Tradingfxdaily.com
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
Tradingfxdaily.com
No Result
View All Result
Home Business

Trader Joe’s Abruptly Closes Its Only New York Wine Store

tradingfxdaily by tradingfxdaily
August 15, 2022
in Business
0
Trader Joe’s Abruptly Closes Its Only New York Wine Store
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

S&P 500 ends higher with financials as Treasury yields jump By Reuters

Russia rules out talks with Japan on fishing near disputed islands By Reuters

January 29, 2023
Chinese Education Stocks Gain After Post-Crackdown Business Overhauls

Chinese Education Stocks Gain After Post-Crackdown Business Overhauls

January 29, 2023

When Nesh Patel first moved to New York City three years ago, picking up groceries and a few bottles of wine from the Trader Joe’s in Union Square was a ritual.

A deal at the time allowed shoppers to mix and match six bottles and get a discount from the total price. “That was what made it super affordable,” he recalled.

But last week, he walked by the store and was surprised to see that it had been shuttered: “It came out of kind of nowhere,” he said, calling it a sort of “institution” for the area. “It’s kind of unbelievable that it’s gone.”

Trader Joe’s only wine store in New York State closed without warning last week, sending some shoppers of the grocery store chain with a cult following into a minor tailspin.

“We have been operating our small wine shop in the Union Square neighborhood for over 15 years, and we thank you for your business and support throughout the years,” a posted sign read. Theories about the reason for the closing abounded: the impacts of the pandemic, the end of a lease, a new location.

The sign read: “It is now time for us to explore another location that will allow us to optimize the potential of our one and only license to sell wine in the state of New York.”

The company said it planned to “offer an even better wine shop experience” to New York customers, and added that staff members at the location would be paid through Aug. 28 and presented with opportunities to move to another store location in New York City.

A spokesperson for Trader Joe’s declined to specify what the next iteration of the store might look like.

The Trader Joe’s store and its adjacent wine shop in Union Square was among the cheapest options for both food and alcohol in a city neighborhood that includes a mix of New York University dorms and high-end apartment buildings.

The store opened to much fanfare in 2006, the first of many to come as the California-based chain, known for its quirky house-brand products and sweet deals expanded into the New York City market. The wine shop soon became a staple for a thriving residential area where it made more of a splash than the typical wine and liquor store.

In addition to customers who created recipes and pairings from the store’s creative food options, devotees of the so-called two-buck Chuck (a wine bottle from the store’s Charles Shaw line that costs around $2, depending on where you live) and other options flocked there for its deals.

Trader Joe’s typically carries wines from the California wine country but also from New Zealand, Italy, France and beyond. Many are from its private label.

On many a weeknight, the line to the two stores could be seen extending out toward Union Square park or wrapping around the building in that bustling corner of Manhattan.

Mr. Patel, 28, who works in private equity, said he now shops at wine stores with more selection, but there is still a “nostalgia factor.”

Because of New York’s alcohol sales rules, the chain could only hold a license for one wine store in the city, and it chose a building directly next to the Trader Joe’s grocery store there.

Still, many customers lamented that, without warning, they were suddenly unable to stock up on some of their favorite blends.

Trader Joe’s is based in California, where most grocery stores can sell beer, wine and liquor. Regulations vary state by state, with some allowing supermarkets to sell wine and beer. But in New York, grocery stores stores can sell only beer, and chains like Trader Joe’s can only have one location, typically separate, for the sale of wine or liquor.

The Whole Foods in New York City, similarly, has one wine store, next to a location on the Upper West Side, also housed separately from the grocery operation.

Though the notice posted at the Union Square shop implied that Trader Joe’s would soon have a new location for wine in the city, that didn’t make devotees feel much better this week: One TikTok video showing the closed door was set, mournfully, to the tune of Whitney Houston’s “I Will Always Love You.”

