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ESI shutters Massachusetts plant as Portland company restructures

2015-03-16 22:20:50| Semiconductors - Topix.net

Electro Scientific Industries Inc. will close an assembly plant and development center in Chelmsford, Massachusetts, as part of a corporate restructuring aimed at streamlining manufacturing and development. "This action will enable us to further focus our efforts on growing our business while consolidating manufacturing facilities and lowering our fixed cost base," said Edward Grady , ESI's president and CEO, in a release.

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Apparel retailer C Wonder shutters operations

2015-01-08 11:53:00| Daily apparel & textile news and comment - from just-style.com

US clothing and footwear business C. Wonder is to shutter its 100 remaining stores, blaming the "highly competitive" retail environment.

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Peet's Coffee & Tea abruptly shutters stores in Ohio, Michigan and Pennsylvania

2014-12-17 22:10:40| Food - Topix.net

Emeryville-based Peet's Coffee & Tea surprised loyal customers across the nation's Rust Belt this week with the closure of stores in Ohio, Michigan and Pennsylvania. "This is not an easy decision, but it's important that we responsibly manage our costs and begin 2015 with a stronger focus on our top-performing markets, including Chicago, D.C., Boston and California," Peet's said in closing the stores Dec. 15. "Peet's began an aggressive U.S. expansion in summer 2013, and we're seeing incredible growth in new markets like Chicago and D.C.," Peet's said.

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