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VALU Home Centers to close three more stores in Western New York [Video]

BUFFALO, N.Y. (WKBW) — Three VALU Home Centers will soon close their doors as the family-owned Buffalo-based retailer faces increasing challenges in a competitive retail marketplace.

VALU stores in North Buffalo, Lockport and Orchard Park will begin liquidation sales Thursday.

The company said the difficult decision results from rising inflation, operational and labor costs, and increased competition from online and brick-and-mortar retailers.

Scott Ortman, Executive Vice President and Chief Operating Officer, expressed that the decision was not made lightly.

“This is disheartening… it was a decision that wasn’t taken lightly,” Ortman stated shortly after the closures were announced.

Ortman emphasized that the retail environment has become increasingly challenging. Customers can now find virtually all of VALU’s products online.

“Unfortunately, the product mix we carry… there’s nothing you can’t buy online anymore. It’s sad,” Ortman added.

This is the second time VALU has recently shuttered a store; in 2022, stores in …

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BMW Manufacturing set to build 6 fully electric models by 2030 [Video]

The excitement inside of BMW Manufacturing's Plant Spartanburg was high as the first vehicles rolled onto the newly expanded assembly line on Thursday morning. WYFF News 4 was given an exclusive look. To watch the story, click on the video above. The nearly $2 billion upfit expanded the assembly hall by more than 50 percent and will allow for the assembly of fully electric, hybrid and internal combustion engines. That diversity is part of BMW's "Technology Openness Approach." WYFF News 4 was also granted an exclusive interview with Oliver Zipse, chair of the Board of Management BMW AG.He said that strategy is all about the quality of the vehicle and the brand."Whether it's highly efficient combustion engines, whether it's plug-in hybrid, or fully electric, or even M models, we make that independent of the drivetrain, and customers have a choice. I think our current model success shows that we don't tell people what to buy, we supply what they want. We manage the complexity behind it, and we will continue that strategy here in Spartanburg," Zipse said. The expansion will enable BMW to build at least six fully electric models by 2030, and the high voltage batteries to fuel those vehicles will be assembled right down the street in Woodruff. Our tour gave us another exclusive peek today inside "Plant Woodruff," which is one year from completion. Zipse visited the plant for the first time since announcing the plan in 2022.He said he's pleased with the progress."We believe first of all in the technology, second that people would like to contribute for local value added and especially in the highly valued and very expensive electric drive train. So that is a big step for us, but also a big step for our customers," Zipse said. It's hard to overstate the economic value of South Carolina's relationship with the BMW Group for the past thirty years. The group has invested more than $14.8 billion and is now completing its seventh expansion. According to the Darla Moore School of Business at USC, the annual overall economic impact of BMW in South Carolina is $26.7 billion.Zipse said South Carolina feels like a second home."Now, 30 years later, we are the largest exporter in value of vehicles from the United States, so we are not only supplying the local market, we supply the world with our vehicles, and because we are investing, we see a grand future here in South Carolina for the world," Zipse said. He points to the company motto as the BMW Group and South Carolina look to the next 30 years, "Building Legacy - Driving Future."

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Home Based Business

Bank of Albuquerque outage restored [Video]

Bank of Albuquerque customers can once again use online services. The bank says it experienced a significant outage involving a service provider. It started sometime Wednesday, Jan. 15.The service provider also impacted 26 other banks, according to a spokesperson with BOK Financial. Follow us on social: Facebook | X/Twitter | Instagram | YouTubeLate Thursday night Bank of Albuquerque posted this statement on its website:"Our digital banking platforms are back online after an outage at our service provider. Deposits, payments, and transactions may be delayed or incorrectly reflected but will continue to update as today's transactions are processed. Thank you for your patience as we work through remaining issues. For assistance, please contact ExpressBank."BOK Financial also offered this message to clients regarding to outage:"We understand how frustrated you are and apologize for the significant delay as we wait for the system to come back online. This is a system issue outside of our control but please be assured our team is working diligently with our vendor to get it back online. We know it is stressful to not have access to your account or debit card and sincerely regret the inconvenience it has caused. We will post an update as soon as we have one."Stay updated on the latest news with the KOAT app. You can download it here.