Economy

Economy
Economy

After closing 16 locations, popular breakfast chain will disappear

When a restaurant changes owners, names, and menus, it may still be serving the public, but that doesn’t mean something hasn’t been lost. When I was a kid, the former Dunkin’ Donuts (now Dunkin’) often took over locations that used to be locally owned doughnut stores. Yes, the new owner still served doughnuts, muffins, and

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Economy

Starbucks rival closes more cafes, exits key market

A coffee shop chain is continuing to shrink its footprint, closing several locations in recent months as it exits some markets. The latest closure marks another shift for a company that has built its identity around creating inclusive workplaces while expanding its presence across the U.S. The move also comes as food-service operators continue to

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Economy

AT&T launches free healthcare perk for customers

AT&T is sweetening the deal for its customers by introducing a free perk that makes healthcare more accessible, a move that comes amid heightened competition.  Recently, AT&T’s top competitors have doubled down on rolling out perks to attract and retain customers. For instance, in June, T-Mobile ramped up its T-Mobile Tuesdays offerings by adding perks

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Economy

Another national airline bankrupt, all flights canceled

On Sept. 14, Latvian flag carrier AirBaltic filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York, citing “acute financial stress due to a combination of financial and geopolitical factors.” Specifically, the price of jet fuel has remained elevated for months following the closure of the Strait of

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Economy

55-year-old southern comfort food chain closing for good

Back when we lived in Connecticut, we had a local sports bar that we frequented fairly regularly. It was about three miles from our house, had affordable prices, and was loud enough that we could bring our son, who was a toddler at the time. It was a famous place that ran radio and television

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Economy

Bank of America resets Costco stock target ahead of earnings

Costco built the business by convincing shoppers that its annual membership fee pays for itself through lower prices, bulk savings, and access to products they may not find elsewhere. More than 145.2 million people have Costco cards, me among them.  People with large families are more likely to take out memberships for redeemable points, cash

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Economy

Nike lost its blue-chip badge but not its swagger

Nike Inc. (NKE) stock has erased close to $200 billion in market value since its November 2021 peak, in what has become the worst drawdown in the company’s history. That damage has since grown to more than $220 billion, according to Forbes, as shares slid toward a 12-year low, leaving the stock roughly 78% below

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Economy

Target rolls out another generous deal to win back customers

While Target’s latest earnings results reveal the retailer is making all the right moves to recover from previous sales struggles, the company is not catching a break in efforts to get those customers back to its aisles.  In August, I reported that the company’s net sales had improved 5.3% year over year, hitting $26.5 billion,

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Economy

CVS division completes Chapter 11 bankruptcy liquidation

For decades, CVS seemed like the perfect business. It was convenient, sold a mix of products people wanted, and everyone was forced to go there (or to one of its rivals) when they needed to pick up a prescription. Now, however, the company has been fighting a war on many fronts. Consumers can order much

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Economy

Ulta Beauty’s move to win back shoppers takes a new turn

Walking into an Ulta Beauty store could look a little different in the coming months. To improve the customer experience and its own position amid increasing competition, the beauty retailer is making major changes. One of the ways is changing how it selects which beauty products deserve a spot on its shelves. Rather than waiting

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