Core Insights - Grocery stores, including major chains like Price Chopper, are closing at an alarming rate, impacting community access to food and essentials [1] - Price Chopper, owned by The Golub Corporation, operates 131 stores across six states [2] - The Gloversville, New York location will close permanently on January 10, 2026, marking the end of its presence in the city [4] - The closure of the Gloversville store affects 71 employees, all of whom have been offered positions at nearby stores [5] - Price Chopper has been closing underperforming locations across multiple states, indicating broader economic challenges [6] Company Overview - Price Chopper operates under The Golub Corporation and includes Market 32 and Market Bistro banners [2] - The company has a significant presence in New York with 82 stores, followed by Vermont (15), Massachusetts (14), Connecticut (9), Pennsylvania (7), and New Hampshire (4) [8] Recent Closures - The Worcester, Massachusetts store closed earlier in January 2024, affecting 76 employees, with transfers offered to nearby locations [7] - In April 2024, the Clay, New York store closure impacted 103 employees, leaving the community without a Price Chopper, although nearby Syracuse has two locations [9]

Core Insights - The U.S. retail sector is facing significant challenges due to newly imposed tariffs, weaker consumer spending, and rising costs, leading to a wave of store closures [1][10] - Orvis, a well-known outdoor and lifestyle brand, plans to permanently close 36 locations in 2026 as part of a strategy to refocus on its core identity as a fly-fishing and hunting brand [2][3] Company-Specific Developments - Orvis will close 31 stores and five outlets, aiming to return to its roots and enhance its commitment to innovation and community [2][3] - The company has previously made significant cuts, including laying off 112 employees (8% of its workforce) in 2024 and an additional 50 employees (4% of its workforce) in June 2025 [5] - Orvis operates around 80 stores in the U.S. and has a network of over 550 independent dealers [4] Industry Trends - The retail industry is experiencing a concerning trend of mass closures, with announced store closures in 2025 up 67% compared to the previous year [9] - As of July 4, nearly 6,000 retail closures have been reported nationwide, significantly outpacing just over 4,000 new openings [10] - The National Retail Federation projects retail sales growth of 2.7% to 3.7% in 2025, a slowdown from 3.6% in 2024 [8]

LOGIN SUBSCRIBE | FastCo Works advertisement BY Christopher Zara Julie Masino, the restaurant chain's CEO, addressed the logo controversy in an earnings call on September 17, saying it underscored deeply held feelings and a love for the brand among fans. The company reverted back to its old branding and halted a planned remodeling of some of its restaurants in the wake of intense backlash that followed the logo change. Maple Street Biscuit Company, founded in Jacksonville, Florida, in 2012, largely escape ...

Restructuring Plan - Starbucks' board approved a restructuring plan involving coffee house closures and support organization transformation [2] - The restructuring is part of the "Back to Starbucks" strategy under CEO Brian Nickel [2] - The company anticipates the majority of store closures will be completed by the end of the fiscal year [2] - Starbucks expects to incur approximately $1 billion USD related to store closures, support organization transformation, and other restructuring activities [2] - Approximately 90% of these expenses will be attributable to the North America business [3] - Overall company-operated stores in North America will decline by about 1% in fiscal year 2025, accounting for both openings and closures [3] - A significant portion of these charges will be incurred in fiscal year 2025 [3] Strategic Focus - The "Back to Starbucks" strategy focuses on revitalizing coffee houses and enhancing the customer experience [4] - Starbucks assessed its existing store portfolio based on the viability of offering a physical environment consistent with the brand and a clear path to financial performance, closing those that do not meet the criteria [4] - The company is working to build a stronger and more resilient Starbucks, prioritizing investment closer to the coffee house and the customer [5] - Starbucks is restructuring its support organization [5] - Starbucks is moving away from mobile-only stores to provide a different consumer experience [7] Workforce Adjustments - Starbucks is laying off 900 more corporate workers [6] - Starbucks laid off approximately 2,000 corporate headquarters employees earlier in the year [6] Cafe Improvements - Starbucks is projecting approximately 1,000 cafe revamps in the coming year [7]

Group 1 - The number of job cuts announced in the first five months of 2025 increased by 80% compared to the same period in 2024, totaling approximately 696,000 job cuts [1][2] - Job cuts are only 65,000 away from matching the total for all of 2024, which was just over 385,000 [1] - Economic and market conditions, along with federal funding cuts, are significant factors contributing to the increase in layoffs [2][4] Group 2 - Retail job cuts reached nearly 76,000 for the year, marking a 274% increase over 2024, making it the second-highest industry for job cuts after the federal government [4] - Store closures have been a major contributor to job losses, with several retailers shutting down locations due to economic pressures [6] - Notable retailers such as JCPenney, Macy's, and Forever 21 have announced store closures, with Forever 21 winding down its business primarily due to competition [7][8]