Category Archives: Business/Economics

Business/Economics

Sears & Kmart closing update, 27 January 2015: New executives have track record of destruction? Options trading suddenly skyrockets! Majority owner dumps stocks! Sofia Vergara dumps Kmart!

Sears Holdings has killed off 115 jobs, 100 of which were at its Hoffman Estates HQ in Illinois!

Sears Holdings also (through Kmart Retail) issued a WARN saying an Indiana Kmart is going down on 12 April 2015, layoffs begin 05 April 2015.

Sears Holdings has a new Senior Director of Asset and Profit Protection, Brian Broadus.  He worked for Bed, Bath & Beyond, Walmart, Ross, JCPenney and the Gap.  Note that most of those operations are in trouble.

Sears Canada has a new CEO, Ronald D. Boire.  His former positions are Executive Vice President, Chief Merchandising Officer, and President of Sears and Kmart Formats and Sears Holding Corporation, as well as Executive Vice President at Best Buy, President at Toys R Us, Global Merchandise Manager at Sony and as President and CEO at Brookstone.  Note that all those operations are in trouble.

News reports that on 26 January 2015, ‘put options’ trading of Sears Holdings skyrocketed by 518%!  Put options are when stockholders set a date and price at which time they will automatically dump their shares of stocks.

On 21 January 2015, majority stock holder Fairholme (owned by Jewish vulture capitalist Bruce R. Berkowitz) dumped 117-thousand shares of Sears Holdings stocks!  Fariholme made more than $5-million USD off the dump!

After four years, Sofia Vergara is ending her relationship with Kmart.  The actress is taking her clothing line elsewhere and is “looking forward to pursuing new opportunities in the apparel world”.

update, 26 January 2015: Kmart to be split up & sold off?

Here’s the updated list of U.S. Sears/Kmart store closings that I’ve been compiling since the end of 2011:

Arizona: Scottsdale Sears/Great Indoors, Chandler Sears/Great Indoors.

Alabama: Gadsden Kmart (50 jobs lost), Mobile Sears (at least 40 jobs lost), Auburn Kmart (at least 40 jobs lost), Anniston Kmart (no word yet on how many jobs lost), Birmingham Eastwood Kmart (70 jobs lost), Decatur Mall Sears (91 jobs lost), Fort Payne Kmart, Northport Kmart (68 jobs lost), Dothan Sears (68 jobs lost), Huntsville Kmart (73 jobs lost).

California: El Monte Sears (at least 40 jobs lost. Damien Arrula, El Monte’s economic development director, said the store manager had lied about what was going on: “The general manager of the store had just indicated to me that they were remodeling.”), two San Diego Sears (more than 80 jobs lost), Pleasant Hill Kmart (more than 50 jobs lost), Torrance Kmart, Fairfield Kmart (63 jobs lost), Lampert owned OSH taken over by Lowe’s home improvement in bankruptcy court, at least 17 of 99 stores to be closed down (935 jobs lost!), Rancho Cordova Kmart (97 jobs lost), San Clemente Kmart/Sears/Kmart on Camino de Estrella (58 jobs lost), placed on an official hit list in 2011 the Oceanside Kmart on College Boulevard finally being shut down, Banning Kmart (91 jobs lost) recently revealed that Sears Holdings is still paying rent on the abandoned property, Laguna Hills Mall Sears, San Diego Mid-City Kmart (73 jobs lost), Hemet Kmart (77 jobs lost), Oakland Sears repair center (75 jobs lost), San Mateo Kmart (82 jobs lost to an apartment building connected to public transportation), Hesperia Kmart building sold at a loss to a vulture capitalist REIT, no word on if the Kmart will be shutdown. Customers complain that the Kmart employees have a bad attitude, gee I wonder why? Yuba City Kmart (63 jobs lost), Rocklin Kmart (at least 63 jobs lost, the store had just posted “Now Hiring” signs), San Leandro Kmart (102 jobs lost), San Jose Mercury News says the El Centro Kmart to shutdown in January, the website Foursquare says the Covina Kmart is now shutdown (other sources say it will shutdown in December), Cupertino Sears and Auto Center (number of employees affected not made public, no WARN filed), somebody posted on yelp* that the Diamond Bar Kmart was shutting down in December (confirmed by Armijo Newspapers).

Colorado: Broomfield Kmart (at least 40 jobs lost), Glenwood Springs Kmart (at least 40 jobs lost), Lone Tree Sears/Great Indoors, Longmont Sears (at least 40 jobs lost), Pueblos’ South Side Kmart (52 jobs lost), Denver Kmart (number of jobs lost have not been made public at this time, but could be at least 40), Colorado Springs Kmart at Powers and Palmer Park boulevards (57 jobs lost), Fort Collins Sears (67 jobs lost), Denver-Cherry Creek North Sears store & Auto Center (66 jobs lost).

Connecticut: Waterbury Big Kmart, Torrington Kmart (73 jobs lost), Enfield Sears Optical (no word on jobs lost).

Delaware: Dover Kmart (at least 72 jobs lost, some reports said 100), Seaford Sears (30 jobs lost), Claymont Kmart (87 jobs lost).

Florida: Fernandina Beach Kmart (at least 40 jobs lost), Callaway Kmart (at least 40 jobs lost), Orange City Kmart (at least 40 jobs lost), Deland Sears (at least 40 jobs lost), Stuart Sears (at least 40 jobs lost), West Palm Beach Sears (at least 40 jobs lost), Port St. Lucie Sears (at least 40 jobs lost), Crystal River Sears (at least 40 jobs lost), New Smyrna Beach Kmart (at least 40 jobs lost), Saint Augustine Kmart (at least 40 jobs lost), Pompano Beach Kmart (at least 40 jobs lost), Jacksonville Kmart on 5751 Beach Boulevard (71 jobs lost), second Kmart in Jacksonville on 4645 Blanding Boulevard (83 jobs lost), Ocoee Sears (102 jobs lost), Pensacola Kmart on Airport Boulevard closed in 2011, Pensacola Kmart on Mobile Highway closed in February 2013 (69 jobs lost), Pensacola Kmart on East 9 Mile Road will close in May (73 jobs lost), Hialeah Kmart (67 jobs lost), Bonita Springs Kmart (67 jobs lost), Mount Dora Kmart (100 jobs lost), Lake Mary Kmart, Panama City Beach Kmart (54 jobs lost), Winter Park Kmart (100 jobs lost), Niceville Kmart (59 jobs lost), Winter Haven Kmart (92 jobs lost), Palm Bay Kmart, Oakland Park Kmart (112 jobs lost), Clearwater Sears Auto Center (21 jobs lost), Zephyrhills Kmart (70 jobs lost), Winter Springs Kmart (69 jobs lost), Naples Kmart (72 jobs lost), New Port Richey Kmart (58 jobs lost), ‘redevelopment’ of Aventura Sears & Auto Center into an “open-air village” (unknown how many jobs affected).

Georgia: Macon Sears (at least 40 jobs lost), Buford Kmart (at least 40 jobs lost), Douglasville Kmart (at least 40 jobs lost), Atlanta Kmart (at least 40 jobs lost), Columbus Kmart (at least 40 jobs lost), Jonesboro Kmart (at least 40 jobs lost), Cartersville Kmart (74 jobs lost), Hiram Kmart (53 jobs lost), Marietta-East Cobb Kmart, Warner Robins Kmart (77 jobs lost), Coweta County Kmart distribution center (164 jobs lost).

Guam: Sears Hometown Store.

Hawaii: Honolulu Sears (owned by GGP, 372 jobs lost! GGP spending $573-million chopping it up into smaller store spaces), Kauai Sears (41 jobs lost), Iwilei-Honolulu Kmart for lease (no confirmation of store closing).

