More than two dozen Rite Aid stores poised to close
See what’s clicking on FoxBusiness.com 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 the companies are […]
More companies announce bankruptcies and closures, citing inflation as almost 3,200 stores face shuttering in 2024: poll
More and more companies are declaring bankruptcy or ceasing operations due to inflation and rising costs. Inflation and the economy remain top issues for all voters, according to a recent Center Square Voter Poll. According to a recent analysis by CoreSight Research, retailers plan to close about 3,200 stores this year. This represents a 24% […]
Dollar General Shifts 12,000 Stores Away from Self-Checkout Due to Thefts
Dollar General is taking drastic measures to stamp out retail theft that has become rampant at its stores across the United States. The company plans to remove certain items that thieves frequently steal, and CEO Todd Vasos said the company is moving away from self-checkout, Fox Business reported. report Tuesday. “The chief executive said that […]
Stop & Shop could close over 10% of its stores: experts
Stop & Shop, a 110-year-old grocery chain, may be forced to close more than 10% of its stores across the Northeast U.S. as shoppers become increasingly resentful of what it calls excessive prices, industry experts say. In a surprise announcement last month, the supermarket said it was “taking the difficult decision to close some of […]
Pair of thieves steal $100K worth of Legos from 6 stores in Southern California
According to local reports, a duo of thieves stole more than $100,000 worth of Lego figures and kits from stores across Southern California. Between April and this month, the duo targeted at least six Bricks & Minifigures stores, a resale business owned by an individual rather than a corporation. NBC4 Los Angeles reported. One of […]
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Stop & Shop to close a number of ‘underperforming’ stores
Stop & Shop plans to close an unspecified number of grocery stores across the Northeast that it says are “underperforming.” “Stop & Shop will make the difficult decision to close underperforming stores to ensure the long-term health and future growth of our business,” a spokesman for the supermarket chain said in a statement. The Massachusetts-based […]
Safeway Removes Self-Checkouts from Some Stores Due to Theft
Some Safeway stores in California’s Bay Area will stop installing self-checkout kiosks due to increasing theft issues. The grocery store chain said it would remove the kiosks from some stores but did not name the specific locations, KTVU said. report Monday. In a statement, Safeway explained: As a result of the increase in theft, certain […]
California lawmakers vote to ban ‘reusable’ plastic bags from grocery stores
California lawmakers voted to phase out reusable plastic bags after banning single-use bags failed to reduce plastic pollution. “California’s original plastic bag ban did not work as planned, and unfortunately, since it was enacted, the state’s plastic bag waste has increased dramatically,” said Sen. Katherine Breakspear, the bill’s author., In a statement. “California must do […]
NYC grocers gripe over fruit vendors so close to stores: ‘Pick off our customers’
New York City grocery store owners are slamming city officials for allowing licensed fruit and vegetable sellers to operate on the same block (in some cases within 30 feet) as their stores, eating into their profits. In Forest Hills, Queens, there’s a fruit and vegetable stand just 25 feet from a Key Food supermarket on […]