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

American Girl Lays Off 57 Employees Across 13 Locations Nationwide

American Girl layoffs

Layoffs Hit Wisconsin, Arizona, Washington State American Girl Brands LLC launched its newest doll, Luciana, an aspiring martian astronaut, in early January—then the company jettisoned 57 employees. American Girl announced 57 layoffs at 13 different locations across the country. Of the 57 layoffs, 21 occurred at Wisconsin facilities. The remaining 36 layoffs occurred at 10 (more…)

Wal-Mart Stores Inc Closing 63 Sam’s Club Stores: Illinois Leads the List of Closures

Sam's Club Store Closings

Walmart giveth and Walmart taketh away. On Thursday, Wal-Mart Stores Inc (NYSE:WMT)–which will be changing the company name to “Walmart” effective February 1–announced it was raising the starting hourly wages for its U.S. employees to $11.00, expanding employee benefits, and offering workers bonuses of up to $1,000. However, it then unexpectedly announced it was permanently (more…)

Kentucky Electric Steel Closing Ashland Plant, 113 Out of Work

Kentucky Electric Steel Closing Plant

Kentucky Electric Steel will be shuttering its plant in Ashland, Kentucky on March 10, resulting in 113 job cuts. The company cited “current business challenges” as the reason. and said that the closing of the plant is expected to be permanent. Some unionized workers may have bumping rights, which means they could take the jobs of (more…)

Brookstone Store Closing Adds to List of Retail Store Closures in SouthPark Mall, Charlotte, NC

Brookstone Store Closing

Brookstone, a nationwide specialty realtor known for its consumer gadgets and electronics, is closing its store in the SouthPark Mall in Charlotte, North Carolina at the end of January. The mall, which is owned by Simon Property Group Inc (NYSE:SPG), said no new tenant has been announced yet for the soon-to-be vacant space. Brookstone is just (more…)

Grey Jettisons 2.2% of Employees at NYC Headquarters After Losing Papa John’s Account

Papa John’s layoff

Grey Advertising’s New York branch has kicked off 2018 with a round of layoffs. The advertising company announced it is laying off approximately 2.2% of the staff at its Manhattan headquarters. The company employs more than 1,000 people; this implies a total workforce reduction in Manhattan of around 25 people. An agency representative said, “While it’s (more…)

Flambeau River Papers Hit By Layoffs; 82 Employees Out of Work

Flambeau River Papers

Flambeau River Papers LLC has idled its largest paper machine at its mill in Park Falls, Wisconsin. The move will leave 82 of their 289 employees, or 28% of its total workforce, out of a job.  The company blames the layoffs on increasing production costs and decreasing sales. According to a company statement provided by (more…)

Telvista to Close Danville Facility, Leaving 300 Out Of Work

Telvista

Contact center company Telvista has announced a round of massive layoffs. The company filed a Worker Adjustment and Retraining Notification (WARN) report with the Virginia Employment Commission announcing plans to permanently shutter its call center facility at 119 Cane Creek Boulevard in Danville, Virginia. The closure will take place on March 7, 2018 and result in (more…)