InkStop closed nationwide

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All 152 locations of InkStop closed Thursday night without notice. The closings are being called "temporary" and information about a restructuring is pending.

An internal memo from the board of directors reads, in part, "The company has elected to temporarily close all stores at the close of business today October 1, to focus on a restructuring plan in an effort to improve the overall operations of the organization. All employees are laid off until further notice."

Employees, who have gone without benefits for the past few weeks, were not informed in advance.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on October 4, 2009 3:16 PM.

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