Idaho: Lewiston Sears (at least 60 jobs lost), Rexburg Kmart (63 jobs lost), Chubbuck Pine Ridge Mall Sears shutdown by the end of October/beginning of November 2014 (the remaining 28 jobs lost). Across the street, in Pocatello, the property where the Kmart is located has a “pad site available” sign, posted ever since the Kmart bankruptcy. The Kmart building takes up most of the ‘pad’. Latest news from inside sources say Sears Holdings will not comment on any plans to expand the small amount of Craftsman products already being sold at the Kmart, or shift the Kenmore products line, from the closing Chubbuck Sears to the Pocatello Kmart. In fact all plans for the Pokey Kmart are in a ‘holding pattern’.

Illinois: Alton Sears (at least 40 jobs lost), Melrose Park Sears parts and repair center (50 jobs lost), Zion Kmart (at least 40 jobs lost), Oak Lawn Kmart (at least 40 jobs lost), McHenry Kmart (at least 40 jobs lost), Peru Kmart (at least 40 jobs lost), Lombard Sears/Great Indoors (at least 40 jobs lost), Fairview Heights Kmart (81 jobs lost), Freeport Kmart (45 jobs lost), Pontiac Kmart (more than 47 jobs lost), Homer Glen Kmart (82 jobs lost), Streator Kmart (45 jobs lost), Lombard Kmart (70 jobs lost), Naperville Kmart (98 jobs lost), Calumet Sears (164 jobs lost), two Sears stores in Grand Crossing area of Chicago (247 jobs lost!), Mount Vernon Sears (68 jobs lost), Moline Sears (at least 60 jobs lost), Homewood Kmart (185 jobs lost), Belvidere Kmart (91 jobs lost?) revealed is now a perpetual closing sale Kmart At A Discount store, Champaign’s Market Place Mall Sears (56 jobs lost), Sterling Kmart (60 jobs lost), Montgomery Kmart (81 jobs lost), Mattoon Sears (more than 40 jobs lost), Chicago Sears on North State Street (160 jobs lost), Chicago Sears Craftsman Experience store, Galesburg Sears (46 jobs lost), White Lake Township Kmart (42 jobs lost), Orland Park Sears Appliance, Collinsville Kmart (84 jobs lost), Crystal Lake Kmart (at least 77 jobs lost), Danville Sears store & Auto Center (63 jobs lost), Forsyth Sears store & Auto Center (45 jobs lost), Peoria Kmart (73 jobs lost), Forest Park Kmart (107 jobs lost), Chicago Sears on North and Harlem avenues, supposedly it’s being replaced (most likely at taxpayer expense) with a new building and it will become a Sears-Mariano’s store, Bloomington Kmart (79 jobs lost), recently revealed Hoffman Estates Headquarters 100 jobs eliminated, another 15 corporate jobs eliminated elsewhere! 58 Chicago area stores up for lease or sale. By the way, Illinois elected officials gave Sears Holdings/Hoffman Estates a $150 million USD tax break to keep their headquarters in the state. The tax break was not tied to any promise not to close stores.

Indiana: Anderson Sears (at least 40 jobs lost), Saint John Kmart (at least 40 jobs lost), Indianapolis Kmart (at least 40 jobs lost), Richmond Sears (49 jobs lost), South Anthony Kmart (70 jobs lost), Fort Wayne Kmart on South Anthony Boulevard (70 jobs lost), FairOaks Mall Kmart, Logansport Sears (43 jobs lost), Muncie Kmart (59 jobs lost), Fort Wayne Kmart on Coliseum Boulevard North (69 jobs lost), Decatur Kmart (49 jobs lost), Indianapolis Kmart on Madison Avenue (131 jobs lost), Indianapolis Kmart on Washington Street (139 jobs lost), Bedford Kmart (62 jobs lost), Indianapolis (Evansville) Sears & Auto Center at Washington Square Mall (91 jobs lost), Greenwood Kmart (78 jobs lost), recently revealed Plymouth Kmart (“approximately” 68 jobs lost).

Iowa: Cedar Rapids Kmart on 16th Ave (at least 40 jobs lost), Davenport Kmart (at least 40 jobs lost), Burlington Kmart (50 jobs lost), Coralville Sears (94 jobs lost, this is a store sold to GGP earlier in the year), Cedar Rapids Kmart on Collins Road NE (56 jobs lost), Mason City Kmart (50 jobs lost), Clive Kmart (at least 49 jobs lost), Ames Kmart (44 jobs lost), Fort Dodge Sears (no job loss numbers made public, yet. The Auto Center was secretly shutdown in September).

Kansas: Lawrence Sears (at least 40 jobs lost), Merriam Kmart-then Sears-then Kmart (jobs lost unknown), Wichita Sears store & Auto Center (103 jobs lost), Manhattan Sears & Auto Center (number of jobs lost were never revealed).

Kentucky: Middlesboro Sears (in September 2012 the Sears store re-opened under independent ownership, official grand re-opening scheduled for November), Winchester Kmart (back in May, Rankin Paynter bought out what was left of the inventory and gave it to charity), Hazard Kmart (at least 40 jobs lost), Lexington Fayette Mall Sears (114 jobs lost!), Newport Kmart (81 jobs lost), Cannonsburg Sears and Sears Auto Center (no employee info given), Louisville Dixie Highway Kmart/Sears/Kmart, Madisonville Kmart (39 jobs lost), Owensboro Sears store & Auto Center (52 jobs lost).

Louisiana: Slidell Sears (77 job lost), Gretna Kmart (94 jobs lost), Metairie Kmart secretly sold off, no word if it will be shutdown.

Maine: Lewiston Sears (60 to 70 jobs lost), Presque Isle Aroostook Centre Mall Sears (63 jobs lost).

Maryland: Ellicott Sears (at least 40 jobs lost), Gaithersburg Sears/Great Indoors, Landover Sears rebuild & call center (115 jobs lost), Baltimore Kmart on Wabash Avenue (107 jobs lost).

Massachusetts: North Reading Sears Hardware store closed, lease not renewed, Milford Kmart (80 jobs lost), Kingston Kmart (73 jobs lost).

Michigan: Novi Sears/Great Indoors, Brighton Sears Grand/Essentials, Harper Woods Sears Full line, Monroe Sears Full line, Adrian Sears Full line, Washington Township Kmart, Chesterfield Kmart, Woodhaven Kmart, Saginaw Kmart on Bay Road, Flint Kmart on Dort Highway (46 jobs lost), Gaylord Kmart (48 jobs lost), Sterling Kmart (58 jobs lost), Bloomfield Township Kmart and Sears, Bad Axe Kmart (61 jobs lost), Ypsilanti Township Kmart (83 jobs lost), Petoskey Kmart (45 jobs lost), Saint John’s Kmart (48 jobs lost), White Lake Township “Store of the Future” Kmart (42 jobs lost), Grand Blanc Kmart (49 jobs lost), Lapeer Kmart (56 jobs lost), Southgate Kmart (155 jobs lost), Detroit’s Telegraph Road Kmart (115 jobs lost), Waterford Township Sears (no word on how many jobs lost), Rochester Hills Kmart (77 jobs lost), ‘perfect Kmart town’ of Port Huron Kmart (188 jobs lost), Flint Kmart on Miller Road (81 jobs lost), Burton Kmart (85 jobs lost), Madison Heights Kmart (179 jobs lost), it’s now obvious the last remaining Saginaw Kmart will remain shutdown after its roof collapsed during a snowstorm back in January 2014, Ann Arbor Kmart (59 jobs lost), Iron Mountain Kmart (54 jobs lost), Bangor Township Sears aka Bay City Mall Sears, the Auto Center was already secretly shutdown some time ago (at least 47 jobs lost), Big Rapids Kmart (about 50 jobs lost).

