After the Covid-19s, closure and bankruptcy became common all over the world in all sectors of the market and in all levels of the company.
The unconfirmed situation of the global economy after the epidemic has softened the spending on consumers Economic inflation. This has caused people to spend on their money more wisely, leaving companies suffering from inevitable consequences.
Do not miss this step: Subscribe to the free daily newsletter of Thestreeet
This unfortunate fate is increasingly common, even among the existing companies.
Related: The iconic retail chain reveals dates and places to close the stores
Although they were serving customers for many years, some can no longer overcome economic transformations or resilience in the increasing competition.
Wawa becomes a beloved store and a fuel station
Wawa started as dairy company in 1920 in Pennsylvania, and since then it has grown to become a special store and a gas station.
This famous stop for consumers busy is famous for a group of reasonable foods, especially Hoagies and sandwiches, which have become a favorite of customers.
Related: The beloved grocery chain closes all stores without offering bankruptcy
Wawa has more than 1110 sites in 10 states and regions across the United States as of April 8 this year. Although this series is known in the country, Florida, New Jersey and Pennsylvania are the areas that include most stores, which include a total of about 77 % of all sites.
Pennsylvania has the third Wawa sites in the country with 262 stores, which is approximately 24 % of the total number of Wawa units, according to L. Scrape.
Wawa to close two sites in Philadelphia
The shepherds of the hungry in the northeast of Pennsylvania will soon have two less options when they yearn for sausage, eggs and cheese between two planes. This month, Wawa will close two stores, less than two miles away. The first is located in 6506 Frankford Avenue and will be closed on April 22, followed by 6919 Castor Avenue, which will be closed on April 24.
It is still not known whether closing operations will lead to demobilization. However, the warning notice he posted The Ministry of Labor in Pennsylvania Only cases “closure” and not to lay off workers as a reason to provide them.
A decision was taken to close these sites after an intensive assessment of the analysis if it still meets all the requirements that Wawa has set, and these sites failed to reach them. Both units also do not contain gas pumps, which are huge revenues as well as many stores.
“Every year, we evaluate our stores through our series, including performance, circumstances, operational challenges, or the possibility of updating them,” wrote the director of government relations in Wawa and social responsibility in a warning letter. “Sometimes, we must make a difficult decision to close some of them.”
More retail news:
- CT scans of the inclined breakfast series, reduce promotions
- Walmart makes a horrific decision on his future amid uncertainty
- Key Coca-Cola, Pepsi competitor embraces the direction of a new drink
Wawa has closed about 11 locations in Philadelphia since 2020. However, about 20 stores are still open.
This last announcement of the closure comes after the company closed one of its oldest sites, 3230 Richmond Street in Philadelphia, last July 45 years after it no longer fulfills performance expectations.
Related: The Veteran Fund Director reveals the prediction of the S&P 500