All Posts Tagged Tag: ‘closing’

Penney Store Closings of 33 Locations Will Cut 2,000 Jobs

On Wednesday, January 15th, J.C. Penney Co. announced the shutdown of 33 stores mainly located in smaller markets that have been experiencing a continual decline in customer visits. According to Chief Executive Mike Ullman, the clothing company chain has experienced a drastic fall in sales and the closing of selective locations will help to improve the performance of the company’s stores. …

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Red Lobster Closing Rumors Put to Bed

It looks like Red Lobster fans can relax, just a little. Despite rabid internet rumors that the seafood chain is closing down, owner Darden Restaurants Inc., claim otherwise. The rumors started a few days ago when LA Weekly posted an article about the uncertain future of Red Lobster. The article was subsequently edited because it did not get all the …

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Britain’s UFO Desk Shuttered: Little Girl to Blame?

Over 4,000 pages of documents recently released by the UK’s Ministry of Defense explain why the MoD opted to close its UFO hotline in December 2009. The Ministry claimed that the UFO desk offered “no [military] benefit” and that, in more than 50 years of operation, nothing that had come across the desk to indicate the existence of extraterrestrial life …

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Blockbuster Closing 300 More Stores in the U.S.

As media consumption shifts to streaming and downloaded products, retailers of physical entertainment media are being forced to change rapidly or die ignoble deaths. At the same time that Blockbuster U.K. has entered administration (bankruptcy) and announced 160 of its stores across the U.K. will be closing, Blockbuster in the U.S. is having similar difficulties. Dish Network, the parent company …

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