Joann, the popular fabric and crafts retailer, has confirmed plans to shutter over 500 locations nationwide by the end of May. This significant move comes as the Ohio-based company struggles to reorganize under Chapter 11 bankruptcy protection, affecting thousands of employees and loyal customers. In February, Joann announced it would close roughly 500 of its … Read more
The closure will begin in mid-May, leaving hundreds of employees worried about their financial security and the broader economic future of Sullivan County. Local officials are gearing up to provide assistance and counseling for those affected by this significant layoff. In total, close to 300 workers at the Liberty facility will be dismissed over 14 … Read more
Subway, the renowned sandwich giant, has reported the closure of more than 600 restaurants in the United States over the past year. This dramatic downturn places the brand at its lowest number of domestic stores in two decades, leaving many observers wondering what the future holds for America’s onetime favorite sub shop. In 2015, Subway … Read more
Another well-known pizzeria files for Chapter 11, reflecting the sector’s ongoing struggles. The Orlando, Fla.-based pizza chain recently submitted its third Chapter 11 bankruptcy filing in seven years. This move underscores the mounting financial pressures restaurant operators face, especially in the pizza segment. With so many consumers watching their budgets, soaring operational costs have become … Read more
The beloved craft store chain Joann continues its closure process, with hundreds of stores now permanently closed. Here’s the latest news on the closures and how they may affect you. Joann customers have only a few days left to visit some of their favorite stores. A total of 255 locations across the country are closed … Read more
Liquidation sales have begun, and no rescue financing is expected before the court’s deadline. Founded in 1670, the legendary Hudson’s Bay Company (HBC) has filed for bankruptcy, signaling the end of one of North America’s oldest commercial institutions. With only six stores still operational, the firm has until early May to secure new funding. However, … Read more
Increasing closures at Bank of America, Chase, and Wells Fargo have drawn attention across multiple states. Consumers wonder whether this trend might signal broader shifts in financial services. Several east coast TD Bank branches recently announced closure plans in at least 10 states. Shortly after, Bank of America, Chase, and Wells Fargo filed the necessary … Read more
The packaging giant will cease operations at four locations by the end of April 2025, affecting both hourly and salaried employees across multiple states. International Paper confirmed today that it will close its Red River containerboard mill in Campti, Louisiana, as well as a recycling plant in Phoenix, Arizona, a box plant in Hazleton, Pennsylvania, … Read more
Still grappling with the aftermath of a hefty payout and money-laundering scandal, TD Bank has announced a wave of branch closures across 10 states and Washington, D.C. This move has sparked concerns among customers and local communities, many of whom rely on in-person banking services. In an effort to optimize operations, TD Bank will shutter … Read more
A major shift is underway in the American banking landscape. One of the nation’s largest financial institutions has announced plans to shut down 60 branches across several states. Of those locations, 14 are in New York, leading many residents to question what this development means for their daily banking needs. In its official statement, Flagstar … Read more
A pivotal closure set to impact Brewton’s economy and hundreds of employees. A manufacturing facility that has operated in Brewton, Alabama, since 1976 will shut down its production lines in the coming months, affecting approximately 200 staff members. The plant, owned by Grede LLC, confirmed that the decision was prompted by an inability to regain … Read more
The century-old retailer continues to shrink as it struggles to adapt to the post-pandemic retail landscape. They survived bankruptcy in 2020. They tried to bounce back with new strategies. But now, JCPenney is preparing to shutter seven more stores across the country, marking another setback in its long battle to stay relevant in an increasingly … Read more
Concerns are growing nationwide as Bank of America confirms the shutdown of numerous local branches across the country. Many consumers who rely on in-person services are worried, especially since this move follows a broader trend toward online and mobile banking. In fact, several major American banks have already reduced their physical locations this year. Recent … Read more
A sudden closure sparks questions about the freight sector’s future and financial stability Davis Express Inc., a long-standing trucking firm based in Starke, Florida, has decided to cease operations after 44 years in business. The company will make its final deliveries by April 23 and return all trucks by April 30. Its leadership insists that, … Read more
In a move that has caught the fashion world’s attention, Fossil—headquartered in Richardson, Texas—is preparing to say goodbye to a significant part of its physical presence. For many shoppers, strolling into a Fossil store has long been a familiar routine. Now, that routine will be disrupted. The company has confirmed plans to close 50 locations … Read more
An unexpected move that shakes the crafting world and challenges local economies. One of the nation’s most recognized arts and crafts retailers, Joann, is shutting down all its stores after a failed restructuring deal. A liquidator’s successful bid forced the company into a full-scale liquidation, leaving 19,000 employees—and countless dedicated customers—wondering what comes next. Joann’s … Read more