Shoppers in California, Arizona and Nevada should keep an eye out for disappearing grocery stores, after the Fresh & Easy chain announced it’d be closing 50 stores in the three states and redesigning the rest. That’s about a third of its total stores after emerging from bankruptcy under new ownership in the fall of 2013. [More]
To a person, the one thing visiting friends always said to me after I moved to New York City was: “It’s crazy how late bars are open here!” Crazy, maybe, but last call is at 4 a.m., and not 2 a.m. like many other establishments across the country. One California lawmaker has apparently been visiting pals in the Big Apple because he wants his state to adopt those later hours for last call. [More]
Just when we thought that we were done with liquidations for awhile — Virgin decided to close and liquidate all their US stores.
Starbucks is closing an additional 300 stores, says the Seattle Times, and will eliminate 700 non-store and 6,000 store jobs. The store closings will save the company $500 million per year. Meanwhile, the company is trying to sell a fancy corporate jet it bought last month for $45 million. Read CEO Howard Schultz’s memo to employees inside.
Home Depot will close 34 “Expo Design Center” stores as the demand for massively overpriced toilets and light fixtures appears to be waning. Actually, never mind… Home Depot says that Expo was always a failure. “Even during the recent housing boom, it was not a strong business,” they said.