91-year-old supermarket chain closes stores, lays off dozens
The grocery chain will close several underperforming stores when leases expire.
The grocery chain will close several underperforming stores when leases expire.
BELLINGS Intelligence Score: 10
Why it matters
The supermarket chain's store closures and layoffs represent routine business downsizing with limited systemic impact or novelty for credit markets.
Sources
TheStreet
91-year-old supermarket chain closes stores, lays off dozens
The grocery chain will close several underperforming stores when leases expire.
Yahoo Finance
91-year-old supermarket chain closes stores, lays off employees