Economy

Economy
Economy

TJ Maxx faces major threat from longtime rival

Inflation has reshaped where Americans shop, and nowhere is that shift more visible than in the off-price apparel aisle. As grocery bills climb, gas prices creep back toward $4 a gallon, and everyday essentials eat up a bigger share of household budgets, shoppers who once bought without blinking are now comparison shopping for basics like

Read More
Economy

Costco keeps discontinuing popular products

Costco has a way of making shoppers fall in love with products they can’t find elsewhere. That’s a big reason the company boasts a worldwide membership renewal rate of almost 90%. The downside, though, is that Costco has a habit of killing products that have been on the shelves for a long time. And that

Read More
Economy

114-year-old bakery chain closes 19 locations

Even though many people believe that breakfast is the most important meal of the day, many of them tend to grab quick and tasty treats from the bakery as they rush to work. Today’s lifestyle dynamics and rising urbanization are leading many consumers to ready-to-consume (RTC) baked goods.  According to a recent industry report, the

Read More
Economy

T-Mobile makes striking workforce shift amid fight for customers

T-Mobile, which is owned by Deutsche Telekom, has been undergoing a reboot after Srini Gopalan became CEO in November amid customer retention struggles. Since then, the company has quietly been restructuring its workforce operations, resulting in an unexpected number of layoffs.  The company reportedly first laid off an unknown number of employees in December, including

Read More
Economy

McDonald’s has a new way to challenge Costco on gas

Traditionally, when you talk about McDonald’s and gas, you’re not referencing filling up at the pump. The fast-food giant, however, has made a deal to give consumers discounted gas in partnership with Shell. That move is part of the chain’s efforts to deliver broader value to customers without necessarily having the lowest prices. “We’ve listened

Read More
Economy

“Call Her Daddy” host shuts down new beverage brand

A major investment recently valued a growing media company at $500 million. Now, one of its consumer businesses is reportedly being shut down less than two years after launch. The development comes as the broader functional beverage market continues to grow. High-profile entertainers and creators have increasingly entered the category, with brands including Dwayne “The

Read More
Economy

Iconic seafood chain brings back controversial deal amid closures

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

Read More
Economy

Pioneering restaurant chain closes all locations

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

Read More
Economy

Bankrupt Italian chain shuts 50 restaurants, exits state entirely

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

Read More
Economy

Major retail meat company closes plants, lays off over 3,200

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

Read More