Branch Closings

Los Angeles-Based Pacific Alliance Medical Center Closing

Pacific Alliance Medical Center

Hospitals to Close in L.A. The Pacific Alliance Medical Center (PAMC) will be shuttering when its lease expires, leaving 638 employees without jobs. The hospital is being closed due to California’s seismic standards, which would require massive reinvestment into the facility. The hospital was also the target of a federal whistleblower lawsuit that saw the company (more…)

Barnes & Noble and 4 Other Bookstores Closing in U.S., 2017 Amazon Bookstores Expansion a Possible Factor

Challenges for Bookstores in the U.S. in 2017  Bookstore closings are spreading across the U.S. as the industry struggles to adapt to e-books, online shopping portals, and Amazon.com, Inc. (NASDAQ:AMZN) taking up space with brick-and-mortar stores. Smaller stores like Aardvark Books, Seattle Mystery Bookshop, Library Bookstore Inc, and Thrift Books Global, LLC will be shuttering alongside (more…)

Retailer Gymboree Closes 330 Stores to Exit Chapter 11 Bankruptcy, California & Florida Hit the Hardest

Retailer Gymboree Closes Stores

Gymboree Exits Bankruptcy But Will Reduce Its Footprint by Shuttering Hundreds of Stores Across the U.S. Gymboree Group Inc, the children’s apparel retailer, is another casualty in the retail industry massacre that the U.S. has experienced in 2017. The company exits Chapter 11 bankruptcy but will experience about 330 Gymboree stores closing, with some areas (more…)

Chemical Financial Announces Restructuring and 230 Layoffs

Branch Closed

This economic recovery may be the longest since World War II and stocks may be at record levels, but that doesn’t mean America’s banks are doing well. Chemical Financial Corporation (NASDAQ/CHFC), holding company for Chemical Bank, announced plans to shutter dozens of branches and lay off seven percent of its workforce following its recent merger.