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. […]
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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