Online Shopping May Be to Blame for Store Closure Richardson & Nash Clothiers, a men’s clothing shop, is the latest Suffolk closure, and yet another company in the growing list of retailers that have struggled to combat the growing threat from online shopping.
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.
East Houston Regional Medical Center to Shut Down Due to Storm Damage Despite surviving previous storms, the East Houston Regional Medical Center will now be shutting down in the wake of Hurricane Harvey, leading to hundreds of Houston hospital layoffs.
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.
Keller’s Green Grocery in downtown Sioux Falls, South Dakota has shuttered its doors after just one year in business. The urban grocery, once hailed as a key development for the downtown core, closed without fanfare on Friday, November 10. Since then, neither Keller’s owners nor management have responded to interview requests. The company’s web site (more…)
Chicago Brauhaus is closing its doors after serving traditional German food and beer for more than 50 years. The German restaurant is closing on December 11, which means loyal fans have only one more month to order the Brauhaus Special, Eisbein mit Sauerkraut, or Hühner Schnitzel and listen to the dulcet tunes of the Brauhaus (more…)
Perfect World Entertainment, a subsidiary of Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD), announced that it has closed Torchlight and Hob studio Runic Games in Seattle and is laying off staff at Gigantic developer Motiga Games. The China-based company isn’t closing Motiga, but it is facing layoffs, with only support staff being left to keep it up (more…)
Sears Holdings Corp (NYSE:SHLD) announced that it will permanently shutter even more of its Sears and Kmart locations, two of its flagship subsidiaries. The early November announcement comes after a record number of traditional brick-and-mortar stores have closed in 2017. It’s been an especially hard year on Sears and Kmart, which have seen 358 of (more…)
The Miami Medical Center has suspended its patient services and laid off 180 employees as it looks to find more capital or a sale. The 67-bed hospital is working with an investment banking firm to secure capital and has been actively looking for a buyer since July.
Shaw Industries Announces Stuart Plant Closure for End of 2017 Shaw Industries Group, Inc. announced that it will be closing its solid hardwood facility in Stuart, Virginia. After decades in operation, the plant will close by the beginning of January, leaving around 160 employees out of work.