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Retail Industry

400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program 400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program
400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program More than 400 employees will lose their jobs as REI closes its Experiences program, ending the adventure travel and outdoor education programs that have been part of the retailer’s identity for 40 years. REI announced the shutdown of its Experiences division in a news release on Wednesday, Jan. 8. The decision will result in 438 layoffs for 180 full-time employees and 248 part-time guides as the company shifts focus to its core business. The retail chain cited ongoing financial challenges as the reason for ending the program. Experiences included adventure travel, day to…
Last Full-Size Kmart Store In US Set To Close: Here's Where, When Last Full-Size Kmart Store In US Set To Close: Here's Where, When
Last Full-Size Kmart Store In US Set To Close: Here's Where, When The nation's last remaining full-size Kmart discount department store is just weeks away from permanently closing, according to a new report. The New York store, located on Long Island, will close on Sunday, Oct. 20, a store employee told NBC affiliate WJAR in Providence on Sunday, Sept. 22. The store is in Bridgehampton on Montauk Highway (Route 27). A smaller format store in Miami, Florida remains open, the report said. Kmart operated around 2,500 stores at its peak in the early 90s, according to government filings. It merged with Sears in 2005. Earlier remaining full-size Kmart stores…
New Update: Stop & Shop Announces 32 Store Closings, Including 5 In CT New Update: Stop & Shop Announces 32 Store Closings, Including 5 In CT
New Update: Stop & Shop Announces 32 Store Closings, Including 5 In CT This story has been updated. Stop & Shop announced they plan to close 32 underperforming stores, including five in Connecticut.  The company said on Friday, July 12, that the closures allowed it to take the next steps in its plans to position the company for growth. Following the closures, Stop & Shop will continue to have a strong presence across its five-state footprint, with more than 350 stores. The impacted stores include:  100 Division St., Ansonia, New Haven County 855 Bridgeport Ave., Milford (1360 East Town Road, Milford will remain open), New Haven County 21…