Minnesota: Willmar Kmart, Duluth Kmart, New Hope Kmart, White Bear Lake Kmart, Bemidji Kmart, Monticello Kmart, GGP owned Sears Auto Center in the Apache Mall closed (10 jobs lost), the entire Sears store in the Apache Mall being sold off, Fergus Falls Kmart (40 jobs lost), Fergus Falls Kmart (at least 40 jobs lost), Alexandria Kmart (46 jobs lost), Grand Rapids Kmart (61 jobs lost), Seritage is selling off three Sears Auto Centers in Minnetonka, Brooklyn Center and Saint Paul, Marshall Kmart (57 jobs lost), Oakdale Kmart (77 hourly wage employees losing their jobs, unknown how many salaried employees will become unemployed), Winona Kmart (67 jobs lost), Minneapolis city officials trying to shutdown profit making Nicollet Avenue Kmart, to make way for a new road. Anoka Kmart (47 jobs lost), Blaine Kmart (60 jobs lost), Burnsville Kmart (62 jobs lost), Waite Park Kmart (57 jobs lost), Northeast Minneapolis Sears Hometown & Outlet store now for sale, Coon Rapids Sears Hometown & Outlet store now for sale.

Mississippi: Jackson Sears Full line, McComb Sears Full line, Columbus Sears Full line, Gautier Sears (71 jobs lost), Waveland Gulfport Kmart (32 jobs lost), Pass Road Gulfport Kmart (52 jobs lost), Pascagoula Sears at the Singing River Mall, Olive Branch distribution center (unknown how many jobs lost).

Missouri: Lee’s Summit Sears Grand/Essentials, Saint Louis Sears Full line, High Ridge Kmart (59 jobs lost), Ellisville Kmart (55 jobs lost), Springfield Kmart on South Campbell Avenue (60 jobs lost), South Belt Kmart (64 jobs lost), Florissant Kmart (100 jobs lost).

Montana: Missoula Kmart (50 jobs lost), Great Falls Kmart (closed “until further notice” due to fire, 63 jobs on hold), Great Falls Sears store & Auto Center (65 jobs lost) due to great sales (ironically) the shutdown date has been moved from 07 December 2014 to 23 November, Bozeman Kmart (37 jobs lost).

Nebraska: Grand Island Kmart (55 jobs lost), Omaha Kmart near West Maple Road (50 jobs lost).

Nevada: Sparks Kmart distribution center (100 jobs lost).

New Hampshire: Nashau Sears Grand/Essentials, Keene Sears Grand/Essentials, Portsmouth Kmart (30 jobs lost), Claremont Kmart (59 jobs lost).

New Jersey: Lawnside Kmart (about 80 jobs lost), Howell Kmart (57 jobs lost), Berlin Kmart, Dover Kmart (92 jobs lost), Randolf Kmart (91 jobs lost), Paramus Kmart (74 jobs lost).

New Mexico: Las Cruces Kmart (58 jobs lost), Albuquerque Kmart on Central SW (80 jobs lost), Rio Rancho Kmart (59 jobs lost).

New York: Depew (Lancaster?) Kmart (68 jobs lost), Colonie Kmart (72 jobs lost), Fulton Kmart (51 jobs lost), Clifton Park Kmart (74 jobs lost), Latham Kmart (61 jobs lost), East Greenbush-Rensselaer Kmart (70 jobs lost), Tonawanda Sears Appliance and Hardware, Bronx Sears (91 jobs lost), BBN reader reported that the Ithaca Sears and Auto Center shutdown and one month later it’s been officially confirmed (at least 37 jobs lost), DeWitt Kmart (92 jobs lost), Auburn Sears (51 jobs lost), Massena Sears and Auto Center (51 jobs lost).

North Carolina: Cary Kmart (71 jobs lost), High Point Sears, Moorehead Sears, Rocky Mount Sears, Statesville Sears, Durham Kmart (79 jobs lost), Asheville Kmart (53 jobs lost), West Smithfield Kmart (59 jobs lost), Winston-Salem Kmart (69 jobs lost), Hendersonville Kmart (58 jobs lost), South Ashville Kmart on Hendersonville Road, Raleigh Kmart (88 jobs lost), Garner Kmart, Cleveland County mall Sears (56 jobs lost), Charlotte Kmart (89 jobs lost), Conover Kmart (74 jobs lost), Raleigh Kmart on Capital Boulevard (53 jobs lost), High Point Kmart (71 jobs lost), Boone Kmart (41 jobs lost), Greensboro Kmart (96 jobs lost), Gastonia Sears store & Auto Center (65 jobs lost), Kinston Kmart (64 jobs lost), Cary Sears (66 jobs lost), Greensboro Kmart distribution center (130 jobs lost).

North Dakota: Jamestown Kmart (45 jobs lost), Dickinson Kmart (41 jobs lost, despite a “Now Hiring” sign on the front of the store).

Ohio: Chagrin Falls Kmart, Springfield Kmart, two Toledo Kmarts, Medina Kmart, Columbus Kmart, Columbus Sears/Great Indoors, Zanesville Sears (67 jobs lost), Trotwood Kmart (71 jobs lost), Austintown Sears auto parts and service on Interstate Boulevard, London Kmart (no word on number of jobs lost), Trotwood Sears (67 jobs lost), Westlake Kmart/Sears (at least 57 jobs lost), Xenia Kmart (at least 57 jobs lost), Norwalk Kmart (52 jobs lost), Blue Ash Kmart (77 jobs lost), Northwood Sears at Woodville Mall (36 jobs lost), Conneaut Kmart (43 jobs lost), Anderson Township Kmart (71 jobs lost), Brooklyn Kmart (200 jobs lost), Columbus Lockbourne Industrial Parkway Sears distribution center (200 jobs lost), also in Columbus, Sears Product Rebuild-Call Center (112 jobs lost), Marion Sears Auto Center (at least nine jobs lost), Springfield Kmart #3767 (68 jobs lost), Fairborn Kmart (66 jobs lost), Solon Sears & Auto Center (at least 53 jobs lost). Also, Van Wert Sears franchise bought out by Kirk Berryman, owner of Computer & Networking Technologies (CNT), who plans on moving the store to a new location.

Oklahoma: Oklahoma City Sears (98 jobs lost, GGP owned, GGP wants a $2 million sales tax rebate, claiming it’s needed to offset capital investments needed to bring the space up to the standards for potential new tenants), Shawnee Sears (31 jobs lost), Sand Springs Kmart (52 jobs lost), Muskogee Sears (60 jobs lost), Enid Sears and Auto Center (at least 38 jobs lost).

Oregon: Roseburg Sears (at least 40 jobs lost), Tualatin Kmart Center (new property owner from California is tearing everything down for new shopping center, so far no indication the Kmart will be part of the new shopping center), Milwaukie Kmart (61 jobs lost), Coos Bay Kmart (25 jobs lost), Bend Sears (48 jobs lost), Klamath Falls Kmart (64 jobs lost), Albany Kmart (64 jobs lost), Portland Sears Homes Services (no notice), Albany Sears (57 jobs lost), in October a BBN reader warned that Oregon City Kmart was being quietly shutdown, confirmed on 06 November 2014 by Sears Holdings (70 jobs lost).

Pennsylvania: Upper Darby Sears Full line, Pottstown Sears Full line, Pittsburgh Kmart, Wilkins Sears, Warminster Kmart (85 jobs lost), Shippensburg Kmart (46 jobs lost), Moon Kmart (143 jobs lost), Bethlehem Township Kmart (62 jobs lost), Philadelphia Gallery Mall Kmart (120 jobs lost), Philadelphia Kmart on Orthodox Street and Castor Avenue (169 jobs lost), Levittown/Middle Township Kmart (87 jobs lost), Waynesboro Kmart (43 jobs lost), Sanatoga-Lower Pottsgrove Kmart (65 jobs lost, the store was also advertising for new hires!), West Mifflin Sears store & Auto Center (88 jobs lost), Rochester Kmart (78 jobs lost), Frazer (Pittsburg Mills Mall) Sears and Auto Center (97 jobs lost), Bloomsburg Sears (57 jobs lost), Frackville Sears and Auto Center (84 jobs lost), North Cornwall Township Sears (51 jobs lost), King of Prussia Sears and Auto Center (no word on number of jobs lost), Lebanon Sears (51 jobs lost), Scotland Chambersburg Mall Sears and Auto Center (62 jobs lost).

