Starbucks CEO Brian Niccol vows to improve US stores
Starbucks' new CEO, Brian Niccol, on Tuesday unveiled his plan for his first 100 days, saying he will focus on improving the customer experience and coffeehouse culture in its U.S. stores. Nicol took over from Lakshman Narasimhan on September 9 at a time when the coffee chain is grappling with sluggish demand in the United […]
Big Lots files for bankruptcy, will close some stores amid sale to investment firm
See what's clicking on FoxBusiness.com. Nearly three months after it cited “significant doubts about the company's ability to continue operations” in a filing with the U.S. Securities and Exchange Commission, Big Lots said Monday it had secured $707.5 million to support operations and sell the business to private equity firm Nexus Capital. The announcement comes […]
Body Shop’s remaining UK stores saved after rescue deal agreed | Retail industry
The Body Shop has been rescued from bankruptcy by a consortium led by British cosmetics tycoon Mike Jatania, with the ethical beauty brand's remaining 113 UK stores set to remain open. Aurea, a growth capital firm founded by Jatania and Paul Raphael, a former executive at UBS, Credit Suisse and Merrill Lynch, said it had […]
Struggling Big Lots preparing bankruptcy filing, will sell stores: report
Discount home goods retailer Big Lots is preparing to file for bankruptcy as early as this Sunday and plans to sell its store chain under court supervision. Bloomberg News reported. He said Friday, citing people familiar with the matter. The company is reportedly continuing to operate under Chapter 11 bankruptcy protection and is currently in […]
Stocks sink after jobs miss, Trump-Harris tax plans, home retailer closing all stores
Former U.S. International Trade Commission Chairman Peter Morici talks about labor immigration and former President Trump's corporate tax rate plans. U.S. employment grew in August, but not as much as economists expected. Stocks fell throughout the week, as investors got off to a rocky start to September ahead of the Federal Reserve meeting later this […]
LL Flooring, once known as Lumber Liquidators, closing all stores after bankruptcy filing
LL Flooring (formerly Lumber Liquidators), the flooring hardware company that was once a strong rival to Home Depot, is closing all of its stores just weeks after filing for bankruptcy. The 30-year-old hardware store, which once operated more than 400 stores in the U.S., said it had decided to liquidate after failing to receive “the […]
Grocery stores roll out surge pricing: Smart move or consumer exploitation?
No matter how much the Biden-Harris Administration downplays and denies it, food prices are rising and Americans are struggling to put food on the table. Americans are spending the highest percentage of their income on food in the past 30 years, and that shows no signs of slowing. By the end of last year, the […]
Inflation Leaves the Middle Class Too Poor to Shop at Dollar Stores
Inflation cuts down the Dollar Tree Dollar Tree's latest earnings report is a stark reflection of the state of the American economy. We're not witnessing minor fluctuations in retail performance, but rather a sharp decline in the U.S. economy. A broader indictment of the economy Under the leadership of Joe Biden and Kamala Harris, it […]
Colorado Gun Stores Block Robberies by Minors Pushed by Migrant Gangs
In Colorado, immigrant gangs used kids between the ages of 12 and 17 to rob eight gun stores, but some of the incidents didn't go as planned thanks to proactive measures taken by store owners. In a recent robbery in Colorado Springs, young thieves stole a car and crashed it into a gun store, entering […]
What stores and restaurants are open on Labor Day 2024?
(NEXSTAR) — Labor Day, the unofficial end of summer, has sadly arrived. If you’re traveling to celebrate or are short on barbecue ingredients, here’s a look at what stores will and won’t be open on September 2. First, we want to let you know that you won't receive mail on Monday. The United States Postal […]