Recent Stories
Target slashed prices. It paid off
US consumers, strained by years of higher prices and elevated interest rates, are changing their shopping patterns. Americans are buying more at discount chains like Target and Walmart while dialing back spending at Macy’s and Lowe’s.
Harley-Davidson is dropping diversity initiatives after right-wing anti-DEI campaign
Tractor Supply Co. John Deere. Now Harley-Davidson. Harley-Davidson said Monday that it’s ending diversity and other progressive initiatives at the company. Harley-Davidson is the latest major American brand to backtrack from DEI policies it had supported in recent years.
Americans are still shopping. They’re just going to Walmart
Americans are cutting back on Disney parks, Big Macs and Starbucks coffee. But they keep shopping at Walmart.
Home Depot issues a warning about the economy
Home Depot says consumers are feeling crummy about the economy, and they’re dishing out less on major home renovation projects.
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.
