LI discounted outfits distributor to near, laying off 79 locally

A family-owned distributor of discounted garments started 77 years back is established to near its doors this summertime and lay off 79 personnel on Extended Island, blaming “supply chain problems and current market conditions.”

Ben Elias Industries Corp. and a sister company, Kenco Retail Inc., claimed in a condition filing that the firm would be closing on or in advance of Aug. 4, ensuing in work losses for 71 workers at their headquarters and key transport hub in Inwood, found at 100 Inip Dr., and 8 staff members at a retail area in Valley Stream, located at 223 West Merrick Rd.

In addition to people destinations, the corporation will be closing 4 destinations in New York Metropolis, ending employment for 38 personnel.

“It is with pride and sadness that we announce the closure of Ben Elias Industries right after four generations and 77 fantastic a long time in company with our relatives, highly regarded colleagues and staff members,” the enterprise claimed in a assertion Tuesday. “Supply chain troubles and market problems have designed it exceedingly hard to carry on our business.”

The company, started in 1945 by Ben Elias on Manhattan’s Lessen East Side, purchases extra garments from models and companies abroad and domestically, then sells them to discount suppliers nationwide.

Kenco Retail is a different retail business with frequent ownership with Ben Elias. The retail outfit does enterprise as Well-known Makes, and will also shut later on this summer months. 

Danielle Elias, the company’s director of operations and in-property counsel mentioned that with transport delays and all round absence of stock, the firm’s funds have been hit tricky.

“With the offer chain difficulties, if the entire-price shops are owning trouble having stock on the flooring, we were possessing that a great deal additional trouble receiving inventory,” Elias explained.

“It’s just unattainable to have any type of workflow or cash stream when items are coming in 90 days powering,” she claimed, including that shipping prices have also turn out to be prohibitive. 

The company said in its assertion that it is functioning to develop changeover programs for current workforce, some of whom have been with the business for 40 a long time.