Any business owner will tell you that profits come and profits go and the outlook can turn on a dime with changing conditions. That appears to be the case for a burger chain that has a location in Illinois that says it suddenly may be declaring bankruptcy based on a new report.
There was big chatter a few years ago about how Gamestop was planning to close hundreds of stores, but then that discussion stopped being a news item. However, I've learned that the company has rather quietly closed several Illinois and Missouri locations recently with little fanfare.
I saw a surprising report today after an earnings call by Noodles & Company. Underperforming locations were mentioned and the estimate is that between 15 and 20 may close. The question now is how many of the 59 current restaurants in Illinois might be affected.
There were some very dire statements in a new update from Big Lots about what the rest of the year will be like for the retail chain. Reports say there are plans to close 40 stores and the question now is how many of the 29 current Illinois locations will be affected.
It's not easy to complete a merger of two companies into one. If you doubt this, this is a great example. Thanks to new court activity, the sale of 35 Illinois grocery stores may now be on a permanent hold.