After bankruptcy, ongoing restaurant closures, a sweeping restructuring, and years of financial pressure, a familiar promotion is making an unexpected return at one of America’s best-known seafood chains. The deal was once one of the restaurant industry’s most recognizable value promotions. But after proving increasingly difficult for Red Lobster to sustain, the chain took a
The United States has more Black-owned businesses than at any point in history, but the numbers still lag behind the overall population. Between 2017 and 2023, the number of Black-owned employer businesses grew by 62%, or nearly 77,000 firms. This growth was larger than U.S. employer businesses overall, which increased by 3.3% over the same
Ask people to picture their favorite food, and creamy pasta, hot pepperoni pizza, and indulgent gelato beat out sushi, tacos, and even McDonald’s. Italian food consistently ranks as the world’s most popular cuisine, edging out Chinese and Japanese in global surveys. A 2019 YouGov poll of more than 25,000 people across 24 countries put Italian
A historic drop in the size of the U.S. cattle herd to a nearly 75-year low of 86.2 million head as of Jan. 1, 2026, according to the U.S. Department of Agriculture, is putting pressure on the beef industry, resulting in plant closures. Beef processing companies, such as Tyson Foods, have closed plants over the
A discount grocery chain is continuing to shrink parts of its store network after acknowledging it expanded too quickly, with another round of closures adding to dozens of locations already eliminated this year. The latest closures come as the retailer tries to balance removing stores that are unlikely to become sustainably profitable while continuing to
Warren Buffett‘sBerkshire Hathaway made a move that caught even longtime investors off guard. The conglomerate first built a new position in Macy’s in Q1 of 2026, marking its first public bet on a department store chain in about 60 years. According to Tikr.com data Berkshire now holds 7.37 million shares of Macy’s (M) worth roughly
Sustainability might make for good marketing, but it doesn’t guarantee financial success. Surveys and spending data alike indicate that many consumers do value sustainability —and, in some categories, are willing to pay a premium. However, that willingness is highly variable, depending on the product, price point, and the type of benefit offered. “Many executives, especially
Once a destination for some of the world’s most selective luxury shoppers, an iconic retailer is facing one of the biggest turning points in its nearly two-century history. Years of financial losses and mounting challenges have put the business under serious pressure, with its owner warning that it could not survive much longer without new
Shoe Carnival differentiates from traditional shoe stores thanks to its upbeat music, open-stock layout, spin-to-win discount wheels and in-store announcer who manages time-sensitive flash sales. Until recently, the brand mainly focused on moderate-income, value-conscious family shoppers looking for name-brand products (such as Nike, Skechers, Crocs, Adidas) at discounted prices. That’s why it predominantly located its
After closing dozens of stores and offloading a brand, one of the fashion industry’s best-known groups is continuing to reshape its retail footprint. The company ended its latest fiscal year with fewer stores overall, even as it continued opening locations for one of its biggest brands. The contrasting moves highlight how fashion retailers are increasingly