closing

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Bed Bath & Beyond to Shut More Stores

Company says it's lined up $1B to head off bankruptcy filing

(Newser) - Despite raising more than $1 billion to head off bankruptcy, Bed Bath & Beyond says it's going to close another 150 stores. Both developments were reported Monday in a regulatory filing, NBC News reports, as the company attempts to reorganize its finances. It already had announced that 200 stores...

After Tiff With NYT, a New Broadway Show to Close

Producers of 'KPOP,' first Broadway play about Koreans by Koreans, cite 'casual racism' in review

(Newser) - Sunday is the last day to catch KPOP on the Great White Way, per an announcement of what Playbill calls an "unusually abrupt" closing. The musical, which opened Nov. 27 at Manhattan's Circle in the Square Theatre, tells the story of a group of Korean pop superstars who...

Pier 1 Closing Half of Its Stores
Pier 1 Closing Half of Its Stores
Jan 7, 2020 7:21 AM CST

Pier 1 Closing Half of Its Stores

300 employees to be laid off at corporate HQ: Bloomberg

(Newser) - Pier 1 Imports is planning to close nearly half of its 942 stores in the US and Canada, as well as some distribution centers. Monday's announcement—meaning layoffs for 300 people, or about 40%, of staff at its headquarters in Fort Worth, Texas, per Bloomberg —came as the...

Every McDonald's in This Nation Shuttered for 2 Days

After 2 teen employees were electrocuted in Lima, Peru

(Newser) - Every McDonald's in Peru shut down for two days this week to mourn two teen workers who died while working a night shift over the weekend. The bodies of 18-year-old Gabriel Campos Zapata and Alexandra Porras Inga, 19, were found by emergency workers in the Lima restaurant Sunday morning....

CVS Closes 46 Stores. See If Yours Is On the List

46 stores closed nationwide in April

(Newser) - CVS Health has closed 46 "underperforming" stores, or fewer than 1% of some 9,600 locations nationwide, as it shifts its retail strategy. Taking a $135 million hit, CVS initiated the closures in April under a plan to reduce floor space for retail products and embrace more health care...

This Will Soon Be the Last Blockbuster in the World

And it's in Bend, Ore.

(Newser) - Pretty soon there will be only one spot left to rent a Blockbuster video: Bend, Ore. Bend's Blockbuster location, the subject of a documentary in the works, will be the last one standing when Australia's Blockbuster in the Perth suburb of Morley closes its doors at the end...

Victoria's Secret Is Closing a Lot of Stores

More than 50 locations will be shuttered as brand competes with big-box retailers, startups

(Newser) - Victoria's Secret has seemingly been operating under the "if it ain't broke, don't fix it" mantra, which for its specific purposes meant continuing to promote its brand through a long-successful campaign of celebrity supermodels and pushup bras. Except now it appears that business model may be...

Restaurant Mocked by NYT Is Now Gone for Good

Guy's American Kitchen & Bar, subject of much mockery, served its last meal on New Year's Eve

(Newser) - It started with a scathing New York Times review , followed by pushback from the celebrity chef in the hot seat, and now the saga is ending with a high-profile restaurant closure. The AP reports that Guy Fieri's Times Square eatery, Guy's American Kitchen & Bar, has closed down...

For Rural Towns, Losing Walmart Can Be a Disaster
Walmart's Shifting Strategy
Is a Gut Punch to Rural US
in case you missed it
Jul 15, 2017 3:58 PM CDT

Walmart's Shifting Strategy Is a Gut Punch to Rural US

For Exhibit A, look to McDowell County in West Virginia

(Newser) - Reporter Ed Pilkington points out in the Guardian that much has been written about what happens when Walmart opens a store in a particular community. Less so about what happens when Walmart closes a store. Thus, he digs into the consequences for rural McDowell County in West Virginia, where the...

RadioShack's 'Bleak' Ending Is Playing Out Online

Depressing tweets as once-giant retailer shuts more than 1,000 stores

(Newser) - As we all headed back to work after the Memorial Day weekend, little did we know that our options for purchasing germanium diodes, walkie-talkies, and electrolytic capacitors were starting to cruelly be yanked away. RadioShack has shuttered more than 1,000 of its storefronts since the holiday weekend and says...

Fallen Child of the 2000s: Juicy Couture

60 stores to remain open overseas, but US locations are going bye-bye

(Newser) - Juicy Couture, creator of the terrycloth and velour tracksuits worn by children, retirees, and Britney Spears alike, will close all its US stores by the end of this month. That according to a Racked report picked up by the Huffington Post , which pinpoints when many heard the bell toll for...

Cash-Squeezed Calif. to Close Offices Twice a Month

Labor unions file suit opposing cost-saving move

(Newser) - In another creative and/or desperate budgeting move from the Governator, California state offices will close 2 days a month, the Wall Street Journal reports. The state is low on cash and facing a budget deficit expected to swell to $42 billion deficit over the next 18 months. The days off,...

In Rare Move, Toyota to Suspend Production in Japan

11-day break amid shrinking demand is first since 1993

(Newser) - Toyota is suspending production at all 12 of its Japanese plants for 11 days over February and March, a stoppage of unprecedented scale for the nation's top automaker as it grapples with shrinking global demand. The last time it halted production at all its Japanese plants was in August 1993,...

Optimism Sends Stocks Surging
 Optimism Sends Stocks Surging 
markets
Jul 30, 2008 3:50 PM CDT

Optimism Sends Stocks Surging

Investors brush off news of spiking oil prices

(Newser) - Wall Street soared for the second straight day today, rallying in the last hour of trading after a rebound in financial stocks and optimism about private sector jobs helped investors brush off a sharp jump in oil prices. The Dow rose 186 points to 11,583.69, the S&P...

Chrysler Will Shut Down for 2 Weeks
Chrysler Will Shut Down
for 2 Weeks
Mar 13, 2008 1:32 PM CDT

Chrysler Will Shut Down for 2 Weeks

Forced July vacation part of automaker's revamping effort

(Newser) - Chrysler plans to shut down all operations for two weeks in July to save money and “accelerate Chrysler's recovery and transformation,” CEO Robert Nardelli writes in a company memo. Employees will take a forced break July 7-20 “in order to create better alignment and efficiency across organizational...

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