Two historic London food markets to shutter
See what's being clicked on FoxBusiness.com. Two historic wholesale meat and fish markets in London are set to close permanently over the next few years. Smithfield Market and Billingsgate Market will each continue to sell meat and fish until “at least 2028”, but will eventually close, the City of London Corporation said. The closure of […]
Walgreens to Shutter 1,200 Stores to Help Stem Losses
National drugstore giant Walgreens will close about 1,200 stores over the next three years as it seeks to stem $3 billion in quarterly losses across all its businesses due to the weak U.S. economy. The company expects to close about 500 stores this fiscal year, which should immediately support adjusted earnings and free cash flow, […]
NYC to shutter violent immigrant shelter — and house immigrants with tourists in hotels instead
New York Mayor Eric Adams (Democrat) announced Wednesday scheduled by the city shut down At its peak, the vast Humanitarian Emergency Response and Relief Center on Randall Island could accommodate 3,000 migrants. The tent shelter and surrounding area, which is scheduled to close at the end of February, has been a hotbed of violence since […]
GameStop prepares to shutter even more stores after disappointing second quarter
Gamers, look away! Unfortunately, GameStop has announced that it will be closing more of its brick-and-mortar stores next year. Earnings Report. The company said it was struggling to sell hardware in stores around the world as more games were downloaded digitally rather than just ordered online. GameStop announced it will close more brick-and-mortar stores next […]
Discount retailer Big Lots plans to shutter more than 300 stores
Ohio-based discount retailer Big Lots, which operates about 1,400 stores nationwide, plans to close up to 315 stores in about 30 states as prolonged high inflation drives away customers and puts the company on the brink of bankruptcy. The company filed documents with the Securities and Exchange Commission outlining the terms of its renewed loan […]
Elon Musk’s X to reportedly shutter San Francisco office
Elon Musk is reportedly planning to close his company’s San Francisco office amid an ongoing feud with California Governor Gavin Newsom after the state passed a controversial student gender identity law. X CEO Linda Yaccarino said in a staff memo Monday that the office closures would happen “in the coming weeks” and called the decision […]
Stop & Shop will shutter 7 NYC-area stores, 32 overall
Stop & Shop is closing seven stores in the New York City area and 32 stores overall as inflation-hit shoppers seek cheaper supermarkets. The company made the announcement on Friday.. The struggling chain, owned by Dutch conglomerate Ahold Delhaize, announced plans to close “underperforming” stores in May, with industry experts predicting up to 50 stores […]
Walgreens To Shutter ‘Significant’ Number of Underperforming Stores In U.S.
FILE PHOTO: A pigeon sits on a sign at a Walgreens owned by Walgreens Boots Alliance Inc. in Manhattan, New York City. OAN’s Brooke MalloryThursday, June 27, 2024 1:50 PM Walgreens CEO Tim Wentworth announced the company’s intention to close most of its U.S. stores over the next three years during a conference call with […]
New England’s last coal plants set to shutter, ushering in era of green energy
New England’s last coal-fired power plant is scheduled to close within the next few years, making it the second region to phase out the energy source that has powered the U.S. economy for decades. Granite Shore Power, a New Hampshire-based power company, announced late last month that it had reached an agreement with federal regulators […]
Iconic Discount Merchandise Brand To Shutter Around 1,000 Stores As Harsh Economic Factors Weigh On Sales
Dollar Tree and its subsidiary Family Dollar announced Wednesday that they will close about 1,000 stores over the next few years, unable to rebuild sales due to struggling consumer spending. 998.4 million for the 53 weeks ended February 3, 2024, despite net sales increasing 8.0% to $30.6 billion and gross profit increasing 4.3% to $9.31 […]