Puerto Rico: Vega Baja Kmart (# of jobs lost not reported).

South Carolina: Sumter Sears (at least 40 jobs lost), Orangeburg Sears (57 jobs lost), Columbia Kmart on Fort Jackson Boulevard in 2012, Columbia Kmart on Bush River Road in 2009, Columbia Kmart on St Andrews Road (66 jobs lost), Irmo Kmart (no info on how many jobs lost), both Greenville Kmarts (140 jobs lost between the two), Mount Pleasant Kmart (43 jobs lost), Harbison Sears & Sears Auto Center in the Columbiana Centre mall (97 jobs lost), Aiken Sears & Sears Auto Center (at least 54 jobs lost), Inlet Square Mall Kmart (50 jobs lost), West Ashely Kmart (69 jobs lost), Myrtle Beach Kmart (59 jobs lost), Easley Kmart (62 jobs lost).

Tennessee: Antioch Sears (at least 40 jobs lost), Cleveland Sears (at least 40 jobs lost), Oak Ridge Sears (at least 40 jobs lost), Hendersonville Kmart (at least 40 jobs lost), Morristown Sears (about 70 jobs lost), Clinton South Kmart, Franklin Cool Springs Galleria Sears (92 jobs lost), Memphis Hickory Ridge mall Sears (job loss data not revealed), 48 years old Nashville Kmart on Nolensville Pike to close by January 2014 (57 jobs lost), Franklin Kmart (33 jobs lost), Dickson Kmart (65 jobs lost), talks in progress to end lease for Bellevue (Nashville) Center Mall Sears.

Texas: Two Sears parts and repair centers closing in The Woodlands (117 jobs lost), rebuild center in Garland (58 jobs lost), Farmers Branch Sears/Great Indoors, Houston Sears Great/Indoors, Dallas Sears home appliance parts distribution center (77 jobs lost).

Utah: Murray Sears (for some reason Mormon controlled news media in Utah never reported the closure, but they reported that the building was demolished), Orem Kmart (no details reported), Woods Cross Kmart (54 jobs lost).

Vermont: Rutland Sears store & Auto Center (65 jobs lost).

Virginia: Norfolk Sears (at least 40 jobs lost), Midlothian Kmart (at least 40 jobs lost), Richmond Kmart (at least 40 jobs lost), Lynchburg Sears (84 jobs lost), Fairfax Kmart (no word on how many jobs lost), Christiansburg Sears (59 jobs lost), Norfolk Kmart on East Little Creek Road (77 jobs lost), Manassas Kmart (71 jobs lost), Stafford Sears Hometown, Newport News-Denbigh Kmart (at least 50 jobs lost), Wise Kmart (58 jobs lost), Harrisonburg Kmart (79 jobs lost), Wincester Kmart (91 jobs lost), Dale City Kmart (69 jobs lost), Chesapeake Sears and Auto Center (82 jobs lost), Front Royal Kmart (88 jobs lost).

Washington: Walla Walla Sears Full line (in August 2012, it was reported that an independent owner of Sears Hometown stores will open a store in Walla Walla), Lacey Kmart (at least 40 jobs lost), Kelso Sears (47 jobs lost), Lakewood Kmart (59 jobs lost), Bellingham Sears (92 jobs lost), Seattle Kmart (85 jobs lost), East Wenatchee Sears (59 jobs lost), Puyallup Kmart (51 jobs lost), Oak Harbor Kmart (68 jobs lost), Sodo Sears and Sears Auto Center (79 jobs lost), Everett Kmart (65 jobs lost), Marysville Kmart (at least 40 jobs lost).

West Virginia: Oak Hill Kmart (59 jobs lost), Morgantown Kmart (100 jobs lost), Bluefield Sears store & Auto Center (64 jobs lost).

Wisconsin: West Baraboo Sears (at least 40 jobs lost, local village officials say the store generated 3% of local tax collections), Rice Lake Kmart (about 71 jobs lost), Brookfield Kmart (56 jobs lost), Racine’s Regency Mall Sears (52 jobs lost), Fort Atkinson Kmart (51 jobs lost), Greenfield Kmart (107 jobs lost), Portage Kmart (78 jobs lost) and Hales Corner (129 jobs lost), Chippewa Falls Kmart (79 jobs lost), Menomonie Kmart (at least 50 jobs lost), Ashwaubenon Kmart recently revealed now owned by Green Bay Packers, will be torn down (80 jobs lost), Shawano Kmart (55 jobs lost), Fond du Lac Sears (42 jobs lost), Glendale Sears store & Auto Center (86 jobs lost), Janesville Kmart (70 jobs lost), Glendale Sears Rebuild center (67 jobs lost), Sheboygan Sears & Auto Center (at least 31 jobs lost), Eau Claire Kmart (93 jobs lost), Plymouth Kmart (59 jobs lost before Xmas), Sheboygan Sears Rebuild Center (30 jobs lost).

On top of that, Sears Holdings sold stores to General Growth Properties (GGP), of which it has been reported that most of those stores will be closed.

Here’s the list of 11 Sears stores now owned by GGP:

Iowa: Coral Ridge Mall (it’s official the Sears is closing, see above), and Mall of the Bluffs

Texas: The Woodlands Mall (this does not involve the two repair centers being closed by Sears)

Florida: West Oaks Mall

Utah: Fashion Place, and Provo Towne Centre (note the evil British empire way of spelling town & center. Due to a favorable lease agreement the GGP owned Provo Sears will continue to stay open under Sears Holdings management)

Oklahoma: Quail Springs Mall (it’s official, the Sears closed, see above)

Hawaii: Ala Moana Center (closed, see above)

Washington: Bellis Fair Mall (Bellingham store, see above)

Minnesota: Apache Mall (see update above, GGP will close Sears store by 2014)

Illinois: Market Place Shopping Center (see update above, GGP closing store)

Business/Economics

Aeropostale closing update 27 January 2015: Insider trading revealed!

U.S. based Aeropostale administrators revealed to the Securities and Exchange Commission that their director used insider info to make a stock deal back in December.

2015 shutdowns:

Illinois: P.S. from Aeropostale shutdown in the Cherryvale Mall.

Indiana: In Carmel, Aeropostale on Clay Terrace Boulevard  shutdown on 27 January 2015.  Aeropostale shutting down in the Indiana Mall by the end of January.

Minnesota: P.S. from Aeropostale shutdown in the Crossroads Mall.

New York: Aeropostale shutting down in the Fingerlakes Mall on 29 January 2015.  Aeropostale in the dying Rotterdam Square Mall.

Ohio: P.S. from Aeropostale shutdown in the Peachtree Mall.

South Carolina: Aeropostale to shutdown in the Coastal Grand Mall.

Tennessee: Aeropostale shutdown in the Knoxville Center Mall on 27 January 2015.

Virginia: P.S. from Aeropostale shutdown in the Patrick Henry Mall.

2014 shutdowns:

Wisconsin: Bayshore Aeropostale.

Canada: Aeropostale shutdown its last seven stores in Quebec.

2013 shutdowns:

Canada: 27 Aeropostale stores shutdown.

 

Aeropostale  Shutdowns will continue

Business/Economics

Shopko closing update 27 January 2015: Rite Aid buys Shopko pharmacy ops?

Illinois has joined the shutdown list.  The Sullivan Shopko will be slammed shut by April, the store manager told local news media his store wasn’t making enough money.

According to a Wisconsin news outlet Rite Aid has made it clear they’ve taken over Shopko’s pharmacy operations: “…we had a seamless transition with acquiring Shopko’s pharmacy…”-Kristin Kellum

2015 shutdowns (revealed so far):

Illinois: Two years old Sullivan Shopko in April, at least 30 jobs lost.

