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Saturday, jan 25
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Retail Industry
Business
18K+ Costco Workers Approve Strike Over Wholesaler's 'Greed': 'We Are The Backbone'
Workers at America's largest wholesale retailer may soon go on strike as the corporation has seen profits skyrocket in recent years, union officials said. Costco workers nationwide voted by an overwhelming 85-percent margin to authorize a strike, the International Brotherhood of Teamsters said in a news release on Monday, Jan. 20. The Teamsters cited the retail giant's dramatic surge in net profits and refusal to offer a fair contract. More than 18,000 union-member employees are set to strike if a new agreement isn't reached by the time the current one expires on Friday, Jan.…
Business
Macy’s Closing 4 PA Locations Including Wanamaker Center City Philly Store
Macy’s, Inc. confirmed Thursday, Jan. 9, that its Center City Philadelphia store in the historic Wanamaker building will close, along with three other Pennsylvania locations, as part of the company's nationwide "Bold New Chapter" strategy. The Wanamaker building store at 1300 Market Street will shut its doors permanently, along with Macy’s locations at: Logan Valley Mall Exton Square Mall Wyoming Valley Mall These closures are part of Macy’s plan to eliminate 150 "underproductive stores" over three years, allowing the retailer to focus resources on 350 "go-forward" locations nationwide, …
Business
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…
Business
Big Lots To Close 5 More Pennsylvania Stores
Things have gotten worse for the discount retailer Big Lots. The national chain was previously set to close approximately 300 stores, then they decided to close 40 more, but following a new filing with the Securities & Exchange Commission on Friday, Oct. 4, the impending closure of another 150 stores nationwide has been announced. The store closures are part Chapter 11 bankruptcy process. This latest round brings the total number of planned and completed closures to about 500. Big Lots had 73 stores located in the Keystone State when this process started, at the tim…
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
Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy
A major retailer primarily located in malls and headquartered in Pennsylvania 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. The company, headquartered in Pennsylvania outside Pittsburgh, had first filed for bankruptcy in 2003, and then for a second time in 2017, when it closed around 400 stores. Founded in 1970, rue21 specializes in women's & men's casual apparel and accessories. rue21 has locations in …
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
Bed Bath & Beyond Closures Include Four Pennsylvania Locations
Four Bed Bath & Beyond stores across Pennsylvania are among 87 locations scheduled to close in 2023, the struggling retailer announced. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. The following locations in Pennsylvania are set to close in 2023: Bethel Park, 1700 Oxford Drive North Wales, 1261 Knapp Road Pittsburgh, 160 Quinn Drive Mon…
Business
Bed Bath & Beyond To Shutter This Pennsylvania Location
One Pennsylvania Bed Bath & Beyond store will shutter by the end of the year, the company announced this week. The company said earlier this year it planned on closing 150 stores, and on Thursday, Sept. 15, released a list of 56 that will close by the end of 2022. The Pennsylvania store closing is in Wynnewood, located at 70 E. Wynnewood Blvd. Pennsylvania has 23 Bed Bath & Beyond stores. The CEO of the home good retailer leapt to his death early this month from a New York City building. Shares in Bed Bath & Beyond dropped sharply in August, after the company ann…
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