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CVS says it will close 271 retail locations across the country by the end of the year. The company — the world’s second-largest healthcare provider — announced the move to stockholders late last week as part of an enterprise-wide restructuring plan. The goal, CVS says, is to simplify the organization, improve efficiency, and generate more than $500 million in cost savings in 2025. CVS has not yet released which stores will be affected or when closures will take place. The company currently operates around 9,100 stores across the US. Founded in 1963 in Lowell, Massachusetts, CVS is now headquartered in...

New York City Democrat Mayor Eric Adams announced Monday the Roosevelt Hotel, notorious for being turned into a shelter for migrants, will be shut down over the next few months. In a statement, the mayor said “Today marks another milestone in demonstrating the immense progress we have achieved in turning the corner on an unprecedented international humanitarian effort,” Fox News reported. “Now, thanks to the sound policy decisions of our team, we are able to announce the closure of this site and help even more asylum seekers take the next steps in their journeys as they envision an even brighter...

Macy’s, Inc. confirmed on Thursday, Jan. 9, the closure of 16 stores across Virginia, New Jersey, New York, Massachusetts, and Maryland as part of its "Bold New Chapter" strategy.The closures are among 66 Macy’s locations set to shutter nationwide, a move designed to return the company to "sustainable, profitable sales growth." The stores closing in these states include:VirginiaSouthpark MallPennsylvaniaLogan Valley MallExton Square MallWyoming Valley MallPhiladelphia Center City Store in the Wanamaker BuildingNew JerseyEssex Green Shopping CenterNew YorkLake SuccessMelville MallQueens PlaceSheepshead BayMall at Greece RidgeSunrise MallBrooklynStaten Island FurnitureFordham PlaceMassachusettsIndependence MallMarylandSecurity SquareHarford MallThe company first announced the Bold New Chapter strategy in...

The closures are part of a strategic effort to streamline operations and focus on more profitable locations amid rising operational costs and stiff competition.Wendy’s CEO Kirk Tanner said the restaurant selected for closure are “outdated and located in underperforming areas,” according to CEO Today.The closures are expected to end by year's end.Two Ohio locations were among the first to close, according to the Dayton Daily News.Other locations of scheduled closures have not been released.Customers voiced frustration over increasing menu prices and declining food quality, reflecting challenges that have impacted the chain’s weaker-performing stores.Despite these closures, Wendy’s remains committed to growth....

Convenience store chain 7-Eleven will close hundreds of stores as the company faces declining sales at its U.S. stores.7-Eleven operates more than 13,000 stores across the United States and Canada. The company plans to shut down 444 “underperforming stores” as part of improving efficiency and managing cost, according to an Oct. 10 financial forecast presentation from the firm. The closures represent more than 3 percent of the company’s U.S. and Canadian stores. This is expected to generate approximately $30 million in operating income benefit for the retail chain this year.7-Eleven is looking to boost capital efficiency and ensure sustained business...

KNOXVILLE, Tenn. (WATE) — Travelers between East Tennessee and western North Carolina will continue to take alternate routes in the aftermath of Helene. The North Carolina Department of Transportation (NCDOT) said Monday a stretch of Interstate 40 in the Pigeon River Gorge would remain closed indefinitely as efforts to repair parts of the interstate damaged by Hurricane Helene late last month continue. Crews started operations in the Gorge last week, NCDOT said on Monday, with a temporary shoring operation underway to save what was left of the westbound lanes. Crews will drill soil nails in order to stabilize the westbound...

Casual dining chain TGI Friday's has closed at least a dozen of its restaurants in the last few weeks.According to the company's website and other reports, the following locations are now listed as permanently closed:New YorkMiddletown, 23 Crystal Run CrossingPoughkeepsie, 2594 South Road (Route 9)Clifton Park, 1 Southside Drive ConnecticutEnfield, Freshwater-Stateline Plaza, 130 Elm StreetPennsylvaniaAllentown, 395 S Cedar Crest Blvd.VirginiaLeesburg, 235 Fort Evans Rd NECustomers at several of the locations were surprised by signs posted announcing the sudden closures.Founded in New York City, TGI Friday's has over 200 restaurants in the US.Earlier closures were mainly in the Midwest.

Abbey Ballentine, a student from Ohio’s Cleveland area, selected nearby Notre Dame College because it had everything she was looking for. It was a small, friendly campus with competitive Division II soccer and it was close to home.Illustration by The Epoch Times, Birmingham-Southern College, Cabrini University, Clarks Summit University, University of the ArtsBy late fall of 2023, just a few months into her freshman year, she heard rumors the school had financial problems.The official closure announcement was made early into the spring semester and the college closed its doors in May.Campus advisors and administrators helped students quickly find other schools...

Nordstrom is closing two corporate offices and asking some employees to relocate to its Seattle headquarters, GeekWire has learned. Nordstrom confirmed that it will let leases expire at its offices in Los Angeles and Chicago, citing low usage of the spaces as a primary reason for the decision. Most employees based in those cities will transition to full-time remote roles while others will be required to relocate to Seattle, the company said. It will use store locations in Los Angeles and Chicago for smaller team gatherings.