Kentucky: Hodgenville Shopko Hometown store will shutdown in April.

Missouri: Tarkio Shopko Hometown store will shutdown in April.

Ohio: Shopko to shutdown its Greenfield, Archbold, Montpelier and Newton Falls stores by April, at least 70 jobs will be affected.

South Dakota: Avera FastCare health clinic located inside the Aberdeen Shopko shutdown. Local news reports said there are currently no plans to replace it.

Utah: Employees spreading the word that the Provo Shopko will shutdown by 15 April 2015. Also, reports that the Bountiful (apparently actually located in West Bountiful even though the address is in Bountiful?) Shopko will shutdown in April.

Wisconsin: Shopko will shutdown its Ashland Hometown store by April, at least 29 jobs lost.

Of importance, a major retail landlord just modified its lease agreement with Shopko. The deal makes it easier for Spirit Realty Capital to evict Shopko in favor of new tenants (Shopko also got paid $18.8-million for the inconvenience of being kicked out). The retail landlord said it wanted to reduce its reliance on Shopko for revenue!

2014 shutdowns (that I’ve found so far):

Wisconsin: ShopKo killed off 40 jobs at its Ashwaubenon corporate HQ. Company administrators blame the bad economy for their “reorganization”. A Madison store was shutdown, 66 jobs lost.

Ohio: Georgetown Shopko shutdown.

Indiana: Shopko issued a WARN in November saying it will shutdown a distribution center. The shutdown will be completed by September 2015, at least 95 jobs lost. A Loogootee Shopko was shutdown, at least 14 jobs lost. The Petersburg and Bloomfield Shopkos were also shutdown.

It should be noted that Shopko has been quietly and slowly shutting down stores since 2001.

shopko opens new store in idaho then announces shutdowns

Business/Economics

U.S. Food Crisis, January 2015: “…we’re losing everything that we have as a family…” Corporate America kills family food businesses! “Nobody falls in love with a prostitute.” says one politician regarding Government’s love affair with corporate America!

Incomplete list of announced United States food supply shutdowns for the month of January, 2015: Many food suppliers/distributors are consolidating operations and killing jobs due to the collapsing grocery store and restaurant industries, as well as rising costs of food production.

After only one year, award winning Modern Farmer magazine shutdown.  Its blamed on disputes between the editorial staff and the billionaire who actually pays for the publication.

Canadian based international restaurant chain Tim Hortons (with at least 807 restaurants in the U.S.) killed off 350 of its HQ jobs in Oakville, Ontario, as well as regional corporate jobs!   That’s according to Canadian news reports. It makes sense because Tim Hortons was recently taken over by Warren Buffet’s crony Brazilian vulture capitalist buddies at 3G Capital (you know, Buffet and his buddies at 3G Capital are the ones who killed off at least 3-thousand 4-hundred Heinz food jobs in Canada and the U.S. in 2014!) But here’s some more convoluted shell game facts.  3G Capital and Warren Buffet took over iconic U.S. Burger King chain in 2010, immediately eliminating 450 jobs!  Then in early 2014, Buffet-3G owned Burger King bought Tim Hortons for $11.4-billion USD, but by December 2014 3G Capital went and bought Tim Hortons from its own Burger King for $12.5-billion!  But wait there’s more!  3G Capital buys companies vulture capitalist Mitt Romney style, meaning the companies are bought with huge loans, and the immediacy of the loan payments is partly why vulture capitalists start slashing and burning jobs.

Alabama: After 25 years Applebee’s shutting down their Brookwood Village restaurant on 01 February 2015.  The Texas based property owner refused to renew the lease with the restaurant.  Cafe and market V.Richards shutting down, the store owner made the decision suddenly saying he will chase “other ventures”.

Arizona: In Tucson, after ten years The District Tavern shutdown, it’s blamed on jacked up rent.

California: Mexico based Bimbo Bakeries announced they will shutdown their Fresno bakery in March, 92 jobs lost.  The bakery had been in use since 1926.  Sandwich maker Raybern Foods issued WARNs saying they will shutdown operations in Hayward and Oakland in May, 158 jobs lost!  Pleasanton Safeway grocery store headquarters will layoff at least 26 people by 13 February 2015.  Grocery store Vons issued a WARN saying they will shutdown their Arcadia SuperStore in March, 168 jobs lost!  Grocery store Albertsons issued WARNs saying they will shutdown their Marina Del Ray and San Diego stores in February,  143 jobs lost!  Kroger owned grocery store Ralph’s issued a WARN saying they will shutdown a Los Angeles store in March, they did not state how many jobs will be lost.  In San Francisco, former Netflix and Clinkle executive Andy Rendich is now the boss at Good Eggs, and is already chopping heads.  Reports say the organic food delivery service has laid off about 32 employees as Rendich ‘restructures’ the three years old company.  The layoffs took place not only in the Golden State but in New York and Louisiana.  In Walnut Creek, baseball themed McCovey’s restaurant shutting down.  The owners say they are trying to relocate near a real major league baseball stadium, if they can afford the rent.  In San Diego-South Park, after six years Alchemy Dining announced it will shutdown in February.  The co-owners said the economy is so bad, and competition so tight, that it’s not worth pouring money back into the restaurant: “We were noticing there was a decline in sales because of the market and age of our business, and just the general environment changing because of the amount of new restaurants in San Diego in general….We recreated the restaurant a number of times, from farm-to-table to street food to a neighborhood feel, and we got to a point where we would have had to sway a lot further and we made a choice not to.” 

Connecticut: In Hartford, after 15 years Jojo’s Coffee Roasting shutdown.  The pissed-off owner directly blamed the suck-ass economy, asking where’s the gott damned recovery: “The last six months have been the toughest for us businesswise…People say, ‘It’s up and coming its up and coming’. Well, it’s been up and coming for 15 years now! It’s not up and coming, I can tell you that!!!”-Bill Sze

In New Haven, the Anchor Bar shutdown without notice, local reports say employees were ordered not to say anything to the news media.  In Norwich, after six years Chacer’s Bar & Grill shutdown, the co-owner blaming the suck ass economy not only for shutting them down but for destroying his marriage: “It wasn’t easy at all, and it took a toll on our marriage. It stinks because we had a lot of fun in that business.”-Geoffrey Chase

Georgia:  Atlanta based iconic Coca-Cola announced it will add another 18-hundred job cuts to the previously announced 2-thousand!

Illinois: Iconic McDonald’s announced it will kill off 63 jobs at its Oak Harbor HQ in February.  Burger joint administrators admitted that their sales sucked ass for the past 13 months.  And administrators of McDonald’s Japan are reeling from crashing sales caused by food shortages, which in turn are being caused by a strike by dock workers on the U.S. west coast which has halted U.S. potato shipments to McDonald’s Japan, and food sabotage (strange things being found in the food).  The Peruvian owned “intimate supper club “ Monari’s 101 announced it will shutdown in Spring.  The owners said over the past two years they’ve tried to sell the restaurant with no takers, and they can’t wait any longer so they’ve decided to retire.  In Chicago, after 50 years independent Family Pride Finer Foods grocery store announced shutdown, 35 jobs lost.  The current owner blamed “competition” pointing out that there are now competing ‘big box’ grocery stores within “a two mile radius” of his store.

Indiana: General Mills announced they will shutdown their New Albany Pillsbury frigerated food factory by 2016, at least 400 jobs lost!  Company administrators said they have “excess capacity”.  That’s corporate speak for too much supply and not enough demand for their products (aka a suck ass economy).

Iowa: French based maker of polyols, starches, proteins, fibers and sweeteners Roquette America suddenly laid off 85 people at its Lee County factory.  Apparently the mayor of Keokuk knew about the layoffs the week prior, but said nothing hoping the newly unemployed would be hired by other local businesses.

