Gateway Closes More Stores
Following on the heels of another round of layoffs Gateway has announced it will close yet more Gateway Country stores. Times have been tough as of late for Gateway. Last March, Gateway embarked on its first round of Gateway Country store closings. Despite this and other such drastic measures, including repeated layoffs, the company's revenues have been in a steep decline. Consequently, their stock has been reduced to junk bond status. The latest round of Gateway Country store closings is expected to include 30 stores, over 10% of those left from the previous round.