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1 min read
I went to Big Lots and saw why the chain is closing stores and filing for bankruptcy
But Big Lots has long marketed itself as a place to find great deals. The company has said that it …
Alex Bitter
3 mins read
Auto parts and dollar store execs warn that low-income Americans are stretched thin and running on borrowed time
Auto parts and dollar stores serve a lot of customers who earn less than $50,000, and the squeeze o…
Dominick Reuter
3 mins read
A Walgreens employee describes routine theft at his store — and how he's not allowed to stop it
A Walgreens employee says that his manager has told him he can't question or pursue potential shopl…
Alex Bitter
3 mins read
With my Costco executive membership and store card, I earn enough rewards to pay for a whole shopping trip — here's how
I shop at Costco once a month and take advantage of the perks from my executive membership and stor…
Dawn Levitt
2 mins read
We visited a Rite Aid store. The empty shelves made us wonder about the chain's future.
Rite Aid's restructuring includes closing hundreds of stores. Other locations, like a Brooklyn stor…
Jordan Hart,Alex Bitter
2 mins read
Why your local pharmacy may be closing
Walgreens is closing a "significant" number of US stores. CEO Tim Wentworth said the industry is "l…
Dominick Reuter
2 mins read
Home Depot and Lowe's are already seeing the first of many likely benefits from the Fed's rate cut
Share prices for Home Depot and Lowe's are riding high following the Fed's interest rate cut, which…
Dominick Reuter
2 mins read
Nike's new CEO can't rest on retro styles and must innovate to turn the company around, analyst says
With Nike's new incoming CEO Elliott Hill, Nike needs to re-focus on innovation and selling great s…
Lloyd Lee
1 min read
Nearly 1,300 stores are closing across the US in 2024. Here's the list.
Analysts at UBS expect the total number of US retail closures could reach 45,000 across the next fi…
Dominick Reuter,Alex Bitter
4 mins read
These mid-tier brands are winning in fashion while luxury struggles
Mid-tier brands like Zara and Pandora are winners while luxury brands are struggling as aspirationa…
Madeline Berg
3 mins read
E-commerce is expected to help seasonal hiring for gig roles surge by 20% this festival season: reports
The top gig roles that have been witnessing increased hiring are delivery executives, warehouse wor…
4 mins read
Inside the legal battle over the fate of the biggest supermarket merger in US history
Kroger and Albertsons are duking it out with US antitrust regulators who have sued to block the pro…
Natalie Musumeci
3 mins read
Rite Aid is closing even more stores in 2024. See if yours is on the list.
Rite Aid said it would close more stores in 2024, adding to hundreds it already said it would shutt…
Alex Bitter
3 mins read
A California franchisee says he's reducing staffing, raising prices, and mulling kiosks to cover the $20 wage. Closing stores is a last resort.
A Vitality Bowls franchisee in San Jose told BI how he's trying to absorb California's $20 minimum …
Grace Dean
5 mins read
China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
China is Starbucks' second-biggest market but analysts question how well its format and prices work…
Grace Dean
2 mins read
McDonald's and Burger King's meal deals aren't changing fast food's pricey reputation
Diners' perception of fast food's good value has stayed the same despite offers like McDonald's $5 …
Alex Bitter
3 mins read
Gold boosts returns and lowers risk, while Bitcoin heightens volatility, says World Gold Council
Gold, a time-tested asset known for its stability, has long been a safe haven during market downtur…
ANI
2 mins read
Starbucks' new CEO is set to make up to $113 million — the average total pay for a barista is $49,000
Brian Niccol is set to get up to $113 million in compensation as Starbucks' CEO, most of it in stoc…
Alex Bitter
2 mins read
As fast-food and casual dining sales falter, Chili's is on a tear
Chili's success is attributed to increased menu pricing, higher traffic, and new value advertising.
Shubhangi Goel
2 mins read
For the 1st time in 7 years, Subway opened more stores than it closed
Subway has closed thousands of stores in recent years. But in 2023, for the first time since 2016, …