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Three Florida trucking firms seek Chapter 11 protection amid ongoing industry struggles
If you’re into the latest business news, you might have heard that three trucking companies from Florida have recently taken the plunge into Chapter 11 bankruptcy. It’s been a tough ride for the shipping industry, so let’s break down what’s been happening.
Major Grocery Brand Shuts Down Three Factories, Sparking Community Outcry
There's some tough news hitting the community as Bimbo Bakeries announces it’s closing three of its factories, including a major one in Auburn, New York. This move has left locals upset and calling for action from officials.
Well-known retail chain shutters a dozen Arizona stores amidst nationwide retail shakeup
If you're a fan of Big Lots or just keeping an eye on the retail scene, there's some big news hitting Arizona. Big Lots, the well-known retail chain, is closing 12 of its Arizona stores. That's right—12 locations across the state are shutting their doors as the company tries to navigate some rough waters.
Furniture Retailer Slashing Stores in Florida Amid Bankruptcy Rumors
Conn’s Inc., a furniture and home improvement retailer, is hitting the brakes on its operations in Florida, with a significant wave of store closures. The company is shutting down 18 locations across the state, making it the hardest hit by their nationwide closure plan.
A Massive US Bank Shakes Up Oregon Office with 95 Job Cuts
Wells Fargo is making waves in Oregon with its recent announcement of significant job cuts. The banking giant has filed a WARN notice with the Oregon Higher Education Coordinating Commission, revealing that 95 employees at their corporate office in Hillsboro will be laid off.
Layoffs surge in Georgia as businesses announce upcoming job cuts
Georgia is feeling the sting of a growing wave of layoffs, with numerous companies issuing WARN notices to announce upcoming job cuts across the state. The Worker Adjustment and Retraining Notification (WARN) Act requires employers with over 100 full-time workers to give a 60-day heads-up before laying off 50 or more employees at a single site, and it seems like this requirement is getting a lot of use lately.
Chain with 1,000 stores closes a major location unexpectedly after 40 years
QuikTrip (QT), the beloved convenience store chain with over 1,000 locations, is closing one of its most cherished stores. After serving the University of Tulsa community for nearly 40 years, the 11th Street QuikTrip will soon be shutting its doors.
A well-known sub chain is shutting down its locations in Washington
Firehouse Subs, the popular sub chain beloved by many, has hit a snag in Washington State, causing quite a stir among its loyal fans. The chain recently shut down its West Richland location in the Tri-Cities area, sparking speculation about the future of other nearby restaurants.
A Major Pizza Franchisee Files for Unexpected Bankruptcy
EYM Pizza, a major franchisee operating 140 Pizza Hut locations across several states, has filed for Chapter 11 bankruptcy protection in Texas. This filing follows a tense legal battle with Pizza Hut over unpaid royalties and underperformance issues.
Mall Restaurant in Tennessee Shuts Down: Declining Foot Traffic Takes Its Toll
It’s a tough time for fans of The Cheesecake Factory in Memphis. The popular chain has officially shut down its Wolfchase Galleria location as of July 14, 2024. This closure means 154 employees are now out of work, adding to the sadness for many who frequented the restaurant.
A big retail chain is shutting down stores all across Maryland
Big Lots is making some tough decisions, and Maryland is feeling the impact. The popular retail chain has just announced the closure of up to 40 locations nationwide, with three of those closures happening right here in Maryland.
A Wisconsin company is laying off thousands of workers
Mercury Marine is laying off around 1,700 hourly employees in Fond du Lac, according to a spokesperson. The company is hitting the brakes with “short-term layoffs,” which will see workers lose eight weeks of work, split into two-week chunks. This move has certainly caught many by surprise.
A large retail chain is shutting down hundreds stores after going through Chapter 11 bankruptcy
Rite Aid is making headlines again, but unfortunately, not for the best reasons. The essential pharmacy chain is closing a staggering 400 stores, a major uptick from the 143 closures initially planned when it filed for Chapter 11 bankruptcy last October.
A major discount retailer is closing stores nationwide
Big Lots is in the news again, and unfortunately, it's not for good reasons. The discount retailer has confirmed that it's closing several stores across the country, with the latest one set to shut its doors in Atascadero, California.
A major clothing brand is pulling out of Washington, D.C., after thieves ransacked one of its stores
Lululemon has shut down its 14th Street location in Northwest Washington, DC. The store’s abrupt closure, which took place on Sunday, July 21, 2024, comes just days after the store was ransacked by thieves.
Bankruptcy filing puts beloved Southern California restaurants in jeopardy
Tender Greens, the beloved Southern California salad chain known for its fresh and vibrant dishes, is facing a tough time. The restaurant’s parent company, One Table Restaurant Brands, recently filed for Chapter 11 bankruptcy on July 17 and 18, putting the future of Tender Greens—and its other business, Tocaya—at high risk.
A department chain is closing a major store in California
It’s the end of an era for Sears enthusiasts as the iconic department store prepares to close its historic Stockton location next month. Once a cornerstone of the community, this closure will leave the retailer with only around 10 stores still operating across the U.S.
A major coffee chain is shutting down a key location in Washington
Big news from the coffee world: Starbucks is closing its popular Alki Beach store in Seattle this summer, and local patrons are not taking it lightly. The closure, set for Sunday, August 11, has sparked a wave of outrage and a passionate petition to save the beloved café.
A betting company unexpectedly lays off 100 employees
Unfortunately, Penn Entertainment is set to lay off around 100 employees, as revealed in an internal email from CEO Jay Snowden. The move comes as the company shifts its focus to bolster its growth strategy for ESPN Bet, its newly rebranded sportsbook venture.
NewsByJoshua
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I spend my leisure time reading, exploring nature trails, and being with my family and sweet dog, Max. My interest in writing started as a student, driven by curiosity and a notepad.
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