Arizona
These major chains are closing stores across the US. Are any Arizona locations affected?
Walgreens to lower prices on hundreds of items this summer
Walgreens’ announcement to lower prices comes as above-average inflation has persisted after reaching a four-decade high in 2022.
Scripps News
Several major companies announced store closures in the past months.
Walgreens is the latest to announce closures, though the number or location of the impacted stores wasn’t shared. The pharmacy chain expects a “significant portion” to shutter over the next three years.
“We are at a point where the current pharmacy model is not sustainable and the challenges in our operating environment require we approach the market differently,” Wentworth said Thursday during the company’s quarterly earnings call.
But Walgreens isn’t the only major brand closing locations. Here’s what to know about the stores closing and any affected locations in Arizona.
Which companies are closing stores in the US?
Endless shrimp did not cause Red Lobster to file for bankruptcy
A series of financial problems including $294 million in debt has lead seafood giant Red Lobster to file for bankruptcy.
Walgreens announced on Thursday that it would close locations across the U.S.
Red Lobster closed nearly a hundred locations in May while filing for Chapter 11 bankruptcy, including one in Arizona. More locations could also be affected.
At least 44 Hooters locations had closed as of Friday, USA TODAY reported. The company attributed “pressure from current market conditions” as the reason for the closures.
Why is Walgreens closing stores?
The Illinois-based pharmacy giant noted that 25% of its stores are underperforming.
Wentworth said in a statement, “We are addressing critical issues with urgency and working to unlock opportunities for growth. Many of these actions will take time, but I am confident that we have the right team and the right strategy to lead a business turnaround for Walgreens that our customers and patients need.”
Walgreens is not alone in its financial troubles. The country’s largest pharmacy chains are shuttering stores. CVS and Rite Aid have had a bumpy two years with store closures and bankruptcy filings.
In the fridge: These ice creams sold in Arizona grocery stores are being recalled. Here’s what to do
Are any Arizona Walgreens stores closing?
The company has not announced what stores will be closing. It is unknown yet what locations in Arizona will be affected. Wentworth said the company has roughly 2,100 underperforming stores. Over the past ten years, Walgreens has closed 2,000 store locations.
Why is Hooters closing stores?
A “select number” of Hooters restaurants will shut down due to “pressure from current market conditions,” the chain said in a statement to USA TODAY on Monday.
“Ensuring the well-being of our staff is our priority in these rare instances,” the statement reads. “This brand of 41 years remains highly resilient and relevant. We look forward to continuing to serve our guests at home, on the go and at our restaurants here in the U.S. and around the globe.”
Hooters hit by inflation, forced to close 40 locations across US
Hooters abruptly shut down around 40 locations across the US due to poor financial performance.
Benzinga – News
Are any Arizona Hooters locations closing?
No Hooters restaurants in Arizona appeared to be closing. All locations were listed as open on the company website, and none appeared in other media outlets’ lists of stores closing.
There are five Hooters restaurants in Arizona, according to the company’s website.
- 1665 S. Alma School Road in Mesa.
- 10223 N. Metro Parkway in Phoenix.
- 2820 N. 75th Ave. in Phoenix.
- 7280 E. Broadway Blvd. in Tucson.
- 1519 S. Yuma Palms Parkway in Yuma.
Why is Red Lobster closing?
According to Bloomberg, Red Lobster has been finding it difficult to make money with its current leases and labor costs. It has also been reported by CNN the company suffered a $12.5 million operating loss in the fourth quarter of 2023 despite its popular endless shrimp promotion.
By filing for Chapter 11 bankruptcy, the company would stay open while it reorganizes funds to pay off existing debt over time, seeking to continue with better financial footing.
Bloomberg also reported Red Lobster is being advised by law firm King & Spalding on the subject. Any discussions about restructuring are ongoing, and no final decisions have been made regarding a bankruptcy filing as of April 18.
Which Arizona Red Lobster locations are closing?
Before Red Lobster officially filed for Chapter 11 bankruptcy, the company listed some United States stores as closed. As of May 23, 2024, just one Red Lobster location in Arizona was listed as “closed” or “temporarily closed.”
- 11695 N. Oracle Road in Oro Valley.
