Big Lots closing dozens of stores, putting survival in question
Wall Street Horizons vice president of research Kristin Short analyzes how inflation will affect U.S. consumers in “Making Money.” Discount retailer Big Lots plans to close “35 to 40” stores by the end of the year, according to a filing last month with the Securities and Exchange Commission. In A 280-page document, The company said […]
Grocery Stores Selling Ammunition Out of Vending Machines
Some grocery stores in Alabama and Oklahoma now have American Round vending machines that allow customers to buy gun ammunition while filling their carts with groceries for their families. Cleveland.com report The vending machines are currently installed in six locations.[use] Artificial intelligence technology that verifies the identity and age of purchasers through card scanning and […]
Grocery stores in Alabama selling ammo with AI-driven vending machines
A pair of grocery stores in Alabama are selling firearm ammunition via artificial intelligence-powered vending machines. The machines, located in Fresh Value stores in Tuscaloosa and Pell City, use facial recognition to verify a customer’s age and ID to make it easier to get firearm ammo. The company, American Rounds, created the machine. CEO Grant Magers […]
Big Lots to close stores, may file for bankruptcy
Discount home goods retailer Big Lots said it plans to close more stores this year and may face permanent closures, becoming the latest major chain to face financial collapse as inflation-hit shoppers cut back on spending. The Ohio-based company operates approximately 1,400 stores nationwide. June SEC filings The company said it plans to close 35 […]
Bob’s Stores closing all locations after 70 years in latest US retail casualty
Bob’s Stores, a beloved store that has provided clothing to Northeast families for 70 years, is closing all of its locations for good, America’s latest retail casualty. The iconic retail giant was “unable to secure the necessary capital to continue operations,” president Dave Barton said in a statement Monday. Bob’s Stores will liquidate inventory at […]
Walgreens may close over 2K stores as sales plunge amid inflation
Walgreens said Thursday it may close up to a quarter of its more than 8,600 U.S. stores as inflation-hit consumers cut back on spending and retail sales plummet. The struggling drugstore chain, which closed 150 U.S. stores last year, lowered its profit forecast ahead of its quarterly earnings report, sending its shares plummeting nearly 25 […]
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 […]
Fatal shooting on NYC block lined with luxury stores could have been botched robbery: sources
A 31-year-old man was shot and killed in the upscale SoHo district early Tuesday morning in what appears to be an attempted robbery, police and officials said. Police said the man was shot in the right thigh around 5:15 a.m. on Greene Street near Broome Street, just outside Stone Island, a high-end men’s fashion store. […]
Hooters abruptly shuts dozens of ‘underperforming stores’ as inflation hammers diners
Hooters has suddenly closed dozens of “underperforming locations,” becoming the latest chain to shutter restaurants as inflation takes a toll on American consumers. The popular chicken wing brand, known for its skimpy uniforms, cited “pressures from the current market environment” as the reason for its decision to close an unspecified number of stores. “Like many […]
Rite Aid to close over two dozen stores amid bankruptcy proceedings
Rite Aid plans to close more than 20 more stores in two states. The drugstore chain filed a “Notice of Additional Store Closures” in federal bankruptcy court in New Jersey on Monday, adding a total of 27 stores in Michigan and Ohio to its closures. Twelve of those are in Michigan, according to the filing. […]