Shake Shack Closing 9 Stores, Most in California

The burger chain Shake Shack will close nine of its U.S. locations due to underperformance, according to an Aug. 27 filing with the Securities and Exchange Commission. The company said the closures will eliminate those that aren’t doing well due to “changes” in their respective locations.   Those closing in California include outlets in Oakland, Bunker Hill in downtown Los Angeles, downtown Culver City, Koreatown, Silver Lake, and at the Westfield Topanga mall. Other closures include outlets in Polaris, Ohio; Montrose, Texas; and in the Houston Galleria, according to a company spokesperson. The locations have until Sept. 25 to close, but affected management can transfer to nearby outlets or receive up to 60 days’ pay, according to the recent filing....