Bankruptcies, Business Failures, Layoffs, etc

All stores closed in San Diego...

The odd thing was they did Really well during Covid. Store shelves would sell out as soon as they were stocked, during the California Covid Lock downs. The state closed so many small retailers, and all the malls, Big Lots was one of the few open that had various items.

I thought they were one of the huge winners. I guess they must not be managed well at all - I'm sort of shocked that they are in bankruptcy.
 
All stores closed in San Diego...

The odd thing was they did Really well during Covid. Store shelves would sell out as soon as they were stocked, during the California Covid Lock downs. The state closed so many small retailers, and all the malls, Big Lots was one of the few open that had various items.

I thought they were one of the huge winners. I guess they must not be managed well at all - I'm sort of shocked that they are in bankruptcy.
We were doing a fair amount of refrigeration installations for them, it all just stopped.

Walgreens was another account we had; they were doing complete retrofits on their refrigeration systems. We'd go in on a Monday and turn it over on Friday. Good money! Then we got word that all remaining projects were on indefinite hold.

I got out at the right time; we were on top and were able to show the company who bought us great numbers. But i suspected it would be downhill from there, and it appears I was right.
 

SunPower Plunges on Default Risk and Going-Concern Warning​


SunPower Corp. plunged the most ever in intraday trading after it breached a credit agreement and said there is “substantial doubt” about its ability to continue operating.




July 18 (Reuters) - SunPower (SPWR.O), opens new tab shares plummeted nearly 20% on Thursday after the solar company informed clients that it is pausing some operations, including deactivating lease and power purchase agreements from its own sales platform and halting new product shipments.
In an online communication seen by Reuters and confirmed as authentic by the company, SunPower said it would stop countersigning new agreements and would be unable to support installation services for shipments in transit or already delivered.
 
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