CUSTOMERS of a popular convenience store say they have the perfect idea of what business could take its place after it closes at the end of July.
The Store, a Midwest convenience store chain, is closing all 25 of its stores.
two
two
Mountain Express Oil, which owns The Store buildings and land, filed for bankruptcy in the fall.
The company sold the properties to an investment firm and The Store was forced to close all convenience store operations on July 31.
Customers at a location in Marinette, Wisconsin discussed the future of the building where The Store is currently located.
“Perfect opportunity for someone to open a Wendy’s,” wrote one person on Facebook publish.
read more about store closures
Other residents complained there would be fewer gas options and convenience items after the closure.
“This sucks. We need them for the competition. If Kwik Trip gets them all their prices will go up,” one person commented.
“So Kwik Trip takes over,” added another.
Some residents said they hoped Kwik Trip would buy the properties.
BANKRUPTCY CONCERNS
Several companies are facing bankruptcy problems this year.
Popular fast food chain BurgerFi has revealed that it has been exploring bankruptcy options after closing several stores.
The restaurant opened in 2011 and has faced several financial problems since then.
BurgerFi closed 14 stores last year and eight more this year.
There are still 102 locations, but the last time the number of the chain’s stores fell below 100 was in 2018.
“We are committed to considering all potential strategic alternatives,” BurgerFi President David Heidecorn said in a statement Thursday.
“While we are confident in the company’s current operating strategy, we are aware of the company’s current liquidity challenges and are committed to exploring strategic alternatives that we believe would be in the best interests of the company and its stakeholders.”
The store’s fate
Mountain Express Oil, owner of The Store buildings and land, filed for bankruptcy in September 2023.
All properties were sold to an investment company, forcing The Store stores to cease operations.
Loja was notified that the real estate investment company would not extend its current operating agreement.
Twenty-five locations in Wisconsin and Michigan will close by July 31.
In January, BurgerFi’s share price plummeted below the stock exchange minimum of $1.
The network was eventually delisted from Nasdaq.
Between January and March this year, sales were 14% lower than last year.
In the first quarter alone, BurgerFi lost more than US$6 million.
TGI Fridays has also closed a popular location as fans say the brand is dead.
Plus, see which rapper is single-handedly trying to save Red Lobster from bankruptcy.
This story originally appeared on The-sun.com read the full story
/cdn.vox-cdn.com/uploads/chorus_asset/file/25508671/2158015570.jpg?w=300&resize=300,300&ssl=1)
