Recent Stories
Starbucks wanted to be the ‘third place.’ Now it’s speeding you out the door
Years ago, some people would spend hours at Starbucks. Today, it’s a takeout counter. At many Starbucks locations, you’re lucky to find anyone sitting down.
Macy’s rejected a takeover offer and is betting on itself
Macy’s management ended talks with private investors attempting to take over the company and will pursue its own turnaround strategy to remake the chain.
Why Walgreens, CVS and Rite Aid are closing thousands of drug stores across America
Walgreens said Thursday that it plans to close a “significant” number of its roughly 8,600 stores in the United States. Around 25% of Walgreens’ stores aren’t profitable, and the chain will look to close stores that are right by one another or struggling to hold down theft, CEO Tim Wentworth said in an interview with the Wall Street Journal.
The forgotten racial history of Red Lobster
Communities around the country are losing cheddar bay biscuits and all-you-can-eat seafood deals as troubled Red Lobster closes around 100 US restaurants, with up to 135 more closures looming.
Red Lobster files for bankruptcy
Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy.
Viral ‘courtesy’ letter American Airlines gives flight attendants shows how little they make
America’s cost of living crisis has stung new flight attendants, many of whom haven’t had an opportunity to renegotiate their contracts since the inflation spiral began several years ago.
Walmart’s business surges as shoppers hunt for low prices
Businesses from McDonald’s to Home Depot are struggling to attract financially strapped shoppers. But Walmart is growing as consumers search for inexpensive groceries, essentials and other merchandise.
Walmart’s business surges as shoppers hunt for low prices
Businesses from McDonald’s to Home Depot are struggling to attract financially strapped shoppers. But Walmart is growing as consumers search for inexpensive groceries, essentials and other merchandise.
What went wrong at Red Lobster
In 2003, Red Lobster ran an “Endless Crab” promotion. The all-you-can-eat deal backfired spectacularly.
GNC is redesigning stores to draw people taking Ozempic
GNC, the vitamin and dietary supplement chain, has been struggling for years. The brand hopes a new strategy tailored to people taking GLP-1 drugs for weight loss will help draw customers into stores and grow its business.
