Economy

Economy
Economy

National specialty clothing chain closing all its stores

A few weeks ago, I used Uber Eats to deliver me a case of bottled water, a dozen Starbucks iced coffee bottles, and a 12-pack of Gatorade Zero. It cost a little more than going to the store less than two miles from our house, but instead of having to lug those bulky items from

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Economy

Another coffeehouse files for Chapter 11 as costs, prices rise

When we moved to our former house in the Tradition neighborhood of Port St. Lucie, Fla., we had two Starbucks, two Dunkin’s, and two local coffeehouses within a few miles of our house. A few years later, when we moved away, we still had two Starbucks, but the local, independent chains had both closed. In

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Economy

49-year-old men’s clothing chain closing more stores

A few months ago, I went into a popular tuxedo rental chain to rent a tux for a wedding. I told the clerk what I needed, and the initial jacket he brought out fit, but would not button. He then proceeded to tell me that the line I was looking at was not available in

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Economy

Kroger loses $12 billion as customer behavior takes a turn

Kroger is facing mounting pressure from shifting customer habits, causing it to lose $12 billion as competition intensifies. In recent months, the grocery chain, which operates regional supermarkets such as Ralphs, Fred Meyer, and Smith’s, has grown laser–focused on attracting and retaining price-conscious customers by offering more value and lower prices in its stores.  For

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Economy

Popular steakhouse chain adds new deals as beef prices rise

Restaurant operators are navigating higher costs and changing consumer spending habits, making it increasingly important to find ways to attract customers and maintain traffic. Prices for food at home increased 2.2% over the 12 months ending August 2026, according to the U.S. Bureau of Labor Statistics. Restaurant prices have also continued to rise, with food away from

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Economy

Walgreens retreats as CVS quietly takes over suburban pharmacies

Drive through almost any American suburb, and you will spot it: a shuttered Walgreens with a handwritten sign in the window telling customers their prescriptions moved down the road. More often than not, that road leads to a CVS. This pattern is playing out in strip malls across the country, quietly reshaping who controls the

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Economy

Jewelry chain closes 53 stores after shutting down 2 brands

After closing dozens of stores and shutting down two brands, a major jewelry retailer is continuing to shrink its footprint, with dozens more locations expected to close in the coming months. The latest closures are part of a broader turnaround as the company reshapes its store base, consolidates smaller brands, and shifts resources toward its

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Economy

Sports league’s future uncertain in Chapter 11 bankruptcy filing

Rival sports leagues that try to encroach on long-established leagues often fail in their attempts to succeed. The National Football League, established in 1920, has faced challenges from several competing leagues that failed, including the All-America Football Conference, which lasted four seasons before folding after their 1949 season. The World Football League’s attempt to compete

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Economy

Comcast CFO sends stern warning as broadband customers leave

Comcast Chief Financial Officer Jason Armstrong is issuing a stern warning about broadband pricing and the company’s future performance as it continues to lose a significant number of customers. In 2025, Comcast, which operates broadband service under the name Xfinity, lost over 700,000 internet customers after raising Xfinity prices and restricting its autopay discount. The

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Economy

Ikea closes another key store after barely a year

Becoming a global powerhouse is extremely difficult, and not many retailers manage to conquer such different markets around the world. Its success in one market doesn’t guarantee performance in another, as consumers behave differently.  That’s why, oftentimes, brands make some changes when entering new countries, as they adapt to different economic and cultural environments.  

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