Apr 11

Joe’s Sports and Outdoor Closing Shops

Posted in: Uncategorized

joe_logo_holidayJoe’s Sports and Outdoors has announced that it will be closing down all 31 shops, ending 57 years of business in what is obviously a cause from the continued economic downturn hitting the world today. A massive, Going-Out-of-Business sales event starts storewide Friday, April 10th.

“This historical event will mark the end of an era,” said Thomas Lonabocker, a principal at Gordon Brothers Group. “Consumers will find great values on all merchandise at every store location. Those who arrive first will be able to choose from the broadest selection.”

Joe’s has lowered prices on its entire inventory, which includes team sports apparel; fan gear; fitness equipment; indoor & outdoor games and equipment; backpacks; sunglasses; watches; fishing, camping and hunting gear; and much more. Consumers can find incredible values on top brands that include Adidas, Coleman, Columbia, Sketchers, The North Face, and more.

(Source) Press

No Comments | Tags: , , , , ,
Jan 09

Macys to Close 11 Stores

Posted in: Uncategorized

macyAnother business bites the credit crunch bug and this time it is Macys. This popular department store announced the closing of 11 underperforming stores in nine states which means that over 900 employees stand losing their jobs. This came in the light of evaluating their holiday season’s sales, the weakest output in years.

This development is not surprising. Most businesses are assessing the performance of their stores and personnel and have to make some changes. Hard as it may, keeping a below par store up will only mean more expenses and unfortunately, heads have to roll as well.

Stores slated to close include locations in Los Angeles, West Palm Beach, Fla., Nashville, Tenn., and St. Louis, among others. Cincinnati-based Macy’s Inc. says the closures will cost about $65 million, most of which will be booked in the 2008 fourth quarter.

(Source) Yahoo Finance

No Comments | Tags: , , , , , , ,