Economy

Economy
Economy

Discount retailer closes 5 stores across multiple states

Store closures continue to reshape the retail landscape, leaving shoppers in some communities with fewer nearby options as retailers respond to changing consumer habits, rising costs, and evolving real estate strategies. Even discount retailers, which have benefited from consumers looking for lower prices, have been evaluating their store footprints and closing individual locations. Now, another

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Economy

Walmart takes on Costco with expanded gas savings

Walmart is giving shoppers another reason to keep paying for its membership program. And this time, the benefit is something every driver wants: cheaper gas. Walmart+ is adding CITGO stations to its Gas Savings program, expanding the benefit from 13,000 to more than 17,000 participating locations across the U.S.  Members can save 10 cents per

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Economy

Grocery giant recalls applesauce over potentially harmful toxin

If you recently bought applesauce at ShopRite or any of several other major grocery chains, you may want to check your pantry. Wakefern Food Corp. is recalling select containers of Wholesome Pantry Organic Unsweetened Apple Sauce. The recall comes amid routine testing by the U.S. Food and Drug Administration (FDA), which found elevated levels of

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Economy

Growing debt leads 168-year-old winery into Chapter 11 bankruptcy

The U.S. wine industry faced declining demand, changing consumer attitudes toward wine, and excess inventory since the Covid-19 pandemic in 2020, which contributed to a prolonged downturn in winery revenue, according to Silicon Valley Bank’s State of the U.S. Wine Industry Report. The multiple business challenges led to significant economic issues and a 21% decline

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Economy

Trucking industry hit by 16 Chapter 11 and Chapter 7 filings

For four years, I ran part of my family’s scaffolding business and had to plan shipping rental orders to our customers. When diesel and gas prices rose, that cut into the bottom line, as rental prices were pretty much an industry standard. Since most rentals were long-term, the added cost was meaningful, but we eventually

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Economy

McDonald’s makes aggressive $8.5B move after previous effort

A McDonald’s drive-thru shouldn’t feel like a waiting room. Yet there you are, watching the minutes tick by while the car ahead sits at the speaker. For a company with 45,356 restaurants, that is definitely a problem worth fixing. Well, McDonald’s seems to be thinking the same thing. And on Sept. 23, it committed $8.5

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Economy

175-year-old global luxury brand could exit major market

After multiple restructuring efforts, financial struggles, and major closures, one of the oldest luxury fashion brands still operating faces another significant test of its future, with its remaining physical retail presence in a major market now at risk. In 2026, rival brand Louis Vuitton confirmed it would close its only store in Guizhou, a province

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Economy

AutoZone warns of a growing problem with America’s cars

If I don’t repair the leak in the roof of my house properly, it doesn’t impact my neighbors. That’s not true if I neglect to keep my car in proper working order. Ignoring a low tire pressure light or squeaking brakes could lead to an accident that might hurt not just me, but other drivers

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Economy

Major beverage chain quietly closed 130 locations

I get a coffee, an iced tea, or some other drink from Starbucks nearly every day. That, at least to me, feels like a nonnegotiable reward for working hard. Yes, I’m spending $4-6 on something I can make at home, but it’s an ingrained ritual that’s a pleasant part of my day, and something that’s

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Economy

Grocery chain closes stores, leaving shoppers with fewer options

Another grocery chain is shrinking its footprint, exiting some markets entirely and leaving some shoppers without a familiar place to buy their groceries. For consumers who rely on a nearby supermarket for weekly shopping, the loss of a location can mean longer drives, fewer convenient options, or a search for a new store. The closures

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