According to one of the documents filed in bankruptcy court, these Arizona Red Lobster locations are on the chopping block if their leases cannot be renegotiated:
- 1521 S. Yuma Palms Parkway in Yuma.
- 5061 N. Oracle Road in Tucson.
- 7921 W. Bell Road in Peoria.
- 2810 N. 75th Ave. in Phoenix.
GLENDALE, AZ — A Glendale Police Department traffic enforcement operation is targeting red-light runners, putting a spotlight on the split-second decisions that can lead to life-altering crashes.
Arizona continues to be one of the worst states in the country for red-light running.
According to the Arizona Department of Transportation, nearly 6,000 drivers were involved in red light crashes at intersections, resulting in more than 60 deaths.
Officer Schlingman from the Glendale Police Department said the two most common excuses he hears from drivers cited for the violation are that they thought the light was still yellow, or that they were running late.
Watch in the player above as ABC15 gets a front-row seat inside the traffic enforcement operation as part of Operation Safe Roads.
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PHOENIX — Happy Wednesday!
We’re staying on top of the latest happenings from across the Valley, state, and our nation for Wednesday, July 15; here’s what you need to know as you start your day:
The monsoon is not done with us yet. A few scattered storms could pop up in the Valley later today. Until then, partly cloudy, hot, and humid with a high of 108º. Better storm chances arrive tomorrow.
The mother of a 21-year-old woman who was found dead near Lake Pleasant over the weekend is speaking about her daughter’s death to ABC15.
Arianna Jones, 21, was last known to be at her apartment near 59th and Northern avenues. When her family went to check on her, they said they found damage to her front door, and she was not there. Her family has had no contact with her since July 5.
A friend told police that she had planned to meet “an acquaintance” for a movie. Evidence shows the man, identified by police as Domonic Rodolico, had picked Jones up from her apartment and never returned.
On Saturday, July 11, officials located “decomposing human remains in this area along with additional evidence,” including movie theater cups and clothes.
Glendale police confirmed Monday that Rodolico was taken into custody on charges including first-degree murder. Police say he is being held on a $2 million cash bond.
Mother of Glendale woman found dead near Lake Pleasant speaks to ABC15
One person is dead, and four others are hurt after a multi-vehicle crash in Scottsdale.
Police say they were called to the crash at Scottsdale Road and Shea Boulevard around 4:45 p.m.
When officers arrived, they found six vehicles involved in the crash.
All told, Scottsdale police say five people were taken to the hospital for their injuries.
One person later died of their injuries. That person has not yet been identified.
abc15
Arizona’s 1st Congressional District has become one of the most watched races in the country, with political experts calling it a toss-up ahead of the primary election.
CD1 is among a small number of truly competitive House races, said Kyle Kondik, managing editor of Sabato’s Crystal Ball at the University of Virginia’s Center for Politics.
“We only have 16 tossups in the House in our Crystal Ball House ratings. Two of them are Arizona One and Arizona Six, so they’re really, really important,” Kondik said.
CD1 is home to about 820,000 people. The district includes northeast Phoenix, Scottsdale, Fountain Hills, and Cave Creek. Because the race is so competitive, campaigns are spending heavily to reach voters.
“There are a lot of people who live in the Phoenix area who don’t live in Arizona One. But they’re going to be seeing those ads for Arizona One anyway,” Kondik said.
Arizona’s 1st Congressional District race is one of the most competitive in the country
In a world where headlines often focus on what teenagers are doing wrong, one Valley band is giving people a reason to turn up the volume.
Anthem-based rock band The Deadline, made up of local teenagers, recently returned from a remarkable trip to Poland, where they performed for U.S. and NATO troops stationed near the Ukraine border.
The opportunity came after the young musicians caught the attention of Polish officials and continued building a reputation through Alice Cooper’s Proof Is in the Pudding competition.
What followed was a once-in-a-lifetime invitation to use their music to boost morale for troops serving far from home.
Arizona teens bring musical talent to audience of troops near Ukraine
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Maricopa County, Ariz., asked the court to affirm its determination that the location was a 30-auditorium mixed used movie theater worth nearly $29 million in full cash value and $12.5 million in limited value.
However, AMC’s expert appraiser didn’t err when he limited the property’s valuation to the 17 auditoriums the theater currently uses to show films, the court determined in an unsigned opinion posted Tuesday. …
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