This major cinema chain has just announced that it closes all places

This is another victim of the long list of entertainment and retail fences in the middle of Coronavirus.


Each industry has been affected by the coronavirus pandemic and the locking of the virus brought with it. But some were struck stronger than others, includingentertainment, stadiums to concert halls atmovie theater. And now, a string will shutter for good.Regal Cinemas officially closes all its locations in the United States and U.K.According to a recent statement by the parent company of Regal, the CineWorld group. The Cineworld Group, the second largest global cinema chain, announced Monday that its 536 theaters of Cinemas Regal Cinemas and 127 Cinemas Regal and Picturehouse in U.K.Cessation operations As early as October 8, according to CNN.

The closures were announced on Monday, October 5, with the company relating to a declaration noting that Cineworld had a limited cinematographic offer for its customers, largely toCOVID film production time. However, just one day before, the chain announced that it did not make official decisions about closing. "We can confirm that we are considering the temporary closure of our U.K. andAmerican cinemasBut a final decision has not yet been reached. Once the decision has been made, we will update all staff and customers as soon as possible, "Tweeted Cineworld on October 4th.

regal movie theater with sign indicating closure amid coronavirus
Shutterstock / David Philogene

The final nail of the chain coffin was the decision to repel the release date of the next film James BondNo time to die, which will not hit the theaters before spring 2021-a year after its initial anticipated exit date of April 10, 2020.

"When the obligation decision has arrived, a decision that followed many delays from other films, we had to change the direction,cinemas and wait for a situation where studios will be able to present a solid liberation schedule, "CEO of CineworldGREIDING MOOKY said the deadline.

While Greidinger said the channel will open again when film studios resume regular production, the decision to close, even temporarily, will have an undeniable impact on 45,000 Cineworld employees. Greidinger confirmed on the deadline that the majority of Cineworld employees will be final or forced to take unpaid leave in the light of closures, noting that the decision to do so "with a very heavy heart".

Unfortunately, many Cineworld employees say they have discovered that they were losing their job afterSee reports on the closure of the company in the news.

"The workers have been left by discussions that should have included our voices. However, in this case, it goes beyond belief. To know that you can not have a job in the media is awful", group d Cineworld Action, which represents the company's employees tweeted on October 3rd. They added, "There wasNo consultation with staff anything. "

Cineworld is not the only cinema chain that has fallen on difficult times since the pandemic has started; In June, the largest cinema in the world announced that it was "Generate effectively no turnover"And" and had lost up to $ 2.4 billion in the first quarter of 2020 only, opting to reduce managers' salaries and leave employees to stay afloat. Of course, it's not just cinema theaters that get on the middle of the pandemic, either. Read it to discover which other huge channels have been forced to make major changes due to COVID-19. And for another global company that has been touched, discover whichThe popular clothing chain has just announced that it was the closure of 250 stores.

1
Belk

belk department store entrance within mall
Refuge

REGIONAL DEPARTMENT BELK, which operates 291 locations throughout the Atlantic and South, has fallen on difficult times since the beginning of the pandemic, which leads a lot to believe that its stores may not be long for this world . According to a report of September 30 ofStrong, The storesSellers say they are not paid And their contacts to society do not respond to their communications anymore. The company has already undergone two tours of dismissal since the beginning of 2020. And for another beloved brand that has financial problems, discoverDisney's last announcement shows that there might be problems in advance.

2
Northern

Nordstrom
Refuge

The losses of Nordstrom in the middle of Coronavirus Pandemic have led to a number of closures to the beloved brand. In May, the department store announced that 16 of its stores would cease operations and all three Jeffrey stores, specializing in the goods of high-end designers, would also close.

3
Stein Mart

A Stein Mart location in Rochester Hills, Michigan. Stein Mart is a chain of department stores in the US.
exit

One month after the deposit of Chapter 11 Protection against bankruptcy,Discount Department Store Stein Martannounced in September he would closed all 279 of his stores. While the old retail places of the store are already being beingMarketed to new customersThe channel is always selling its remaining goods online, offering sales up to 60% off. And for more new news delivered directly to your inbox,Sign up for our daily newsletter.

4
21st century

century 21 department store exterior
Refuge

21st century, a large discount shop that operated 13 locations in New York, New Jersey and Pennsylvania, announced in September that it would closed all its locations for good.

"Our insurers, to whom we paid important premiums each year for protection against unforeseen circumstances as we live today, haveturned his back on us At this critical period, "says Century 21 Co-CEORaymond Gindi in a report.

5
Bathtub bed and beyond

bed bath and beyond with store closing sign
Acarter89 / Shutterstock

While many bath and beyond stores will stay open, the giant of the house announced that it would beClose about 20% of its locations, or 200 stores in total over the next two years.

The CEO of the company,Mark Tritton, announced in July that the combination of theCovid-19 pandemic and the recovery of online purchases had precipitated change. And for more insight into the changing retail landscape,This beloved house shop closes more than half of its locations.

6
Pier 1

Pier 1 Imports store with closing sign
Refuge

Pier 1 filed for bankruptcy in May and is currently working on the closure of all its 540 State Status stores by the end of October. "The stimulant retail environment has been considerably aggravated by the deep impact of Covid-19 ...to force us to go down, "explained the CEO and the CFORobert Riesbeck in a report.


Categories: Culture
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