Branch Closings

Toys “R” Us’ Cost-Cutting Measures: 200 More Closings Due to Massive Debt & Disappointing Holiday Sales

Toys "R" Us Cost-Cutting Measures

The number of Toys “R” Us, Inc. store closings in 2018 has increased by 200. According to The Wall Street Journal, the store closures will be followed by Toys “R” Us corporate layoffs at its headquarters in Wayne, New Jersey. Moreover, the recent Toys “R” Us holiday season sales were quite disappointing as other online and (more…)

Toys “R” Us Layoffs in New York: 5 Store Closings, 289 Job Cuts part of Debt Restructuring

Toys "R" Us Layoffs in New York

Toys “R” Us – Delaware, Inc., has announced that it will close five stores in New York. These store closures are related to the Toys “R” Us bankruptcy filing last September. The Toys “R” Us layoffs in New York will impact about 289 employees. The company’s Worker Adjustment and Retraining Notification (WARN) reports filed on January 26 (more…)

Coca-Cola Closing Bottling Plant in Okmulgee, OK; 246 Jobs Affected

Coca-Cola Bottling

The Coca-Cola Co’s (NYSE:KO) restructuring will result in hundreds of employees in Okmulgee, Oklahoma looking for work. Coca-Cola is closing its manufacturing operations in Okmulgee and consolidating operations with its Oklahoma City bottling facility. The move comes less than a year after the territory in Oklahoma was acquired by Arca Continental (BMV:AC), the second-largest Coca-Cola bottler (more…)

American Bank Branch Closures Accelerated in 2017

Bank Branch Closures

Technology is disrupting many business sectors like never before, include retail, manufacturing plants, restaurants, and even financial services. In 2017, the financial sector saw a big change to its business operations, with 2,069 net bank branch closures. This is an increase of 18%, compared to 2016. The bank branches closing resulted in more than 10 (more…)