March 24, 2005

From the strong economy files:

Ultimate Electronics Inc. said Wednesday it will close half its stores -- 30 outlets including some if not all in Iowa -- and fire 965 workers by June 30 in a corporate reorganization under federal bankruptcy protection.

The fate of the Davenport store, one of three in Iowa, was not known Wednesday afternoon, according to a store employee, who referred calls to the company's corporate headquarters in Thornton, Colo.

The store at 3800 E. 53rd St. opened in December 1999 with 70 to 80 employees.

2 Comments:

At 3/25/2005 4:39 PM, Anonymous Intentionally Anonymous said...

This comment has been removed by a blog administrator.

 
At 3/25/2005 6:17 PM, Blogger The Inside Dope said...

The above comment was simply too stupid and uninformed to be allowed to live.

 

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