Kentucky: In Louisville’s upscale retail Highlands area, restaurant Palermo Viejo announced it will shutdown in February: “I wanted to thank the Louisville community for the opportunity to share my family’s food for the last 14 years. There are certain reasons why I am closing. But the most important is my family has sacrificed so that I can live my dream. I have come to a point where I feel they have sacrificed enough…….I plan to look into leasing the property.”-Francisco Elbl

Maine: After 46 years Iconic Kittery based Weathervane Seafood Restaurants has shutdown a restaurant in New Hampshire and three restaurants in Maine.  The COO of the family run chain said “My family and I are sorry to have to make this difficult decision…” blaming “…current economic conditions…” (or what I call the suck-ass economy).  The general manager of the Waterville Weathervane said any fool could see the economy is crashing and burning: “The final ending is certainly a shock. Was the writing on the wall? Certainly!”-Sean Callahan, whose restaurant had a big sign in the  window saying “due to current economic conditions, this location is closed”

Massachusetts: Kickass Cupcakes now chapter 7 bankrupt busted.  The cupcake company has been shutting down stores since 2013.  The owner refused to talk to local news media.

Michigan: After only five years Just Baked cupcake shop shutdown ten of its Detroit metro area stores!  In Jackson, after nine years Caffe Lilla shutdown, local news reports claim the owners refuse to say why.

Minnesota: No more RyKrisp crackers! ConAgra stated “After a careful evaluation of our options, ConAgra Foods has decided to exit the RyKrisp and rye cracker business and close the plant.”  In Wrenshall, family owned One Stop Market shutdown.   The owner blames a new unAmerican corporate America competitor for costing him big losses, just in December: “Their advertising, their marketing, free milk, and 99 cent butter….It just kills these little businesses, little towns…..we’re losing everything that we have as a family…”-Chad Pfau, now legally bankrupt

Mississippi: In Jackson, Kroger announced they will shutdown their more than 20 years old grocery store on Terry Road in February 2015, at least 109 jobs affected!

Missouri: Cargill announced it is shutting down their Springfield meat factory, by March, 118 jobs lost!   Some employees will be able to move to Nebraska or Texas, if they want to keep their Cargill jobs.

Montana:  In Missoula, after 41 years Curley’s restaurant was shutdown and sold off.   The manager told local news that the reasons for the sale are private.  In Billings, the Mongolian Grill shutdown, local news reports say nobody at the restaurant would talk to them.  In Helena, after more than 25 years The Donut Hole shutting down.  A financial partner backed out of a deal that would have seen the donut shop move to a new location, now it’s up for sale.

New Jersey:  Belgium-Brazil owned beer brewer Anheuser-Busch announced it will kill off 60 jobs at its Newark brewery, in March: “After a thorough study, we have made the decision to idle the bottle line.”-Kevin Lee, general manager

New Mexico: Flying Star restaurants now chapter 11 bankrupt busted and shutting down two Santa Fe restaurants.

North Carolina:  Vegetable dehydrator McCall Farms of Wilson issued a WARN saying it will shutdown in February, affecting as many as 285 permanent and seasonal jobs by the end of March!  Beef prices the final straw in the killing off of another steak restaurant.  After 30 years family owned Prime Sirloin buffet shutdown: “The building is old and the money to keep up the 30-year old property, which we leased, was simply going to be too much for us to keep on operating. We decided it was time to make the decision and like ripping off a band aid, there wasn’t any good way to do this.”-Lisa Martin, general manager

Iconic fruit supplier Chiquita announced it is pulling its HQ out of Charlotte, causing 320 jobs to be in limbo!  Apparently company administrators don’t think the millions in taxpayer funded incentives are enough (they promised to pay back all the taxpayer funded incentives they got).   A local politician had an epiphany about corporate America: “You can’t expect loyalty from any company if you’re paying them to move. Government was basically prostituting themselves to get them here. … Nobody falls in love with a prostitute.”-Bill James, Mecklenburg County commissioner

Another local politician describes unAmerican corporate America like this: “It’s like my dad always told me, if the girl dates you for your money, etc., remember there is always someone with more of whatever she is looking for.”-Jim Puckett, Mecklenburg County commissioner

Ohio: A Cleveland Noodlecat ramen restaurant shutdown, due to  disagreements with the property owner over the lease.

Oregon: Safeway shutting down their Clackamas regional office, due to the takeover by Cerberus owned Albertsons. 91 jobs lost by March.

Pennsylvania: In Lower Paxton, after only two years ‘organic’ Smoke BBQ restaurant shutdown, the owners didn’t explain why.  After 25 years Booty’s Place restaurant shutdown in the Church Hill Mall, the owner would only say “No comment.”  A fundraising company that raises money for schools by selling food, Market Day, announced they would layoff 43 people in Cranberry Township by March.  It’s blamed on crashing sales.  In Allentown, after 97 years (surviving the Great deflationary Depression and numerous recessions)  A-Treat Bottling soda-pop company shutdown suddenly, 40 jobs lost.  People knew the end was near when back in November the family owned independent soda-pop maker canceled their deal with Walmart, because Walmart administrators demanded the family adopt unhealthy mass production methods.  However, it turns out that A-Treat was fined in 2013 for unhealthy and unsafe working conditions by the federal government.  And don’t blame the internet for their demise, reports say they were selling two dozen cases of their soda at least once per month over the internet.  Don Cunningham, of the Lehigh Valley Economic Development Corporation, blamed the “changing consumer market” (meaning Bad Economy) pointing out that even Coca-Cola and Pepsi are in trouble, it’s just the little guys can’t withstand the bad economy for as long as the big guys.

South Carolina: A Piggly Wiggly grocery store shutting down in Summerton.  But don’t blame competition, it’s the only grocery store in town!   It’s a result of the massive shutdown of Piggly Wiggly stores across the United States.

South Dakota: After 45 years the Ming Wah Cafe shutdown.

Tennessee:  In Harding Pike, after only five years it was announced that the Harris Teeter grocery store would shutdown in February.  The store was bought out by competitor Kroger, who already has a store in the same area.

Texas: In East Austin, Live Oak BBQ being shutdown and sold off by the owner, who said “simple math” proved it wasn’t worth it anymore.   In Whitesboro, after 60 years the family owned Clinnon’s grocery store shutdown.  In San Antonio, it was announced that a Sprouts grocery store would shutdown in March.  In Rockwell, after only two years in their new location KE Cellars Winery shutdown: “We tried to make it work, but with so many sources of wine all over, road construction, a slow economy and everything Murphy could throw at us, it is just time for us to say we tried.”-owners

Virginia: In Old Town, after 64 years the Giant Food grocery store will shutdown.  Company administrators say it’s because the town is too small to continue supporting it, and it’s not worth it to spend money on expanding it.   News reports implied that there are too many Giant Food stores in the area around Old Town anyway.   Minnesota based Famous Daves BBQ announced it’s getting the hell outta Richmond! All three stores already shutdown and the property is up for sale! Administrators say their restaurants never made enough money in Richmond.

Washington: Iconic Starbucks announced it will layoff a “small number” of employees at its Seattle HQ.

Wisconsin: Dean Foods announced it will shutdown its Sheboygan Verifine Dairy before April, at least 70 jobs lost.  Company administrators said the suck-ass economy is forcing them to eliminate “redundancies”.

December 2014: “…we’ve hit the end!”

Business/Economics

Cerberus sells-off California & Idaho based grocery stores! 146 stores affected, shutdowns already announced!

27 January 2015 (19:48 UTC-07 Tango 26 January 2015)/06 Rabi ‘ath-Thani 1436/07 Bahman 1393/08 Yi-Chou (12th month) 4712

In 2014 evil Cerberus Capital concluded a hostile $9.2-billion USD takeover of California based Safeway.  The hostile takeover, which was challenged in court, was done through Idaho based Albertsons.  Safeway was the second largest grocery store owner in the U.S., the Safeway family of grocery stores include California’s iconic Vons, and Mexico’s Casa Ley.  It should be noted that part of the hostile takeover agreement is that Cerberus must sell off Safeway owned grocery store chains.   Now Cerberus has sold off dozens of Vons.

