99 Cents Only Stores announced on Thursday that it would shut down all 371 of its locations, bringing an end to its operations after more than 40 years in business. The discount chain, founded in 1982, said that it made the decision after conducting “an extensive analysis” of available alternatives with its financial and legal […]
The Pennsylvania Academy of the Fine Arts is permanently closing its doors at the end of the next academic year due to rising costs and declining enrollment. Founded in 1805, it is the oldest private art college and museum in the nation. While its museum will continue operations, the school will no longer offer bachelor’s […]
In just over a decade, over 200 hospitals—many of them in rural areas—have closed down across the United States. This alarming revelation comes from Steve Gruber, the director behind the forthcoming documentary, “Flatline: America’s Hospital Crisis,” set to premiere on Nov. 10, on Epoch TV.
CVS, Walgreens, and Rite Aid are closing thousands of stores across the United States. What are some of the reasons behind the closures? Here with us live to provide his insights on the issue is NTD Business host, Don Ma.
A long-time luxury retailer in San Francisco has sent an open letter to the mayor and governor about the city’s deterioration. The owner says that because of current conditions in the city, the store may have to close after this year.
DETROIT—The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday that it would pause production at eight North American plants during the next two weeks, including two that make the company’s top-selling Chevrolet Silverado pickup. Ford will stop making […]
Costco is closing its photo centers at all of its roughly 800 stores next month, ending a number of services that have a decidedly retro vibe. Four services will no longer be available to shoppers when the centers will shut down on Feb. 14, including ink refills, the ability to take passport photos, photo restoration, […]
Benjamin Nortman, CEO of Hilco Merchant Resources, said, “Kitchen Collection shoppers will be amazed not only by the incredible savings, but also by the great selections available at the closing sale. Iconic brands KitchenAid, Cuisinart, Nordic Ware, Anchor Hocking, Wusthof and Lodge, plus Hamilton Beach exclusive offerings and Kitchen Collection’s own private label are included in this closing sale. We encourage consumers to shop early and take advantage of these offers as we enter into the holiday shopping season.”
Bed Bath & Beyond will close more stores than it originally planned.
The troubled retailer said on an earnings call Wednesday that it will soon close 20 more stores, in addition to the 40 announced in April. The affected stores will be shuttered by the end of the year.
Charlotte Russe is closing all of its remaining 416 stores and going out of business, according to multiple reports. On Wednesday, March 6, a bankruptcy judge in Delaware approved the sale of all of Charlotte Russe’s assets to SB360 Capital Partners, a liquidation company. SB360 Capital Partners describes itself on its website as “one of the oldest, […]
NEW YORK—Lord & Taylor is closing its historic Fifth Avenue location in January 2019, after one final blowout sale. The store just under 105 years old is famous for its Christmas holiday crowd-pleasing window displays. The extravagant display will be missed by many New Yorkers and tourists. Holiday window gazers will soon have to turn to […]
