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Closures

Coronavirus forces Sonos to lay off 12% of its workforce_Fox Business

Coronavirus forces Sonos to lay off 12% of its workforce

By: Ann Schmidt
Source: Fox Business
Date of Publication: June 24th, 2020
Sonos is laying off 12 percent of its workforce because of the coronavirus pandemic, according to a Securities and Exchange Commission filing from Tuesday.
Yosemite Closes Campgrounds After Coronavirus Spike In California

Yosemite Closes Campgrounds After Coronavirus Spike In California

Source: KPBS
Date of Publication: June 23rd, 2020
California's Yosemite National Park is reversing course two weeks after reopening and now says it will hold off on reopening campgrounds through the month of July after a spike in coronavirus cases in the state.
Small businesses expect to fail. Here’s what will happen to their PPP loans.

Small businesses expect to fail. Here’s what will happen to their PPP loans.

By: Greg Iacurci
Source: CNBC
Date of Publication: June 24th, 2020
Small businesses have received nearly $630 billion in combined funding through the Paycheck Protection Program and the Economic Injury Disaster Loan program. Nearly a quarter of small businesses are considering closing permanently due to Covid-19, one survey found. All PPP loans and EIDL loans of less than $25,000 have terms that are relatively favorable to borrowers if they need to close.
Starbucks is closing up to 400 stores in shift to takeout strategy

Starbucks is closing up to 400 stores in shift to takeout strategy

By: Chauncey Alcorn
Source: CNN
Date of Publication: June 10th, 2020
Starbucks store closures and shift to a take-out business model
24 Hour Fitness files for bankruptcy and closes 100 gyms

24 Hour Fitness files for bankruptcy and closes 100 gyms

By: Jordan Valinsky
Source: CNN Business
Date of Publication: June 15th, 2020
National gym chain 24 Hour Fitness has filed for bankruptcy, after the Covid-19 pandemic forced its facilities shut for months.
Brooks Brothers has permanently closed 8 stores_BI

Brooks Brothers has permanently closed 8 stores as it weighs shuttering factories and eliminating as many as 700 jobs.

By: Madeline Stone
Source: Business Insider
Date of Publication: June 8th, 2020
Brooks Brothers could close its three factories in the US over the summer, according to WARN notices filed in New York, North Carolina, and Massachusetts. The layoffs would affect about 700 people.
Brooks Bros_NYTimes

Brooks Bros., ‘Made in America’ Since 1818, May Soon Need a New Calling Card

By: Vanessa Friedman and Sapna Maheshwari
Source: The New York Times
Date of Publication: June 5th, 2020
The clothing brand, which has dressed all but four U.S. presidents, could end up closing its three American factories as it navigates the pandemic.
Movie theater chain AMC warns it may not survive the pandemic

Movie theater chain AMC warns it may not survive the pandemic

By: The Associated Press
Source: Fortune
Date of Publication: June 3rd, 2020
Movie theater chain AMC warned Wednesday that it may not survive the coronavirus pandemic, which has shuttered its theaters and led film studios to explore releasing more movies directly to viewers over the internet.
'Carmen' and coronavirus don't match: NYC's Met Opera closed till December 31

'Carmen' and coronavirus don't match: NYC's Met Opera closed till December 31

By: Reuters
Source: Reuters
Date of Publication: June 1st, 2020
New York’s Metropolitan Opera will keep its curtains closed until a New Year’s Eve opening gala, it said on Monday, as it announced a season shortened by the coronavirus epidemic.
Google Announces Company Holiday To Address Coronavirus Work From Home Burnout

Google Announces Company Holiday To Address Coronavirus Work From Home Burnout

Source: NDTV, Reuters
Date of Publication: May 9th, 2020
Alphabet Inc's Google said on Friday it has asked employees to take a day off on May 22, to address work-from-home-related burnout during the coronavirus pandemic.