others to purchase from you,” one wrote.

“I’ve purchased shoes at this store in Fairview Heights for years and always had excellent quality of service with a pleasant smile,” another added.

“I deeply regret the notice of your choice to close the only store in Metro East. I live and work in Illinois,”

After Sunday’s closure, New Balance customers will have to travel to Richmond Heights or Creve Coeur in Missouri to visit the store.

Meanwhile, other big-name retailers are set to shut up shop in the state in January next year.

TJX plans to close a staggering 6 TJ Maxx and Marshalls locations in Chicago, Illinois in early 2024.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

Other Economy News Today

Market News Today - Unexpected Shoe Retailer Now Permanently Closes Popular Store.
Market News Today – Unexpected Shoe Retailer Now Permanently Closes Popular Store.

1000 jobs will now be lost in Florida starting 2024 as more businesses announce upcoming job cuts according to fresh WARN data.

It’s important to note that under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.

So far, there has been approximately 9,283 layoffs in Florida this year across 190 businesses according to the latest WARN data.

However, businesses have already begun advising of job cuts in Florida for 2024, resulting in the loss of more than 1000 jobs.

Below is a list of companies laying off employees in Florida starting in January 2024:

  • Tyson Foods. 219 job cuts by 1/08/2024.
  • Monterey Mushrooms LLC. 214 job cuts by 1/13/2024.
  • Baker Hughes. 183 job cuts by 1/08/2024.
  • Jacobs Technology Inc. 173 job cuts by 1/01/2024.
  • HMSHost. 166 job cuts by 1/28/2024.
  • Venus Fashion, Inc. 129 job cuts by 1/13/2024.

California remains the #1 state with the most layoffs in the country this year.

In second place is New York followed by Colorado, Illinois, Texas, Washington, New Jersey, Florida, Michigan, and Georgia.

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

Also Read: Texas Now Has Massive Departures As Residents Leave State

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Market News Today - Unexpected Shoe Retailer Now Permanently Closes Popular Store.
Market News Today – Unexpected Shoe Retailer Now Permanently Closes Popular Store.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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Other Articles
Market News Today - A Massive Bank in Alabama Will Now Shutter Branches Soon
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A Massive Bank in Alabama Will Now Shutter Branches Soon

Market News Today - A Surprising Retailer In Texas Now Closes More Stores
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A Surprising Retailer In Texas Now Closes More Stores

2 Comments
  1. Frank Nez says:
    November 27, 2023 at 7:41 pm

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

  2. Frank Nez says:
    November 27, 2023 at 7:41 pm

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