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78°
Wednesday, jun 26
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Retail Industry
News
Dollar Tree Sold Lead-Infused Applesauce Pouches For Weeks After Recall, FDA Says
Despite a recall notice and multiple warnings from the Food and Drug Administration, Dollar Tree continued to sell applesauce pouches containing lead for weeks, federal officials say. The popular retail chain was issued a letter from the FDA this month regarding the WanaBana fruit puree pouches, distributed by Negasmart. "As described below, laboratory analysis of multiple lots of WanaBana Apple Cinnamon Fruit Puree pouches, including finished product samples collected from Dollar Tree stores, detected extremely high concentrations of lead," the letter reads. "... you conti…
Business
Stop & Shop To Close Underperforming Stores In Northeast
The future is grim for Stop & Shop's underperforming stores in the Northeast. The grocery giant — which operates 400 stores across Rhode Island, New Jersey, New York, and Massachusetts (where the company is headquartered) — announced plans to close a number of its underperformers in the interest of company longevity, officials confirmed with Daily Voice. Nearly half of the company's stores have been remodeled, and a Stop & Shop spokesperson said those stores continue to perform well. "We're committed to continuing to invest in our stores - as well in our prices - to deliver a great…
Business
Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy
A retailer primarily located in malls is set to close all 543 of its stores following its third Chapter 11 bankruptcy filing. Closures for all rue21 locations are expected to be completed within the next two months with going-out-of-business sales coming soon. Founded in 1970, rue21 specializes in women's & men's casual apparel and accessories. In its filing on Thursday, May 2, the company said, "It became clear that offers to buy the debtors' assets at their current worth could not exceed the expected profits from selling off the closing stores and assets. "As a result, the deb…
Business
Family Dollar, Dollar Tree To Close 1,000 Stores
Discount chain Family Dollar and parent company Dollar Tree will close a combined 1,000 stores. Family Dollar will shut down 600 stores in 2024 and 370 stores over the next several years as store leases expire. Dollar Tree will close 30 locations as leases expire. The company made the announcement Wednesday morning, March 13. Family Dollar has around 8,000 US locations and Dollar Tree has The company said it initiated a review of its stores in the fourth quarter of 2023. It involved "identifying stores for closure, relocation, or re-bannering based on an evaluati…
Business
Macy's To Close 150 Stores, Prioritize Luxury Brands
Macy's plans to close about 30 percent of its remaining stores over the next three years. The 150 closures will be at underperforming locations, with 50 planned for this year, the retailer announced on Tuesday, Feb. 27, unveiling what it is calling "A Bold New Chapter" strategy designed to return Macy’s profitability. "It challenges the status quo to create a more modern Macy’s, Inc.," Tony Spring, chief executive officer of the company said in a statement. "We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, releva…
Business
New Bed Bath & Beyond Store Closures Include 3 Massachusetts Locations
Struggling home goods retailer Bed Bath & Beyond has announced 56 new store closures that it says will be implemented by the end of the calendar year. The closure list includes three locations in Massachusetts: Worcester County: 230 Fortune Boulevard, Milford Suffolk County: 8B Allstate Road, Dorchester Bristol County: 35 Highland Ave., Seekonk The company is due to report its results for the second quarter later this month. Bed Bath & Beyond now has about 900 stores, including those scheduled to be closed. The full list of new closures is available here.
Business
Covid-
19: Four Walmart Stores Being Tested For 'New Era Of Retail,' Senior VP Says
The COVID-19 pandemic has forced one of the country’s largest retailers to reevaluate how it does business in a “new era of retail.” Walmart announced that after being forced to adjust on the fly during the COVID-19 outbreak, it is testing out four new stores across the country that will serve as “both physical shopping destinations and online fulfillment centers.” John Crecelius, Walmart’s Senior Vice President of Associate Product and Next Generation Stores, said that the four stores willl serve as “test centers” where they will rotate different prototype technology in and out of the st…
Business
Amherst Could Pay You To Shop And Eat In Town
To help small businesses during the COVID-19 pandemic, the Amherst BID is awarding gift cards to people who shop in the town's stores and eat at its restaurants. The Amherst Downtown Business Improvement District (BID) announced Thursday, Oct. 7, the launch of its “Take the Pledge” campaign. From now until Dec. 31 people can turn in their receipts from an official checklist of restaurants, retailers, and services or salons to be entered to win one of three prizes: $100-$500 in Amherst Area Chamber of Commerce gift cards. “As our town navigates through the pandemic during the fall and early…
Business
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said. "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…
Business
Town-by-Town: 350 Employee
Covid-
19 Complaints Filed Against WMass, Worcester Co.s
Massachusetts has received hundreds of employee complaints alleging their workplaces are not meeting state safety and compensation standards during COVID-19. In March, the Massachusetts Attorney General started tracking worker complaints related to COVID-19. As of Friday, Aug. 7, Massachusetts workers had filed about 350 complaints against employers. The most heavily represented industry on the list is hospitals/nursing homes - over 50 complaints. The most common complaint was the nonpayment of wages. Of the complaints, 38 said they were retaliated against for coming forward with a grievan…