Economic Slowdown

Luxottica Retail to Lay Off 208 in Tennessee After Q3 Sales Fell

Luxottica Retail to Lay Off 208 in Tennessee After Q3 Sales Fell

Luxottica to Lay Off 208 at Hickory Hill Facility Luxottica Retail North America Inc. (part of Luxottica Group) filed a WARN notice with the Tennessee Department of Labor and Workforce Development, saying it plans to permanently lay off 208 employees at its Hickory Hill facility in Memphis. In the third quarter, Luxottica reported a decline in its (more…)

Hemlock Semiconductor to Jettison 100 Jobs

Hemlock Semiconductor

The struggles continue for Hemlock Semiconductor Corp. as the company announces plans to eliminate 100 jobs. The job losses will all take place in Michigan, with the majority taking place in the first quarter of 2018. The company, which employees around 800 full-time employees and 800 full-time contracts, will notify the affected workers “in the (more…)

Kroger to Sell Almost 800 Convenience Stores as Grocery War Heats Up with Amazon, Walmart

Einkaufswagen im Supermarkt

Kroger Co (NYSE:KR) said at its annual investor conference that it is looking at selling off its gas station convenience store business, including KwikShop, Loaf’N Jug, and Turkey Hill Minit Markets. The supermarket giant has been facing increased competition from Wal-Mart Stores Inc (NYSE:WMT), Amazon.com, Inc. (NASDAQ:AMZN), and Costco Wholesale Corporation (NASDAQ:COST) and is hoping (more…)