In January 2013 evil Cerberus Capital Management became sole owner of Idaho based Albertsons. 14 stores were shut down in 2013,  another 26 Albertsons were shutdown by the end of February 2014.  Now, Cerberus has sold off dozens more Albertsons stores, as a result of the takeover of Safeway.

Cerberus has sold 146 Vons and Albertsons stores to a Washington based company called Haggen.  The affected stores are located in Arizona, California, Nevada, Oregon and Washington.  Already WARNs (Worker Adjustment and Retraining Notifications) have been issued in California announcing the shutdown of several grocery stores.

This is interesting because at the beginning of January a Haggen spokeswoman said this: “The stores will remain open during the conversions and there are no plans to close any stores. In California, I would expect to see conversions more toward July.”-Deborah Pleva

Oregon: Safeway shutting down their Clackamas regional office, due to the takeover by Cerberus owned Albertsons. 91 jobs lost by March.

California WARN list:

Arcadia Vons Pavillion SuperStore, shutdown on 18 March 2015, at least 168 jobs lost!

The 32 years old Hemet Vons shutdown on 28 December 2014, at least 55 jobs lost.  Company administrators claimed it had nothing to do with the hostile takeover by Cerberus.

Marina Del Ray Albertsons, shutdown on 26 February 2015, at least 80 jobs lost.

Pleasanton Safeway headquarters will layoff at least 26 people by 13 February 2015.

San Diego Albertsons, shutdown on 26 February 2015, at least 63 jobs lost.

Albertsons shutting down?

Pocatello’s Old Fred Meyer & Albertsons…did not close down in the 1990s

Business/Economics, Idaho

U.S. Job Losses & Store Closings, 27 – 30 November 2014: “everything must go!” Iconic eastern Idaho hobbie shop up for sale!

Incomplete list of publicly announced layoffs & shutdowns:

California:  In Stockton, food processor Hormel announced they will shutdown their 65 years old chili and Dinty Moore beef stew factory in February 2015, at least 110 jobs lost! Company administrators blame the record level prices of beef for causing a 21% drop in profits!

Hawaii: After 93 years of name changes family owned “Cheap, cheap, cheap, plenty, plenty, plenty!” Pinky’s convenience store shutdown.   The owner says she has “other plans”.

Click pics to make bigger

Idaho: After 66 years Blackfoot Appliance & Furniture announced they will shutdown by the end of January 2015, “everything must go!” In Chubbuck, after 23 years the iconic local Dapco Hobbies now up for sale.  The current owner (not the friendly family owners that moved the shop to Chubbuck, Corey & Melia) is selling everything off and wants out of the hobby business.   Dapco Hobbies was originally located on Garrett Way in Pocatello (according to the BBB that was beginning in 1991), then, after Corey & Melia took over Dapco relocated to Chubbuck around 2007-08.  For a very brief time Dapco Hobbies had a shop in Ammon then Idaho Falls (apparently they left about the same time the ‘big box’ Hobby Town left Idaho Falls), and they even had an internet website.  They started out focused on trains, then shifted to RC when that got big.  I went there for the plastic model kits (and I still do although it’s looking empty, hope there’s somebody who can buy it and keep running it as a hobby shop).

Missouri: In Hannibal, after 34 years the owners of Artique Frame Palette announced they will shutdown in December.

New Jersey: After 86 years Garden State based Becker’s School Supplies shutting down six of its seven stores in Pennsylvania and Delaware! Apparently the school supplies company is shifting to internet sales only.

Texas:  In College Station, after 14 years La Bodega taco bar shutdown. The owner said they had to vacate the old decrepit building, and hopes to find a new location.

Washington: After 63 years A&J Meats and Seafood shutdown.

Wisconsin: After more than 25 years the owners of Golden Karat Jewelers in Rhinelander announced they will shutdown in January 2015.

23-26-november-2014: HP kills 41-thousand jobs!

The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shutdown. It doesn’t count people who get a severance for being laid off.

Business/Economics

Sears & Kmart update, 26 January 2015: Kmart to be split up & sold off?

After Eddie Lampert’s ESL Investments who’s the next biggest shareholder in Sears Holdings?  An outfit called Fairholme.  It was created, and is still run by Bruce R. Berkowitz.

Berkowitz used to work for Lehman Brothers, you know the outfit credited with starting the recession in 2008.  He was also managing director of Smith Barney, a ‘financial services’ company that went through numerous ownership changes including CitiGroup, who sold off Smith Barney to Morgan Stanely in 2009.

On 22 January 2015, Sears Holdings (SHLD) announced they’ve hired on a new senior vice president, Philip J. Keough the 4th.  SHLD also announced Keough was their new president of pharmacy at Kmart.

What’s the significance?  Keough has worked for CVS, RiteAid and created his own Keoco pharmacy consulting company, but in his last pharmacy job he oversaw the selloff of Millennium Pharmacy Systems in September 2014.  Portent of things to come for Sears-Kmart?

update, 21 January 2015: Sex Trafficking & Property Deals!

Business/Economics, Idaho

U.S. Job Losses & Store Closings, 23 – 26 November 2014: “unprecedented financial challenges” California based HP kills 41-thousand+ jobs! More massive healthcare cuts! More foreign companies funded with U.S. taxes killing jobs!

Incomplete list of publicly announced layoffs & shutdowns:

California: Reports revealed that Palo Alto based Hewlett Packard will kill off 41-thousand jobs by the end of 2014!!!  As many as 32-thousand people around the World have already been rendered jobless!!!  But wait there’s more!  Those same reports say evil Meg Whitman is planning on killing off more jobs in 2015, and splitting the company into two smaller operations, which usually means at least one will be sold off!   In Mountain View, software company Symantec issued a WARN saying at least 12 people will become unemployed in January 2015.  In Monterey, Aramark Sports issued a WARN saying they are shutting down in February 2015, at least 119 people to become jobless!

Florida: In Miami, RBC Wealth Management issued a WARN saying it will render 115 employees jobless between now and August 2015!  Also in Miami, healthcare and social assistance company CHARLEE of Dade County issued a WARN saying they will layoff 67 employees between January and February 2015.  In Port Saint Lucie, diabetes testing supply company Liberty Medical issued a WARN saying they’re shutting down in January 2015, at least 417 jobs lost!  In Fort Lauderdale, Senior Healthcare Services issued a WARN saying they will shutdown between January and February 2015, at least 348 jobs lost!

Idaho: School District 25, in Bannock County, warned they could be  $1.5-million USD in the hole, with the ending of current levies.  But wait, there’s more bull-shit!  District 25 administrators want new levies valued at $10-million!   This despite decades of levy and bond issues burdening tax payers, as well as decades of lottery payments which school district administrators can’t seem to account for!   It’s interesting the school levies and bonds always pass ‘elections’ no matter how many people publicly oppose them.

Illinois:  Exelon administrators warned they are considering shutting down three aged nuclear power plants sometime after Summer 2015.  They blame little or no growth in electricity demand since 2008 (gee, isn’t that when the ‘recession’ began?).

Kansas: After 91 years (surviving the Great deflationary Depression and numerous recessions) Jilka Furniture announced it will shutdown in December: “With the many changes taking place in the furniture industry, we felt it was a wise decision to close our store.”-Bud and Loretta Jilka

Kentucky: God refuses to stop layoffs at ‘his’ Lexington Quest Community Church, at least 15 people will be let go due to “unprecedented financial challenges”, never mind that the two head pastors were engaged in “crossing of physical boundaries while stopping short of sexual intercourse.”  The two perfect examples of Christian morality are married, but not to each other!

Michigan: In Liberty Township, more than four decades old Yukon Jack Food & Spirits restaurant shutdown. Before it was a restaurant (starting in 1970) it was a grocery store. Local news media said the owners refused to talk.

