Independent thinking for complex markets and current events
Walgreens said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates. The company also narrowly beat Wall Street’s lowered estimates for fourth-quarter adjusted profit, and forecast fiscal-year earnings …
Hospitals are facing a shortage of life-saving IV fluids due to damage caused by Hurricane Helene – and some have resorted to giving patients Gatorade as a makeshift treatment. Baxter International, one of the largest IV solution suppliers in the US, provides roughly 60 percent of the intravenous solutions used every day during surgeries, in …
An India-based hotel operator is to purchase America’s most popular motel chain in a $525 million all-cash deal. The deal will see budget motel chain Motel 6 being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel 6’s parent company G6 Hospitality …
One of America’s biggest flooring suppliers has filed for bankruptcy – the latest in a long line of retailers this year to face money problems. LL Flooring will shut 94 of its 442 stores, which are spread out across 47 states, to cut costs and make the company attractive to a buyer. The retailer, which …
by Michael Why are retailers closing thousands of stores if the U.S. economy is in good shape? Of course the truth is that the U.S. economy is not in good shape at all. The cost of living crisis is absolutely crushing working families all over the nation, and U.S. consumers simply don’t have as much discretionary income …
Major furniture chain Badcock to shut all its stores after 120 years https://t.co/LzyqaUMB1v pic.twitter.com/MoPqq4u9F6 — New York Post (@nypost) August 1, 2024 A 120-year-old furniture chain will shutter all 380 stores after its parent company filed for bankruptcy — the latest brick-and-mortar business to buckle from high overhead costs and massive debt. Badcock Home Furniture …
Chinese manufacturers dominate supply chains for U.S. armaments industry Retired U.S. general John G. Ferrari said Beijing could cripple American military It comes amid growing fears of a conflict between the two countries over Taiwan China‘s chokehold over U.S. military supplies leaves the West at the mercy of Beijing in the event of an all out war, a former …
Rubio’s Coastal Grill, a beloved restaurant chain known for its fish tacos, is indeed closing 48 locations in California due to the “rising cost of doing business.” These closures represent about a third of the Rubio’s locations in California, Nevada, and Arizona. Here are the key points: Reason for Closures: The decision to close these locations was influenced by …
Stop & Shop is planning to shutter ‘underperforming’ stores over the next few years. The Massachusetts-based company has almost 400 stores in five states: with New York, New Jersey, Connecticut, and Rhode Island as well. The store closures were announced during its parent company Ahold Delhaize’s ‘Strategy Day’ last week, where a four-year plan for …
Most Americans are not aware of the multiple threats China is posing in America now. China is waging a different kind of war as shown in Unrestricted Warfare: China’s Master Plan to Destroy America. Fortunately, a growing number of Americans are waking up and sounding the alarm! Kristi Noem is the Governor of South Dakota. She is a …
US drug shortages reach record high with 323 meds now in short supply. “There are myriad reasons for the hundreds of drug shortages now facing doctors and patients, many of which remain unclear. But, as Ars has reported before, the root cause of shortages of low-cost, off-patent generic drugs is well established. These drugs have razor-thin …
The fast food industry is currently undergoing a major shift that is causing many layoffs for crew members and managers across the country. Many workers are losing their jobs as corporations try to cut costs, streamline operations, and adjust to changing consumer habits. This is happening across all sorts of fast food chains, including burger …
by Michael How much longer will the Biden administration and the mainstream media continue to deny that we are in the midst of a very painful economic downturn? Debt levels have never been higher, delinquency rates are spiking, the commercial real estate market is crashing, the banking industry is mired in turmoil and large companies …
President Joe Biden says a bill from Sens. James Lankford (R-OK), Chris Murphy (D-CT), and Kyrsten Sinema (I-AZ) is merely a precursor to ramming amnesty for millions of illegal aliens through Congress. During an address at the White House on Tuesday, Biden praised the Senate bill that would expand overall immigration to the United States …
by Michael Do you remember the supply chain problems that we experienced during the darkest days of the COVID pandemic? Well, now we are being warned that the crisis in the Red Sea could actually disrupt global supply chains to an even greater degree. Needless to say, this comes at a really bad time because …
M2 money supply is contracting for the FIRST time since the 1930s ht g.o.t. pic.twitter.com/saWAj4OSoS — Win Smart, CFA (@WinfieldSmart) January 14, 2024 In the intricate web of economic indicators, a disconcerting picture emerges, suggesting a looming period of stagnation. The M2 money supply is contracting for the first time since the 1930s, a historical …
By Martin Armstrong The kids Obama attempted to bomb in Yemen all those years ago grew up fast. They’ve now formed surprisingly efficient militias who hate the West and have become powerful enough to impact global trade. Yemeni Houthi rebels are blocking carriers from passing through the Suez Canal and have created near pandemic-level disruptions …
🌍 Global Supply Chain Pressure Index rising. “Two continental shipping passages, the Suez and Panama canals, are suffering from obstructions to trade traffic.” Not good for short-term goods #inflation. H/t: @FinancialTimes pic.twitter.com/FBwiN1DIF1 — Alex Joosten (@joosteninvestor) December 21, 2023 🇨🇳 China Bans Exports of Some Rare-Earth Processing Technologies China accounted for more than two thirds …
via CNBC: French grocery chain Carrefour has taken the unusual step of adding labels to its products that have recently shrunk in size but have ramped up in price. The move — both in stores and on its website — looks to pile pressure on its suppliers that have increased prices for the chain, despite …
Coles is “aggressively” rolling out new technology that will track shoppers’ every move from the moment they walk into a store. Overhead cameras, trolley locks, smart gates and, perhaps most bizarrely, fog machines will be introduced in a desperate bid to tackle rising theft. The changes are set to leave your average supermarket feeling more …
via naturalnews: The automotive industry is losing money hand over fist as it attempts to comply with the Biden regime’s “green” energy initiatives, which includes eventually replacing all gas-powered cars with electric vehicles (EVs). General Motors (GM) is reportedly struggling with costs as it feverishly works to unleash more EVs while still maintaining some kind of …
https://www.youtube.com/watch?v=91gXUl1E-Sc Have you noticed that delivery delays are becoming a lot more frequent recently? That’s because a new set of supply chain disruptions are impacting the shipping and trucking industry right now. Both maritime and road transportation companies are facing labor and capacity issues, increased costs, and bankruptcies in recent months, and these problems are …
A Washington State grocery chain is prompting customers to donate to ‘DEI awareness’ as they checkout. Photos obtained by FOX News show a self-checkout screen at a Haggen Food and Pharmacy — a chain owned by grocery giant Albertson’s — asking customers: ‘Would you like to donate to help advocate for DEI awareness?’ It suggests …
A labor slowdown is plaguing critical West Coast ports as workers refuse to turn up amid labor negotiations – stoking fears of a looming supply chain crisis. Though no strike is currently underway, several major ports along the West Coast, including the Port of Oakland, the Los Angeles Port, and the Port of Long Beach …
Journalists at two dozen local newspapers across the U.S. walked off the job to demand an end to cost-cutting measures and a change of leadership at Gannett. via dnyuz: Journalists at two dozen local newspapers across the U.S. walked off the job Monday to demand an end to painful cost-cutting measures and a change of …