Branch Closings

Macy’s Layoffs 2018: 3 Store Closings in California Led to 436 Job Cuts

Macy's Layoffs 2018

Macy’s Inc (NYSE:M) started 2018 off by announcing plans to close 11 stores. The biggest surprise was, seven of the stores were previously unidentified locations. Four stores that were previously scheduled to close included three in California. Macy’s recently filed three Worker Adjustment and Retraining Notification (WARN) reports with the State of California Employment Development Department (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…)

Hobbico Bankruptcy: Declining Sales Led to Filing of Chapter 11, Over 300 Job Cuts Could Follow at Champaign, IL

Hobbico Bankruptcy

Hobby products manufacturer Hobbico, Inc. has gone through the process of filing for Chapter 11 bankruptcy protection. Located in Champaign, Illinois, layoffs could follow as a result of Hobbico’s Chapter 11 protection, leaving 332 employees. Hobbico’s bankruptcy can be attributed to several factors, including heavy debt and, perhaps most importantly, Hobbico’s sales decline over 2017. The (more…)