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Grocery Chain with 100 New York Locations Announces Store Closures
wbix950.com ^ | May 31, 2024 | Megan

Posted on 06/02/2024 7:25:39 AM PDT by lowbridge

One of the best-known grocery chains in the Northeast announced it's closing an unspecified amount of stores.

Yet another business with ties to New York is closing multiple locations. The news follows what can only be described as a landslide of abrupt closings.

Retro Fitness in Yorkville ceased operations on May 22, a few days after Wheelock Rides out of Syracuse took its final bow. Not only that, Freihofer's bakery shut its doors for good after 140 years, including its Verona location.

And, just yesterday, BNY Mellon announced it's shuttering its Oriskany Business Park location.

These local closures come as national chains like Red Lobster and Applebees shut down several of their locations due to financial constraints.

The bad news keeps coming because now Stop & Shop, which has 100 stores in New York, will also scale down its portfolio.

The supermarket chain didn't reveal just how many stores will cease operations, but the chain did confirm the stores slated for closure have been earmarked for underperformance. A spokesman said the company wants to ensure a "stable and thriving future" by focusing on core markets.

No information was provided as to when these grocery stores will blink out of existence.

(Excerpt) Read more at wibx950.com ...


TOPICS: Business/Economy; News/Current Events; US: New York
KEYWORDS: bidensrottenapple; closures; food; newyork; nybidenville; retail
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1 posted on 06/02/2024 7:25:39 AM PDT by lowbridge
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To: lowbridge

I’m sure the craziness of the situation in NY State has a lot to do with all these closures, I wonder if this is just the canary in the coal mine, starting in NY because of bad politics but spreads to other similar states and finally to the rest of the country as a whole due to the bad economic policies coming out of Washington.

The amount of debt not just in Washington but in the rest of the economy is off the charts, sooner or later that debt will be called in.


2 posted on 06/02/2024 7:31:06 AM PDT by srmanuel
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To: lowbridge

New York is falling apart.


3 posted on 06/02/2024 7:32:43 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......)
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To: lowbridge
Smart people are getting out of NY and esp. NYC as fast as they can. They see the writing on the wall and getting out before it becomes illegal to get out.

I spent FRI liquidating NY and NYC corporate and tax free muni bonds from clients accounts. A+ or better Moody's/S&P ratings be damned. I put them into TEX ISD and MUD tax free bonds and other red state munis.

4 posted on 06/02/2024 7:33:16 AM PDT by DCBryan1 (Inter arma enim silent leges! - Cicero )
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To: lowbridge

GOOD!! They are closing because of theft, but we MUST BOYCOTT EVERYTHING THAT ANY DEMOCRAT OWNS, RUNS OR HAS ANYTHING TO DO WITH THE COMPANY!!


5 posted on 06/02/2024 7:33:58 AM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: caww

Seems to me large cities are falling apart.
Meanwhile much of new construction seems to be in the suburbs of cities.


6 posted on 06/02/2024 7:37:40 AM PDT by Leep (Leftardism strikes 1 in 5.)
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To: Ann Archy

“GOOD!! They are closing because of theft, but we MUST BOYCOTT EVERYTHING THAT ANY DEMOCRAT OWNS, RUNS OR HAS ANYTHING TO DO WITH THE COMPANY!!”

I’m in.


7 posted on 06/02/2024 7:38:44 AM PDT by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: lowbridge

And there are STILL New Yorkers cheering Biden on.


8 posted on 06/02/2024 7:38:48 AM PDT by Blood of Tyrants (The problem with socialism is that you eventually run out of other people's money. - M. Thatcher)
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To: lowbridge

Draw a circle around the New York chitty area and that would cover most of the closures.


9 posted on 06/02/2024 7:40:01 AM PDT by dynachrome ("God grant I don't outlive my wits.")
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To: DCBryan1

$GME or nothing.


10 posted on 06/02/2024 7:41:45 AM PDT by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
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To: lowbridge
Curley Effect.

James Michael Curley, a four-time mayor of Boston, used wasteful redistribution to his poor Irish constituents and incendiary rhetoric to encourage richer citizens to emigrate from Boston, thereby shaping the electorate in his favor. As a consequence, Boston stagnated, but Curley kept winning elections. We present a model of using redistributive politics to shape the electorate, and show that this model yields a number of predictions opposite from the more standard frameworks of political competition, yet consistent with empirical evidence.

11 posted on 06/02/2024 7:42:04 AM PDT by Lonesome in Massachussets (לעזאזל עם חמאס)
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To: caww

NYC is now the Bad Apple.


12 posted on 06/02/2024 7:43:32 AM PDT by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TPetty)
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To: lowbridge

You’ll note all these closing shops are “low-end” and relatively low-cost outlets

IMHO America’s economy is becoming feudalized, with a few well-connected elites running the empire, while average people with limited options become poorer.

It an economic phenomenon as old as time - fiat money debasement, inflation, increasing government central-planning leading to cronyism, Cantillon effects.


13 posted on 06/02/2024 7:44:20 AM PDT by PGR88
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To: Lonesome in Massachussets

Quincy, Massachusetts based Stop and Shop. Elizabeth Warren was not available for comment.


14 posted on 06/02/2024 7:44:59 AM PDT by Lonesome in Massachussets (לעזאזל עם חמאס)
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To: DCBryan1

“Smart people are getting out of NY.”

We put our NY house on the market a few days ago. Moving to Arizona where our vote might make a difference.


15 posted on 06/02/2024 7:45:21 AM PDT by Labyrinthos
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To: DCBryan1
I spent FRI liquidating NY and NYC corporate and tax free muni bonds from clients accounts.

When I retired two years ago and rolled over one of my retirement funds to an IRA, I instructed my investment adviser that I did not want any of my money in Municipal or state bonds.

The crash is coming and I believe it is coming soon.

Government has been mismanaged for far too long and the retirement funds are so far in the red that they will be collapsing soon.

16 posted on 06/02/2024 7:46:14 AM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: FamiliarFace

LOL


17 posted on 06/02/2024 7:47:03 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......)
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To: FamiliarFace

“Rotten Apple”


18 posted on 06/02/2024 7:47:30 AM PDT by motor_racer ("Show me the man and I'll show you the crime" - Lavrentiy Beria, J. Stalin Deputy Premier)
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To: lowbridge
I assume these closing are economic in nature, and not related to the sham verdict against Trump.

I wonder what the impact of that verdict does to businesses as well. It has to send a chill through all of them, because who knows how a business might be impacted by states that operate upon whims.

19 posted on 06/02/2024 7:48:24 AM PDT by Robert DeLong
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To: lowbridge

You can’t make money if the community you serve overtly tolerates petty larceny and almost never arrests felons.


20 posted on 06/02/2024 7:50:13 AM PDT by allendale
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