Beloved donut chain abruptly closes 2 locations in desperate bid to secure future nearly 5 years after bankruptcy filing
A popular doughnut chain has announced that it will be permanently closing two of its stores.
To the chagrin of its patrons, Blue Star Donuts posted the shutdown on social media.
We regretfully announce the closure of our Lake Oswego and Mississippi locations, effective immediately, the Portland-based company posted on Instagram.
Numerous wonderful experiences, happy occasions, and meaningful relationships have taken place in these areas.
Even though it was a very tough choice, we had to do it in order to guarantee Blue Star’s long-term stability as we enter our thirteenth year.
Instagram followers reacted to the image with sadness.
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One fan remarked, “The best donut in Oregon, hands down.”
Another said: This is so awful! No way! [tear face emoji]
Another client, meanwhile, disclosed: “I had my first Blue Star donut at Mississippi Location, and it was a spiritual experience.”
“I’m very sorry to learn that you’re leaving that location.
TROUBLED TIMES
Following a number of difficult years for the business, the North Mississippi Avenue and Lake Oswego sites have been closed.
According to Portland news website Koin 6 News, Blue Star declared Chapter 11 bankruptcy in August 2020 after closing a number of its stores as a result of the epidemic.
The corporation announced the most recent closures on January 2 despite revamping since then.
“There are a lot of extremes that come with being a small business,” Blue Star wrote on Instagram.
Even if we may brag like a bigger company, the reality is that, in a world where labor, food, and rent prices are rising at an accelerated rate, a very small, resilient, and diligent team works tirelessly behind the scenes to continue producing a high-quality product of which we are proud.
It is truly an incredible privilege in this field to have been able to serve our community for the past 12 years.
The post continued by expressing gratitude to the company’s landlords for their cooperation and support.
US braces for ‘45,000 store closures’
Experts have warned that in the next five years, about 45,000 physical stores may shut.
In recent years, a number of large retailers have announced shop closures or completely shut down their operations.
Chains including Mitchell Gold + Bob Williams, Shore City, Tuesday Morning, Sally Beauty, Foot Locker, and Z Gallerie have all closed.
Bed Bath & Beyond is now only an online retailer after closing all of its physical locations.
Since the beginning of 2019, the retailers most impacted have been those selling apparel, consumer electronics, sporting goods, hobbies, books, music, and home furnishings.
According to UBS, there will be 45k fewer retail locations overall—from 958k to 913k.
According to the paper, certain establishments should prosper while others should suffer.
Retailers like Target, Walmart, Costco, and Home Depot might be among the winners, it added.
But in the end, we sometimes have to make tough choices, lose weight, and fight another day, they continued.
Since its founding in 2012, Blue Star Donuts has maintained four locations in Portland.
It is hardly the only retailer that has recently closed stores.Last year, the troubled bargain retailer Big Lots closed hundreds of its locations.
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To preserve part of its 963 existing locations, the firm has, nevertheless, struck a deal with Gordon Brother Retail Partners.
In the meantime, Walgreens plans to close at least 500 of its locations by 2025 and is considering eliminating over 1,200 of them in the next years.
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