Source link

Share76Tweet47

Related Posts

S&P 500 ends higher with financials as Treasury yields jump By Reuters

Russia rules out talks with Japan on fishing near disputed islands By Reuters

by tradingfxdaily
January 29, 2023
0

© Reuters. FILE PHOTO: A general view shows the Island of Kunashir, one of four islands known as the Southern...

Chinese Education Stocks Gain After Post-Crackdown Business Overhauls

Chinese Education Stocks Gain After Post-Crackdown Business Overhauls

by tradingfxdaily
January 29, 2023
0

MarketsThe companies have ventured into selling fresh produce and more nonacademic tutoring Source link

This is the biggest regret most retirees have, survey shows

This is the biggest regret most retirees have, survey shows

by tradingfxdaily
January 29, 2023
0

If retirees could talk to their younger selves, they would tell them to save more for their golden years.“We think...

Ukraine willing to be neutral, says Russia wants to split nation By Reuters

North Korea calls U.S. pledge of tanks to Ukraine ‘unethical crime’ By Reuters

by tradingfxdaily
January 29, 2023
0

© Reuters. FILE PHOTO: U.S. M1A2 "Abrams" tank moves to firing positions during U.S. led joint military exercise "Noble Partner...

Louis Vuitton's Owner Is Still Reading China's Tea Leaves

Louis Vuitton's Owner Is Still Reading China's Tea Leaves

by tradingfxdaily
January 29, 2023
0

The French luxury company reported record sales in 2022 thanks to American spending, but it’s too early to say if...

Load More
  • Trending
  • Comments
  • Latest
Short SPX: Top Trade Opportunities

Short SPX: Top Trade Opportunities

April 5, 2022
The Top 5 Metaverses to Look Out for in 2022

The Top 5 Metaverses to Look Out for in 2022

March 26, 2022
What is Leverage in Forex? Forex Leverage Explained

What is Leverage in Forex? Forex Leverage Explained

April 19, 2022

Larry Fink says globalization is over — Here’s what it means for the markets

March 26, 2022
Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

March 28, 2022
Room for the South African Rand to play catch up with ongoing rally in EM FX – MUFG

Room for the South African Rand to play catch up with ongoing rally in EM FX – MUFG

0

In a Less-Globalized World, Be Careful Where You Park Your Plane

0
Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

0

Larry Fink says globalization is over — Here’s what it means for the markets

0
Natural-Gas Industry Gets Boost as Biden Shifts Stance

Natural-Gas Industry Gets Boost as Biden Shifts Stance

0
Room for the South African Rand to play catch up with ongoing rally in EM FX – MUFG

Room for the South African Rand to play catch up with ongoing rally in EM FX – MUFG

January 29, 2023
US lawmakers press to remove oil boss from leading COP28 climate talks – POLITICO

US lawmakers press to remove oil boss from leading COP28 climate talks – POLITICO

January 29, 2023
Elon Musk Wants to Build ‘Ecological Paradise’ With ‘Retro-Futuristic Boats’

Elon Musk Warns Italy Is Dying

January 29, 2023
Litecoin Displays Consolidation, Expect A Reversal Soon?

Litecoin Displays Consolidation, Expect A Reversal Soon?

January 29, 2023
S&P 500 ends higher with financials as Treasury yields jump By Reuters

Russia rules out talks with Japan on fishing near disputed islands By Reuters

January 29, 2023
Tradingfxdaily.com

Tradingfxdaily.com is your Forex, Stock News, World News, Crypto Currency News, Business News & NFT News Website. We provide you with the latest breaking news and videos straight from the Trading industry.

  • Home
  • About us
  • Contact Us
  • Privacy Policy

© 2022 - All Right Reserved. tradingfxdaily.com

No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar

© 2022 - All Right Reserved. tradingfxdaily.com

EURUSD=X 
$1.09  -0.16%  
EURCAD=X 
$1.45  -0.30%  
EURJPY=X 
$141.09  -0.45%  
GBPUSD=X 
$1.24  -0.10%  
EURNZD=X 
$1.67  -0.30%  
AUDUSD=X 
$0.7106  -0.15%  
CADUSD=X 
$0.7514  0.10%