Economics Politics

Company Closing Doors because of Obamacare

Citing Obamacare and an increase in the state’s minimum wage, the owner of Waterford-based Yankee One Dollar is closing down shop on all 23 remaining locations.

Via the Times Union:

Waterford-based Yankee One Dollar stores will be gone within the next five months, its owner told the Post Star of Glens Falls. Keith Flike blamed the Affordable Care Act and the increase in the state’s minimum wage for the decision to shut down. Each store has six to 10 employees, he told the Post Star.

Yankee One Dollar has 23 stores, down from a peak of 39. The Daily Gazette reported stores at Crosstown Plaza in Schenectady and at Rotterdam Square mall would close. Yankee One Dollar also has stores at Hudson Valley Plaza in Troy and in Waterford.

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