New York: After only a year neighborhood grocery store Delancey Market shutdown.  In Brooklyn, nursing home Shorefront Center for Rehabilitation & Nursing Care amended their WARN saying they will shutdown in December due to sale of the business, 482 jobs affected!  In NYC, rapid response healthcare provider Rivington House shutdown, 231 jobs lost!   Also in NYC, Too Big to Jail Bank of America issued a WARN saying they are rendering jobless 95 people by Febraury 2015.  Also in NYC, after 44 years Lea’s Dress Shop shutdown.  Is it because the monthly rent for the small space is $8-thousand?  And fashion designer Ralph Rucci abandoned his snooty upscale fashion house and the new operators laid off at least 15 employees.  The new operators say that because of the bad economy (which appears to affect even the pocketbooks of the wanna-be 1%) Ralph Rucci LLC will now focus on “a more accessible designer product assortment for a wider audience.”  Holiday Inn issued a WARN saying they are shutting down their operations at the Latham hotel in February 2015, at least 50 jobs lost due to loss of contract. In Troy, city administrators warned they will have to eliminated 18 fire fighter and police  jobs.  However, fire fighters and cops say the plan would result in lots of overtime pay, so the layoffs don’t make sense.   However, they might make sense if you’re looking at trying to reduce the amount of money per employee going to the jacked up Obama Care health insurance and retirement plans (wake up people!).

North Carolina: Switzerland based evil GMO seeds and agrochemicals company Syngenta announced it will kill off 18-hundred jobs between 2015 and 2018 (note they obviously don’t expect any recovery until after 2018)!  The job culling will be felt within the United States, like Greensboro where the company is getting a state taxpayer grant of $2.98-million!

Ohio: All 14 Ohio Friendly’s Restaurants shutdown! The francisee blamed the bad economy: “These closings are regrettable, however continuing operation was no longer viable.”-Apex Eagle Hospitality

Tennessee: In Chattanooga, the owners of SturmHaus Beer Market announced it will shutdown in December, blaming the bad economy: “Craft beer share is not enough to sustain our vision for a quaint, downtown on-premise, off-premise gathering place.”

Wisconsin: Water management company Pentair Flow Tech. issued a WARN saying they’re halting a production line at their Delavan operations, 60 jobs lost.

21 – 22 november 2014: “any worker who loses their income will have an impact”

The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shutdown. It doesn’t count people who get a severance for being laid off.

Business/Economics, Idaho

U.S. Job Losses & Store Closings, 21 – 22 November 2014: “Any worker who loses their income will have an impact on the city!” Obamacare kills off government jobs in California!

Incomplete list of publicly announced layoffs & shutdowns:

Alpha Natural Resources announced at least 62 people laid off at their coal mine ops in Kentucky and West Virginia.

Arkansas: Little Rock based Windstream Communications announced another 350 layoffs, on top of the 400 layoffs earlier this year!  The company is undergoing radical change due to the suck-ass economy, including trying to become an evil REIT (real estate investment trust).

California: In Walnut Creek, Valley Waste Management issued a WARN saying 66 employees will be laid off in February 2015.  Boeing issued more WARNs saying another 181 employees across southern California will be laid off by January 2015!  In Van Nuys, Keaster Products issued a WARN saying they will shutdown at the end of December.  San Francisco based video game maker Double Fine laid off at least 12 employees, and cancelled work on its latest video game.  In Sacramento, the Golden State senate immediately laid off 39 of its own upper house employees.  Another 50 employees will be laid off through attrition.  Also, state employees will see at least a $30 per month increase in their health insurance payments, no thanks to Obama Care!

Connecticut: In Torrington, after more than 60 years the owner of children’s items store Reibman’s said she might shutdown in December.  The owner of the store also owns the building, and is jumping on the property development train.  She’s been trying to sell the building with no luck, so maybe she can rent it out?

Georgia: God refuses to stop Saint Francis Hospital from laying off 65 healthcare workers, suddenly. Administrators implied that reduced funding caused by Obama Care forced them to re-examine their ‘books’, during which they discovered they were $30-million USD short! Administrators admitted to employees that they “overestimated” expected payments.

Idaho: The mayor of American Falls reported that the local ALCO store was shutting down, he was alerted when he saw employees putting up the going out of business signs.  It’s one of five Idaho ALCO stores being shutdown (see Texas below). The American Falls mayor says his small city can’t afford more job losses: “Any worker who loses their income will have an impact on the city!”-Marc Beitia

Illinois: In Geneva, after 18 years women’s clothing store Sandra Webster shutdown.

Kentucky: In Louisville, after 33 years Gavi’s Restaurant shutdown.

Michigan: In Owosso, Planned Parenthood shutting down in December due to crashing federal funding.

Minnesota: God refuses to stop ‘his’ 60 years old Christian Book and Gift Store in Rochester from shutting down right after Xmas!

Ohio: In Mansfield, after 47 years Grantie’s Grinders (sub style sandwiches) shutdown, 11 jobs lost. The owners blame competition from a ‘big box’ sandwich shop that recently moved into the neighborhood.

Pennsylvania: Only four years after Swedish vehicle maker Volvo set up shop in Shippensburg, Volvo administrators revealed they will shutdown specific heavy construction vehicle production, not only in the U.S. but in Poland and Brazil, killing off at least 1-thousand jobs into 2015!    Mercyhurst University laid off 14 administrators and demoted six full time employees to part time. Other employees are taking pay cuts, it’s blamed on crashing enrollment.  In Muhlenburg, God refuses to stop’his’ Salvation Army Thrift Store from shutting down.  Administrators with the Queen of England controlled Salvation Army says the store has been losing money for years.

Tennessee: In West Knoxville Sonny’s BBQ shutdown.

Texas: After 113 years (surviving the Great deflationary Depression and numerous recessions) Coppell based ALCO (formerly known as Duckwall-ALCO) announced they will shutdown all 198 stores across the United States!

Vermont:  Vermont Technical College warned of layoffs due partly to the loss of 160 students over the past three years.

Washington: Too Big to Jail Union Bank announced they will shutdown 20 offices by March 2015.  Those offices once belonged to Frontier Bank (which failed).

West Virginia: Patriot Coal announced another 130 coal mining jobs lost!

20 november 2014: armed guards used to layoff employees!

The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shutdown. It doesn’t count people who get a severance for being laid off.

Business/Economics

It’s the Economy, stupid! Or, is it vulture capitalist investors? Iconic ebay kills at least 24-hundred jobs in 2015!

22 January 2015 (12:02 UTC-07 Tango)/01 Rabi ‘ath-Thani 1436/02 Bahman 1393/03 Yi-Chou (12th month) 4712

More proof it’s not the internet killing off brick-n-mortars!  News out of California saying massive job cuts and company destruction involving internet auction and selling site ebay.

Local San Jose news sources report that ebay administrators have confirmed they will sell off their PayPal ops, resulting in at least 2-thousand 4-hundred people becoming jobless!  The sale of PayPal is being pushed by ‘activist’ (more like vulture capitalist) investors who now control most of ebay’s stock.

Not only that, but ebay will further split into two units (confirming what I reported at the end of last year), which will most likely result in even more job destruction.  Company administrators are blaming last year’s cyber attack: “ebay’s loyal customers are back, but our more occasional customers have not returned.”-John Donahoe, ceo

However, I know that ebay has also been suffering from declining revenues caused by a reduction in users, because I’m a struggling long time seller on ebay.

It also doesn’t help that in 2013 the USPS jacked up international shipping rates by 60%, totally killing off my ebay auctions for 2013, since 90% of my sales were international!

ebay shutting down after Xmas? 

Sears turns to ebay!

ebay….build World’s largest data collection spy center system in Utah!

Obama regime uses their 2011 financing executive order to seize ebay linked PayPal accounts!

eBay striking it rich in China?