Incomplete list of announced closings and layoffs.
Arizona: In Tucson, after 25 years in business Anthony’s In the Catalinas upscale (they sold bottles of wine as high as $13-thousand USD) restaurant closed down. The restaurant’s wine steward blames the bad economy, saying business crashed back in 2008: “I thought we would have closed down years ago. When the market crashed, people didn’t have expendable income any more.”-Joseph Mascari, sommelier
California: In Culver City and Mountain View, Symantec laid off 20 employees.
Florida: Plastic surgery promoter SRAI now bankrupt. Company officials blame lawsuits (maybe the company officials never heard the phrase “truth in advertising”?). Too Big to Jail Bank of America lays off another 150 people in the Sunshine State! In Tampa, Too Big to Jail Mortgage Bank laid off 435 people!
Illinois: Semi truck maker, Navistar International, laid off another 500 employees countrywide. Navistar laid off 140 people in August, Company officials said they were hoping the economy was actually recovering, but their hopes were dashed. But are their claims of economic woes true? In 2011 the company reported huge profits, yet turned around and began closing factories and laying people off, and they’ve been selling off divisions and laying off employees off ever since!
Massachusetts: In West Boylston, the Ace Hardware in the Meadowbrook Plaza closed. It’s blamed on a greedy landlord who jacked up the rent to force Ace out. The landlord thinks they can make more money by dividing up the building into smaller store spaces (I’ve seen that happen here in Idaho, it’s a big fail and it caused lots-o-job losses!).
Minnesota: In Minneapolis, aerospace company SIFCO closing its turbine repair factory and laying off 50 employees. Company officials blame it on the continued crashing and burning in the aviation industry.
Missouri: In South Saint Louis, after 58 years of operations Manzo Importing Company imported foods grocery store shut down. The owner said he’s focusing on wholesale restaurant supply only, he blames it on the bad economy: “When you have put all of your personal money into a business, have worked it as best as you can, and it’s still not making what it should.”-Pete Manzo
Nebraska: In Beatrice, Once Upon a Page scrapbooking supply store closed down. The owners say they have to tend to aging parents and grandchildren.
New York: In Riverhead, The Red Collection consignment shop shut down. The owner said dealing with a greedy landlord, and running shops in North Carolina was too much. In Brooklyn, Too Big to Jail JPMorgan Chase closed an office, 35 people out-o-work.
North Carolina: In Wilmington, Carolina Farmin’ grocery store closed on Main Street, after only two years of business. The company blames it on a greedy landlord who wanted to jack up the rent.
Tennessee: The Christian God can’t stop the YMCA from closing three of its 23 operations. Officials with the Young Men’s Christian Association said it’s necessary to “ensure long-term stability”.
Washington: In Bellingham, Merch Bot toy/novelty store shut down. The owner said the sales were good, but profit margins on novelty/gag gifts are bad. In Sequim, another Mitt Romney Staples store shut down. Local news media tried to interview the manager, but he said the Mitt Romney founded corporation issued a gag order.
Wisconsin: Whoever thinks internet sales are booming never heard of major fail Alice.com. The internet retailer based in Middleton shut down. Alice.com ceased ops less than two years after getting $3-million in private funding, but funding dried up in 2013. Obviously you can’t make enough selling on the internet to go without debt financing. There was a warning when company officials shut down their Spanish website. Officials in Spain revealed the lack of funding.
The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shut down.
“Our ideals and principles, as well as our national security……..That’s what makes America different. That’s what makes us exceptional.”-Barack Obama, 10 September 2013