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Starbucks union goes on strike in three cities
Members of Starbucks Workers United staged their first strike in 13 months Friday and plan an escalating strike between now and Christmas Eve in what would become the union’s largest work stoppage since the organizing campaign started at the coffee retailer three years ago.
Walgreens is in particularly awful shape
Drug stores around the United States are struggling. Especially Walgreens. Walgreens’ stock has plunged more than 80% over the past five years, ranking the company among the worst-performing stocks during that stretch. It’s closing 1,200 stores, roughly 15% of its locations. And now Walgreens is reportedly looking to escape the public market.
Macy’s is in deep trouble. It could be sitting on a gold mine
Macy’s would be more valuable if it just shut down its business and sold everything off for parts.
Walmart rolls back DEI programs after right-wing backlash
Walmart, the largest private employer in the United States, will curb some diversity, equity and inclusion (DEI) efforts. It’s the latest company to backtrack on diversity initiatives in the face of right-wing pressure, and its decisions will reverberate across corporate America.
Target sounds the alarm bell on holiday shopping
Target is expecting a surprisingly weak holiday shopping season, a potential warning sign for the retail industry.
Walmart keeps growing with shoppers making more than $100,000 a year
Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth.
Tropicana fans are ditching the brand after a bottle redesign
Tropicana customers are in revolt over an orange juice bottle redesign. Again.
McDonald’s customers are cutting back on fries. Its biggest supplier is cutting jobs
Americans are revolting against McDonald’s and fast-food chains. That’s hurting french fry suppliers like Lamb Weston.
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.
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.
Say goodbye to Ruby Tuesday and Chili’s. These are the hot new restaurants at the mall
Looking for a bite at your local mall? As US malls race to reinvent themselves, they’re turning to sushi conveyor belts, craft-beer membership clubs and Korean barbecue to replace burgers and fries.
Caitlin Clark will reportedly sign a sneaker deal with Nike
Caitlin Clark is reportedly set to wear her own signature Nike sneaker in the WNBA.
Dollar stores are shutting down across America. They did this to themselves
These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business.
Why Costco’s hot dog is still $1.50 when everything has gotten so expensive
Inflation has touched nearly everything these last few years — even Trader Joe’s 19-cent bananas. But Costco is holding the line on its hot dog-soda combo price.
Family Dollar and Dollar Tree closes 1,000 stores
Family Dollar, the struggling discount chain that caters to low-income customers predominantly in cities, will close about 1,000 stores.
Ozempic comes for gyms - how they’re responding
America’s gyms are adjusting their strategies as more of their members take weight loss drugs.
Blocking Kroger’s mega-merger with Albertsons won’t save your local grocery store
Citing higher prices and weaker competition, the US government sued to block Kroger and Albertsons’ $25 billion mega-merger Monday. But scuttling the deal isn’t a given – and even if it’s ultimately dismantled, keeping the supermarket chains separate may not save your local grocery store.
Macy's Revamps to Stay Relevant in Changing Retail Landscape
The retailer is closing 150 stores
Macy’s is getting a new, smaller, but more luxurious look designed to turn around the troubled retailer and keep the century-and-a-half old brand relevant to rapidly changing demands from shoppers.
US government sues to block largest supermarket merger in history
The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices, store closures and job losses.
Kellogg’s CEO faces backlash; says people should eat cereal for dinner to save money
“Let them eat Corn Flakes” appears to be Kellogg’s CEO Gary Pilnick’s advice to cash-strapped shoppers who are spending the highest portion of their income on food than at any point in the last 30 years.
Gen Z and Millennials are putting their own spin on book clubs
From Dua Lipa to “silent” book clubs, Millennials and Gen Z are joining book clubs as a way to socialize.
Gen Z/Millennials put own spin on book clubs
From Dua Lipa to “silent” book clubs, Millennials and Gen Z are joining book clubs as a way to socialize.
Arkhouse Management Co. Launches Proxy Fight for Macy's Board Control After $6 Billion Bid Rejection
Macy’s rejected an unsolicited $6 billion bid from an activist investor to take the famed department store private last month. Now, the activist group is taking another shot at Macy’s, launching a proxy fight to take control of the board.
Singles are sick of dating apps. Here’s what they’re doing instead
Many singles are tired of swiping on dating apps. They’re going old school to find romance.
Singles sick of dating apps - what they’re doing instead
Many singles are tired of swiping on dating apps. They’re going old school to find romance.
Wealthy cutting line at airport, Disney World, and ski resorts
Cutting in front of someone who’s been waiting patiently in line used to be unethical, bad manners, taboo. Now, businesses are letting people pay for the privilege of skipping the line.
Your phone number might be key to unlocking deodorant from store shelves
People tend to hate going to a store and finding deodorant, toothpaste, shampoo, cosmetics and other everyday products locked up on shelves behind display cases. Now, some stores are testing a new way to let customers open the locked displays.
Developers want to build America’s tallest skyscraper in unlikely city
A group of developers wants to construct what would be America’s tallest building in an unlikely place: Oklahoma City.