John Whitefoot

John Whitefoot is an editor at Lombardi Financial, specializing in low-priced investment opportunities. John has been a financial writer since the late 1990s and has written on everything from penny stocks to blue chip stocks to the broader issues that affect the stock market. John has profiled more than 1,000 low-priced stocks, researching and covering numerous sectors including health care, media, manufacturing, IT, education, hospitality, natural resources, and retail. As an editor at Lombardi Financial, John has enhanced his understanding of economics, turning his attention to individual stocks and other investing opportunities. John is primarily a fundamental analyst. His focus is on “off-the-radar” situations with big upside potential for the individual investor. Outside of his professional life, John stays active through tennis and sailing. He also enjoys collecting antiquarian books and art. You can contact John at j.whitefoot@americaclosed.com

Lord & Taylor Closing Annapolis, Maryland Store, Resulting in 141 Layoffs

Lord & Taylor Closing Store

Lord & Taylor LLC filed a Worker Adjustment and Retraining Notification (WARN) report with the Maryland Department of Labor, Licensing and Regulation, affecting 141 employees. Hudson’s Bay Co (TSE:HBC), which owns the luxury Lord & Taylor brand, said the Annapolis, Maryland store will close between April 15 and 28. “Through the regular course of business we (more…)

NerdWallet Job Cuts: Revenue Losses & Inefficiency Lead to 53 Layoffs

NerdWallet Job Cuts

NerdWallet Conducts 3rd Round of Layoffs in 2017 NerdWallet, Inc. announced that it has laid off 53 employees, which was 11% of its workforce. The privately held San Francisco-based company said that the layoffs were a result of employees not hitting profitability goals. NerdWallet’s revenue has been falling, and the company has been missing its 2017 (more…)

Disney Parks and Resorts Layoffs: Disney ABC, ESPN Revenue Declines Factor in Job Cuts

Disney Parks and Resorts Layoffs

Walt Disney Co (NYSE:DIS) announced 145 Walt Disney Parks and Resorts layoffs amid restructuring at the company. The amusement park giant reported lackluster fourth-quarter earnings. While the theme park division did well, the rest of the company reported declines in revenue and operating income, with ESPN and other subsidiaries facing financial pressure. Restructuring at Walt (more…)

TechShop Closed? Makerspace Files for Chapter 7 Bankruptcy, Closes U.S. Locations

TechShop Closed All U.S. Locations

Unexpectedly, TechShop closed all 10 of its locations across the U.S. The chain of subscriber-based do-it-yourself (DIY) workshops shuttered its doors on November 8, 2017 after years of mounting operating losses. TechShop said it hadn’t been profitable and was filing for chapter 7 bankruptcy, which entails full liquidation instead of chapter 11, which would involve reorganizing.

UMass Boston Layoffs: Cost-Cutting Measures Required, Poor Management Puts University in Budget Deficit

UMass Boston Layoffs

University of Massachusetts Boston (UMass Boston) administrators are laying off staff as the university struggles to solve its massive budget deficit. In the first round of layoffs, UMass Boston is jettisoning 43 employees. The public research university is facing a serious budget deficit that could reach $30.0 million this year. The UMass Boston layoffs could (more…)

Porter’s Group Shutters Kings Mountain Plant, 133 Out of Work

Fenced off Abandoned Factory

Metal fabrication company Porter’s Group, LLC filed a Worker Adjustment and Retraining Notification (WARN) report with the North Carolina Department of Commerce, announcing a total of 133 permanent layoffs at its Kings Mountain facility in Cleveland County. The company filed the notice on November 13, but the closure and layoffs were effective November 10.