A hub for independent voices and hard truths
• U.S. stock markets will close at 1:00 p.m on Wednesday. The bond markets will close at 2:00 p.m. • The U.S. markets and most global markets will be closed Thursday for observance of the Christmas holiday. • Some global …
If you’re still banking on access to your local branch, don’t count on it. Major US banks have announced plans to shut 311 branches since late August — a pre-Christmas wipeout that puts 2025 on track to be the worst …
A national pizza chain is the latest victim in the decline of fast-casual dining. The Little Brown Box Pizza, parent company of Pieology Pizzeria, filed for bankruptcy earlier this week, according to QSR Magazine. The chain, founded in 2011, listed …
The Tanning Tax Repeal Act of 2025 scraps a 15-year-old ObamaCare relic that crushed small businesses while failing miserably to meet revenue targets. The 10% excise tax on indoor tanning services was projected to rake in $2.7B over a decade …
Forever 21, the prominent fast-fashion retailer, is preparing to shutter approximately 200 additional stores as it approaches a potential second bankruptcy filing, which could occur as early as next month. This move comes as the company struggles to find a …
by Martin Armstrong Over 6,481 retailers have closed their doors since the beginning of the new year, according to data from Coresight Research in November, but that figure is expected to reach 7,327, marking a 57.8% increase in closures since …
A major party and craft retailer with 850 stores across the nation is considering filing for bankruptcy. Party City has been faced with the possibility of mass closures just a little over a year after the company surfaced from Chapter …
Another retailer finds out the 2021 “recovery” was mostly an illusion. Prices may have soared and revenues looking good, it didn’t last because it couldn’t. As the company closes hundreds of stores and prepares to lay off an unknown number …
Job cuts accelerate in October with strikes, mass furloughs, layoffs, & small business closures at elevated levels. Over 109,000 cuts per our preliminary figure. Final figure available on Sunday, as always. #MacroEdge #DrivenbyData pic.twitter.com/9cPnR1qDr9 — MacroEdge (@MacroEdgeRes) October 31, 2024 …
Macy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S. Some of those transformations may catch shoppers by surprise. The retailer said in late February that it plans to close …
This is Beijing’s most known rotten-tailed shopping district, the Shimao Gongsan Shopping Center. So far, it hasn’t been able to find a company willing to take over the project. It has been depressed, doing poor business for many years. In …
According to CoreSight, here are retail closures so far in 2024 of companies that operate in California, followed by the total number of stores impacted nationwide: Family Dollar (620) Rue21 (543) 99 Cents Only Stores (371) CVS Health (315) 7-Eleven …
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 …
Analysts have reported seeing an alarming increase in banks closing customers’ bank accounts due to suspicious activity. In just the last few years, this trend has escalated for a variety of reasons. However, experts are sounding the alarm bells over …
3 seafood processors announce closures, selloffs following historic price collapse for Alaska fishing industry https://alaskapublic.org/2024/02/15/3-seafood-processors-announce-closures-selloffs-following-historic-price-collapse-for-alaska-fishing-industry/ 3 major seafood processors in Alaska have announced plans to sell off their plants or temporarily close for the upcoming fishing seasons. Trident, Peter Pan …
by Rufus Juice And what did we think was going to happen? Restaurants operate on razor thin margins. Its why the forced closures of Covid closed so many – forever. Mandating people close doors – Closes doors forever. Mandating unsustainable …
The recent tumult in Chinese stocks has sent shockwaves through the nation’s asset management sector, resulting in a notable uptick in mutual fund closures. In 2023, around 240 local mutual funds were liquidated, marking the highest closure rate since the …
As we enter 2024, once thriving US high streets are starting to resemble desolate ghost towns as America is taunted by the ever-looming threat of yet another financial crash. If the economy is thriving then why are we seeing more …
COVID class-action splurge continues: GWU university near White House pays $5M for shutting down class. Class-action lawyers may have frowned when Cornell University agreed to pay just $3 million last fall to settle a lawsuit seeking tuition refunds from …
I think people are going to say "hell no" to taking down coal plants when they learn China and Russia are building more. We get weaker…they get stronger under Biden…that's the plan. — floridanow1 (@floridanow1) December 3, 2023 Apologies for …
Here’s a map of notable store closures in downtown San Francisco. As foot traffic has declined and theft has grown, stores are closing down. Yet another sign of the pain consumers are feeling from inflation. Follow us @KobeissiLetter for real …
More than 2,200 stores are closing across the US in 2023. Here’s the full list: It’s not exactly the retail apocalypse of prior years, but it’s a shakeup nonetheless. An Insider tally of announcements by major retailers in 2023 finds …