Economy

Economy
Economy

7-Eleven makes a massive change to its hot food menu

When I drive from my southern Florida home to Orlando, Port Canaveral, or even Tampa, I’ll happily stop at a 7-Eleven for gas, something to drink, and maybe even a bathroom break, but never a meal. I’ll buy packaged snacks from the chain, but I’ll opt for Wawa or even make a secondary stop at

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Economy

80-year-old discount clothing chain closes another 14 stores, plans more

Retailers are not just quietly abandoning indoor malls, they are also escaping the suburban strip malls, as consumers continue to cut back on discretionary spending. For shoppers in smaller communities, these closures could mean fewer places to buy affordable women’s clothing without driving to a larger city or shopping at a big-box retailer. Over the

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Economy

Walmart escapes major legal penalty for a fraction of the cost

Walmart (WMT) has spent nearly five years living under one of the biggest legal threats the U.S. government has ever aimed at a single retailer. That threat is now gone, and it cost the company far less than almost anyone expected. On Friday, Aug. 28, the Justice Department and the Drug Enforcement Administration announced a

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Economy

Disney World celebrity restaurant concept closing forever after 30 years

Along with the four parks making up the wider Disney World resort, the area is also home to the Disney Springs dining, retail and entertainment complex. It was built as Lake Buena Vista Shopping Village in 1975 and has since gone through many renamings and expansions to what today is home to 95 stores and,

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Economy

161-year-old kids clothing giant closes 29 more stores

As parents continue to feel pressures on their household budgets, increasingly skipping specialty clothing stores in favor of one-stop shopping at big-box giants like Target and Walmart, another children’s apparel retailer is closing stores.  Industry data confirms this shift, revealing that mass merchants now capture 80% of planned spending in the back-to-school category, according to

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Economy

Kohl’s launches new celebrity partnerships

Kohl’s has struggled to reboot its business, despite being a value player in a market where consumers are looking for deals. “The fact that comparable sales remain in decline — the eighteenth consecutive quarter when they have dipped — does not convince us that Kohl’s is a business in full recovery,” GlobalData Managing Director Neil

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Economy

Firearms retailer files Chapter 11 bankruptcy as gun sales drop

Guns and ammunition retailers have faced financial distress, leading to store closings and bankruptcy filings as sales have fallen significantly over the last two years. Industry experts believe some of the decline in sales might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200

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Economy

Mattress chain files Chapter 11 bankruptcy after 24 years

My wife and I bought our mattress roughly five houses and 13,000 miles ago. It’s a “Bob-O-Pedic” purchased from Bob’s Discount Furniture in Newington, Conn., that we brought with us to West Palm Beach, Fla., and have moved to multiple homes. It’s more than 10 years old, which exceeds the suggested life of a mattress,

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Economy

Taco Bell returns to unexpected market after 14 years

Taco Bell is making an unexpected comeback in a market it left more than a decade ago, reviving a piece of its international footprint as the fast-food chain looks to accelerate global growth. The Yum! Brands-owned chain is seeking to reestablish its presence in a once-abandoned market as it expands beyond the U.S. and looks

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Economy

Where are the top places to have Japanese food in Las Vegas

While Las Vegas is not typically thought of as one of the top places to have Japanese food in North America, the casino and entertainment capital is home to hundreds of sushi, omakase and izakaya restaurants at different price points both on and off The Strip. For an upscale option, Mizumi at the five-star Wynn

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