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Tuesday, jun 18
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Tuesday, jun 18
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Bankruptcy
Business
Red Lobster Restaurant Closings: 3 VA Locations Among Dozens Shuttered Abruptly In U.S.
Red Lobster has abruptly closed dozens of locations across the United States. According to a Bloomberg, the fast-casual seafood restaurant has considered filing for bankruptcy. The following locations are listed as being temporarily closed on the Red Lobster website, with some set to be auctioned off. MD: Columbia, Laurel, Silver Spring, Gaithersburg NJ: Ledgewood, Lawrenceville, East Brunswick, Bridgewater PA: Erie VA: Newport News, Williamsburg, Colonial Heights TAGeX Brand, which bills itself as the world's largest after-marketplac…
Business
Major Mall-Based Chain With 15 VA Stores Closing 543 Locations 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 …
News
'Hot As Hell': AC Outage Has Arlington Moviegoers Sweltering Through 'Barbenheimer'
The movie theater was a hot place to be this weekend with the blockbuster releases of "Barbie" and "Oppenheimer" — literally. The air conditioning at Regal Ballston Quarter is out, making for a sweltering experience. "Warning: As of Thursday aka the release of Barbenheimer madness, the air conditioning was nonfunctional at the Ballston theater," one Yelper said. "We checked out the theater, and it felt like 85 degrees in there. We waited 15 minutes in line at concessions for a manager to process our refund. When I told a friend about our experience, she said she went there for a movie a mo…
Business
VA Christmas Tree Shops Store Among 10 National Store Closures
Christmas Tree Shops has announced it will close 10 of its stores after filing for bankruptcy. The 53-year-old discount home-goods chain offers seasonal decor year-round, along with assorted gifts, kitchen items, and furniture. The 10 stores closures are: Rockland County, New York: 32 Spring Valley Marketplace, Spring Valley; Jefferson County, New York: 21182 Salmon Run Mall Loop West, Watertown; Cape Cod, Massachusetts: Davis Straits, Route 28 Falmouth Plaza, Falmouth, Massachusetts; Barnstable County, Massachusetts: Cranberry Highway Route 6A, Sagamore; Lancaster County, Pennsylvania:…
Business
David's Bridal Laying Off 9,200 Employees Amid Bankruptcy Filing
David's Bridal will send more than 9,000 workers home in an upcoming round of layoffs, according to a disclosure form it filed with the Pennsylvania Department of Labor and Industry. The Montgomery County, PA-wedding retailer expects to lay off 9,236 employees nationwide in a three-phase plan that began on Friday, April 14, according to the state website. It's not clear how many of those workers are in Pennsylvania, though the layoffs are expected to affect locations in Blair, Dauphin, Delaware, Erie, Luzerne, and York counties, as well as four shops in Allegheny County, two sho…
News
Feds Charge Exiled Chinese Tycoon With $1B Fraud That Funded $26.5M NJ Mansion Buy, More
Exiled Chinese tycoon Miles Guo was arrested by the FBI Wednesday on charges of swindling his online followers out of more than $1 billion that the government said he used, in part, to buy a 58-room mansion in Mahwah. Some of the agents were still at Guo’s 15-room penthouse in the Sherry-Netherland Hotel on Manhattan’s Upper East Side the afternoon of March 15, six hours after he’d been arrested there, when a mysterious fire broke out on the 18th floor, responders said. No injuries were reported, but authorities said the blaze significantly damaged Guo’s unit. No one drew any immediate conn…
Business
Bed Bath & Beyond Closures Include Nine MD, VA Locations
Nine Bed Bath & Beyond stores across Maryland and Virginia 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 Maryland and Virginia are set to close in 2023: Annapolis, 200 Harker Place Suite 200 Fairfax, 12100 Fairfax Towne Center&…
Business
Here's When The Final Full-Service Maryland Sears Will Be Closing At Francis Scott Key Mall
One of the final full-service Sears locations in the country that still stands in Maryland is not long for this world and will soon be shut down, according to reports. Sears at the Francis Scott Key Mall in Frederick, one of the few active brick-and-motor locations still standing from the once-great department store giant, will reportedly be closing by mid-January as shoppers continue to strip what's left from the bare shelves. The closure date of Sunday, Jan. 15 was first announced by the Frederick News-Post, which reported that the store is sporting massive neon-colored signs stating: "Ev…
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