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Guitar Center Plans to File for Chapter 11 Bankruptcy
California-based Guitar Center plans to file for Chapter 11 bankruptcy, according to the company. The plan was revealed as part of a press release announcing a Restructuring Support Agreement with creditors that includes a new $165 million equity investment. The company operates about 300 stores across the country, including seven in the Washington, D.C. area.
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County Council Approves Executive Order Imposing Capacity Restrictions
The County Council yesterday approved Executive Order 122-20 from County Executive Marc Elrich that places restrictions on the number of people who can gather at various types of events, as well as be served indoors at restaurants and retailers. “We have been watching the daily number of new cases go up for more than two weeks…
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Hoover-Fisher Florists to Move from Four Corners to Kensington
Hoover-Fisher Florist, a Four Corners mainstay since the 1960s, will move to a new location in Kensington in January, 2021, according to an email to customers. The family-owned retailer was founded in 1954 and later moved into a two-story addition to the Woodmoor Shopping Center at the intersection of Colesville Road and University Boulevard.
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Ulta Beauty Opens New Fenton Street Location
Ulta Beauty opened its new location this morning at 8510 Fenton Street, relocating from its former location at 914 Ellsworth Drive.
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Demolition of 8787 Georgia Avenue to Begin by End of Year
Demolition of 8787 Georgia Ave., the former home of the county’s Planning Department, is slated to begin by the end of the year in preparation for a 2021 groundbreaking of the redevelopment of the property. The county chose partners Bozzuto and StonebridgeCarras in 2013 for a two-part redevelopment effort, according to Devon Hastie, development manager…
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Snider’s Sold to Local Group of Food Market Operators
Snider’s Super Foods in Montgomery Hills has been sold to a locally based group of small food markets, according to Terry Sweet, one of Snider’s managers. The purchasers operate Streets Market & Café, based in Washington, D.C. The company opened its first store in 2014 and currently operates nine locations in the District, Baltimore, Arlington…
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Not Your Average Joe’s Has Permanently Closed in Ellsworth Place
Not Your Average Joe’s restaurant in Ellsworth Place has permanently closed, according to an email sent to customers today (July 9) and forwarded to the Source. The message, signed by Peter D’Amelio, the company’s chairman and CEO, reads, “We have truly enjoyed being part of the Silver Spring community.”