09 April 2015 (15:07 UTC-07 Tango 01)/20 Farvardin 1394/19 Jumada t-Tania 1436/21 Geng Chen 4713
“These American markets are ready for more consolidation…..We will be at the forefront of consolidation…..we should every year review all the stores and if every year we have to close ten stores…do it.”-Stefano Pessina, acting CEO of Walgreens Boots Alliance
Administrators of the […] Continue Reading…
The retail exodus continues in New York as Sears Holdings announces that their 35 years old Sangertown Square Sears & Auto Center, in New Hartford, will shutdown in July. Local news reports indicate the mall management knew for some time the store was going to close.
In Pennsylvania, Sears Holdings announced they will shutdown their Mount Pocono […] Continue Reading…
“Ultimately, the liquidity provided by the REIT capital raise cannot address the underlying poor performance of its retail business, and our credit analysts believe that Sears will need to close hundreds of additional stores.”-JPMorgan Chase
“If its goal is to survive as a retailer, Sears will need to get better at selling the stuff on […] Continue Reading…
06 April 2015 (13:52 UTC-07 Tango 01)/17 Farvardin 1394/16 Jumada t-Tania 1436/18 Geng Chen 4713
Some east Idaho Post Offices have posted collection time changes (“Due to operational changes…”) for parcels and letters dropped off at their location. The new collection times are 30 minutes earlier than normal and go into effect on 18 April […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
Bermuda based on-shore oil rig company Nabors Industries revealed they’ve killed off at least 35-hundred jobs in the United States! While administrators told news media it was because of oil prices, CEO Anthony Petrello admitted to investors that the true reason is “They are shedding rigs based […] Continue Reading…
Incomplete list of announced United States food supply shutdowns for the month of March, 2015: Many food suppliers/distributors are consolidating operations and killing jobs due to the collapsing grocery store and restaurant industries, as well as rising costs of food production.
Netherlands based grocery store chain Ahold announced it will shutdown support offices in Massachusetts […] Continue Reading…
26 March 2015 (15:45 UTC-07 Tango 01)/06 Farvardin 1394/05 Jumada t-Tania 1436/07 Ji Mao 4713
“…these are brands that I like 30 plus years ago and I like them today, and I think I like them 30 years from now.”-Warren Buffett, after merging his Heinz with Kraft and then announcing $1-billion USD in job cuts
Yes, […] Continue Reading…
In 2014 there was word that a vacant Michigan Kmart would be replaced with a World of Beer store, not no more.
The News Herald reports that World of Beer has changed its mind about moving into the Woodhaven Kmart. Local city administrators assume that World of Beer and the property owner couldn’t agree on […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
An east coast health insurance company is killing jobs, no thanks to Obama Care. Highmark laid off almost 1-hundred people in Pennsylvania, Delaware and West Virginia! Administrators admit that since Obama Care went into effect they’ve actually lost customers, so much so that they have to make drastic cuts! […] Continue Reading…
In Longmont, Colorado, plans were unveiled for a Kmart property that’s been vacant for the past five years (before I started this shutdown list). It sounds ‘racist’ to me but local city and retail administrators are calling it 11 acres of “Latino Marketplace”. Plaza Medina will be the new name and will offer retail and […] Continue Reading…