Businesses Closed

Alstyle Apparel Closing California Distribution Center, Laying Off 81 Employees

Alstyle Apparel Closing

Alstyle Apparel is planning to close its doors on its distribution center, which will result in 81 employees receiving a pink slip. All this became public information when the company filed paperwork with the state Employment Development Department. Parent company Gildan Activewear Inc. (TSE:GIL) decided to close the warehouse distribution center as part of its business (more…)

McCall’s Closed: BBQ Restaurant Closure in Clayton, NC Affected 100 Employees

McCalls Closed

A popular restaurant in Clayton, NC—McCall’s Bar-B-Que & Seafood Restaurant—has closed and will not reopen. That leaves about 100 McCall’s employees without work as the owners shuttered the restaurant with no advance warning. With McCall’s closed, the list of North Carolina restaurant closures increases, following a national trend where many eateries have found it difficult (more…)

Mt. Vernon Restaurant Closed after 63 Years Joins List of Chattanooga Restaurant Closures in 2017

Chattanooga Restaurant Closures

Mt. Vernon Restaurant Closes, Ending 63-Year Run Chattanooga, Tennessee said goodbye to a beloved eatery as the Mt. Vernon Restaurant closed down on December 23. The Tennessee restaurant closure will mark the end of a 63-year run under a family that has been involved in the restaurant business for over 100 years. This shuttering follows a (more…)

Retail Industry Woes to Continue in 2018 as Bankruptcies, Store Closures, and Layoffs Expected to Rise

Retail Industry Woes

Amazon.com, Inc. (NASDAQ:AMZN), the e-commerce company, has grown rapidly in the past few years, with its various businesses each having their own value. Its total business is around $995.0 billion, with retail at $600.0 billion, “Amazon Web Services” at $270.0 billion, “Amazon Prime” subscriptions at $70.0 billion, and the advertising section at $55.0 billion. By (more…)

New York Restaurant Closings in 2017: High Rent and Labor Costs Led to Closure of About 100 Eateries

New York Restaurant Closings

Outback Steakhouse, Joe’s Crab Shack, Howard Johnson’s and Other Restaurants Closing in New York City Many famous restaurants in New York City have closed in 2017, the chief factor being the cost of running the businesses. Increases in rent and labor costs are making it hard for the restaurants to make money in the city. (more…)