In the wake of last month’s attempt on former President Donald Trump’s life and a slew of threats, local government officials in Palm Beach, Florida, were considering shutting down access to Trump’s Mar-a-Lago home and resort, allegedly for “safety” reasons, the Palm Beach Daily News reported. The Palm Beach Council met on Monday, directing city staff to investigate ways to handle the closure of a section of South Ocean Boulevard near Trump’s home that the Secret Service mandated following the July 13 the assassination attempt. Nobody from the general public is allowed through without passing a number of security checkpoints...

The company that runs the Fulton Center mall told the MTA last month it wants out of its lease because of crime and homelessness issues. Westfield signed a 20-year lease with the MTA, but wants to exit operations at Fulton Center more than 10 years before the end of the deal, according to a lawsuit the New York City Transit Authority filed days after receiving the news from the mall operator. The Fulton Center shopping complex operates above a transit hub that services eight subway lines, and is the busiest subway complex in Lower Manhattan, according to the MTA. The...

One of the nation's major oil companies says it will close 1,000 gas stations. Shell made the announcement in its 2024 Energy Transition Strategy report, saying the measure is “in response to customer needs” and aimed at reallocating those resources towards EV charging stations. Shell said it will close 500 stations in 2024 and the other 500 in 2025. “We believe growth in oil demand is set to slow in the second half of this decade and could start falling in the 2030s because of increasing vehicle efficiency and growth in electric vehicles," the company stated in the report. "Today...

In-N-Out Burger will go ahead with plans to close its Oakland restaurant this weekend, the Irvine-based fast food chain confirmed in an email Thursday. The drive-thru’s last day will be Sunday, March 24, as the company announced in late January, citing crime in the area as endangering customers and employees. Statistics show the crime situation is starting to improve, city leaders have said recently. The announcement made national news In-N-Out’s “first time ever” permanent closure, as CNN put it. In-N-Out was founded in Baldwin Park in 1948 by Harry and Esther Snyder and in the following 75 years grew to...

Hundreds of hospitals in rural areas of the US are at risk of closure, according to new data from Chartis, a Chicago health care advisory services firm. A total of 141 rural hospitals have closed since 2010 — while another 453 are “at risk of closure,” according to a press release. The seven states with the most hospitals vulnerable to closures include Texas (45), Kansas (38), Nebraska (29), Oklahoma (22), North Carolina (19), Georgia (18) and Mississippi (18), as listed in Becker’s Hospital Review. In Florida, Tennessee and Nebraska, more than 41% of rural hospitals are at risk of closure....

BOSTON — A major drugstore chain is shutting down another location in Boston in just a matter of days and people who live in the area are concerned that they are now living in a “pharmacy desert.” The Walgreens at 416 Warren Street in Roxbury will shut its doors for good come Martin Luther King Jr. Day, becoming the chain’s fourth city location to close in a little over a year. In late 2022, Walgreens suddenly shuttered locations in Mattapan, Hyde Park, and on Washington Street in Roxbury. Some Boston City Councilors have blasted the company for closing stores in...

As Beege Welborn pointed out earlier this week, the owners of Westfield Mall in downtown San Francisco have announced that they’ll be giving the property over to the lender. The mall had already lost Nordstoms last month and this week the Cinemark movie theater also announce it was closing. In fact, today is the theater’s last day.The Cinemark movie theater complex sent an email to its customers announcing its final films would play Thursday, and the complex would close on Friday.In a statement to The Standard, Cinemark confirmed the decision to permanently close the Century San Francisco Centre 9 and...

The trend has been called a retail exodus. In the past few months there have been more than a dozen store closures in downtown San Francisco. I’ve written about the closure of a flagship Whole Foods which made 568 calls to 911 over the 13 months it was open. A 300,000 square foot Nordstroms is closing as is Office Depot, Anthropologie, Saks Off 5th and many more. The SF Chronicle put together this map showing the recent closures.And last week another major retailer announced it was closing up. Old Navy will be shutting down its San Francisco store this summer.The...

There are 646 rural hospitals at risk of closure due to financial issues, comprising around 30 percent of all rural hospitals in the U.S., according to the Center for Healthcare Quality & Payment Reform.The hospitals face losses on patient services as health plans aren't paying enough to cover the cost of care delivery. The losses will likely increase as inflation and workforce shortages persist, according to the report, which was released in April. While rural hospitals are receiving some support through grants, local tax revenues or other profits, they still have low financial reserves and remain at risk.More than half...

Last week, the largest West Coast port — the Port of Los Angeles — along with the Port of Long Beach experienced an unplanned 24-hour closure. The ports closed because dock workers simply didn’t show up, leaving the Thursday night shift and the Friday day shift unmanned. The International Longshore and Warehouse Union issued a statement saying workers not showing up for their shifts was no big deal:On the evening of Thursday, April 6, 2023, International Longshore and Warehouse Union (ILWU) Local 13 held its monthly membership meeting as is its contractual right. … Several thousand union members attend the...

Whole Foods opened its 64,000+ square foot “flagship” store in downtown San Francisco in March of 2022. On Monday, the grocery giant announced it was shuttering that location — at least for now.“We are closing our Trinity location only for the time being,” a Whole Foods spokesperson said in a statement. “If we feel we can ensure the safety of our team members in the store, we will evaluate a reopening of our Trinity location.”A City Hall source told The Standard the company cited deteriorating street conditions around drug use and crime near the grocery store as a reason for...