Economy

Economy
Economy

125-year-old mall retail anchor closes discount outlet, cuts 101 jobs

The department store model isn’t dying. Instead, it is quietly reshaping itself. While headlines typically highlight massive retail contractions, including Macy’s closing 80 stores and Saks Global’s Chapter 11 bankruptcy, some of the legacy chains are executing strategic footprint adjustments instead of a full retreat. Few retailers illustrate this survival shift better than Nordstrom. The

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Economy

Spectrum drops free offer to win back internet customers

Spectrum, which is owned by Charter Communications, is rolling out a free offer to internet customers as it struggles to retain them amid tougher broadband competition.  The company revealed in its latest earnings report that it lost 172,000 internet customers in the second quarter of this year. Amid this trend, its internet revenue also declined

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Economy

Jim Cramer holds back support for surging beverage stock

Jim Cramer picked Coca-Cola (KO) over Celsius Holdings (CELH) on live television. During the August 20, 2026 Lightning Round on CNBC’s Mad Money, a caller asked him about Celsius.  He answered without hesitation, saying he’d rather own Coca-Cola and calling it the clear winner. The comment comes as Celsius stock is rallying.  Shares are up

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Economy

Another travel company shuts down and cancels all trips, refunds available

With estimates showing that there are up to 16,000 travel agencies and companies selling some form of organized travel operating in the United Kingdom, some will withstand the current market while a large number will struggle. Rising labor and operational costs, the ease with which people can now book their own travel online and lower consumer spending

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Economy

Clothing retailer returns to brick and mortar stores after 7 years

After its former owner collapsed under unsustainable debt and the brand lost its physical retail presence, a once-popular fashion brand is making an unexpected return to stores. The brand disappeared from the high street in 2019 after its then-owner entered administration, resulting in the closure of dozens of standalone stores and more than 100 department-store

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Economy

Iconic fast-food fried chicken chain closes over 300 restaurants

The fast-food fried chicken space has several contenders vying for the throne. Chick-fil-A has been a market leader, but Popeyes has competed with its once-viral chicken sandwich, while Raising Cane’s has grown quickly, fueled by its cult fanbase and simple menu. It’s an incredibly competitive space where it’s hard to differentiate your product. The chicken

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Economy

Comcast adds new service to internet plans as customers leave

Comcast has attached a new service to its Xfinity internet plans as it faces mounting customer losses. The company revealed in its most recent earnings report that it lost 167,000 U.S. broadband customers in the second quarter of this year. Also, its revenue in this segment dropped by 5.5% year over year. The exodus of

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Economy

DoorDash partners with iconic brands for back-to-school prep

Back-to-school season brings a lot of stress.  Between changing daily routines, coordinating new schedules, shopping for supply lists, and figuring out how to pay for it all, the return to school can be more demanding for parents than students.  In fact, one study by Life360 found that 68% of parents feel burdened by the sheer

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Economy

172-year-old luxury giant exits entire market

After years of expansion, one of the world’s most recognizable luxury brands is closing stores and exiting an entire market, as it takes a more selective approach to its retail footprint. The move comes as luxury companies rethink their store networks amid changing consumer behavior, economic uncertainty, and a greater emphasis on high-performing locations and

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Economy

Kroger has a customer problem that may be its own fault

Kroger CEO Gregory Foran has been open about the fact that many of his chain’s stores need work. “Our operating costs have been growing faster than our sales. That’s not sustainable. And frankly, it’s not acceptable. Taking costs out of this business is not optional. It’s the starting point for everything else we want to

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