Economy

Economy
Economy

57-year-old burger chain franchisee files Chapter 11 bankruptcy

Financially challenged fast-food franchisees have been lining up to file for bankruptcy protection in 2026 to reorganize their businesses and restructure debt. Hardee’s Phoenix-based restaurant franchisee Superior Star LLC , filed for Chapter 11 bankruptcy protection on July 9, facing an alleged seller financing dispute, according to court papers. A burger chain rival, Checkers Drive-In franchisee C.S. Holdings of

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Economy

Walmart tries to copy a successful Costco strategy

Walmart has a lot going for it. The retail giant remains one of the biggest destinations for American shoppers, its e-commerce business is growing quickly, and it continues to attract more higher-income customers. But there’s one area where Walmart wants to make a bigger impression: fashion. The retailer is betting that a new private-label brand

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Economy

Pepsi, Hershey, Costco, and Kroger face a $73 billion problem

Taking a GLP-1 drug has changed my relationship with food. I still like to eat, but get full quickly and have to plan meals much more carefully. It’s not that you’re not hungry. It’s that if you order what you used to eat, there will be plenty of leftovers. When it comes to snacks, I

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Economy

Convenience store giant closes 80 stores as it reshapes business

A familiar convenience store giant is closing dozens of locations as it takes a closer look at its store portfolio and how each location contributes to the broader business, a move that could completely change the routines of thousands of people. The shifts come as convenience store operators increasingly evaluate their networks based on long-term

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Economy

Bank of America flags surprising iPhone 18 pre-order trend

The line outside a store tells you a lot about a product. The shipping date on a pre-order page tells you even more. When buyers rush to reserve a gadget, delivery estimates slip by days or weeks. When they hold back, the product stays in stock and lands on your doorstep right away. For years,

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Economy

T-Mobile adds monthly fee to a new iPhone feature for customers

T-Mobile is one of the first carriers to offer a new iPhone feature that recently launched. However, it is unexpectedly charging customers a monthly fee to access it. Apple released iOS 27 for iPhones on Sept. 14, introducing new features for iPhone users, including Siri AI, an updated camera app with visual intelligence, and new

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Economy

Luggage brand makes comeback after bankruptcy shutdown

A luggage brand that disappeared from the market after a bankruptcy is preparing to return, giving a familiar name in the travel industry a second chance. The relaunch comes as the luggage market continues to benefit from renewed travel demand and growing interest in premium products, while established brands look for opportunities to expand their

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Economy

Chuck E. Cheese rival hits new low as customers pull back

Dave & Buster’s has spent much of the past year trying to revive traffic. It is working to enhance the value of its games and strengthen its food business as consumers become more selective in their discretionary spending. The restaurant and entertainment chain, which combines arcade games, food, and sports viewing under one roof, has

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Economy

Hailey Bieber’s Rhode could unlock $200 million for E.l.f. Beauty

Over the past few years, E.l.f. Beauty has built one of the fastest-growing portfolios in cosmetics, expanding beyond its namesake (Eyes, Lips, Face) value-focused makeup brand into skin care and prestige beauty. And its biggest recent bet was Rhode, the skin care and cosmetics brand founded by Hailey Bieber, which E.l.f. agreed to acquire in

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Economy

Nostalgic mall staple closes 14 stores amid major changes

A nostalgic mall staple is shrinking its store footprint as it works to revive the business and reposition the once-popular brand. The retailer built a recognizable presence across U.S. malls over several decades, but its retail strategy is changing as it looks to improve profitability and adapt to shifting consumer demand. The effort includes a

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