marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
store closures
12/11/2024
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By Arsenio Toledo
Wendy’s announces closure of 140 restaurants nationwide
Wendy’s has announced the closure of 140 underperforming locations in the United States. This decision is part of a strategic effort to streamline operations, improve profitability and focus on high-growth areas. The 140 restaurant closures were identified through a comprehensive, data-driven review. These locations were described as outdated and underperforming, with financial results “well below […]
10/29/2024
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By Ava Grace
Denny’s to shut 150 of its most underperforming restaurants in the U.S. by end of 2025
Diner-style restaurant chain Denny’s has announced that it is closing 150 of its lowest-performing restaurants in the United States in an effort to turn around the brand’s flagging sales. About half of the closures will happen this year and the rest in 2025, the company said during a meeting with investors, with the goal of strengthening […]
10/16/2024
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By Laura Harris
7-Eleven to close 444 underperforming stores across North America as retail economy continues to crater
Popular convenience store chain 7-Eleven has announced the closure of 444 underperforming stores across North America, as the Japanese-owned corporation responds to changing consumer habits and ongoing inflationary pressures. According to its Tokyo-based parent company Seven & I Holdings, the closure will only affect around three percent of 7-Eleven’s over 13,000 stores across the United […]
09/20/2024
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By Laura Harris
Kevin Hart’s vegan food chain closes all locations in California following minimum wage hike for fast-food workers
Comedian Kevin Hart’s vegan fast-food chain Hart House suddenly closed all four locations in Southern California on Sept. 10 due to the alleged impact of the new minimum wage hike for fast-food workers. In September 2023, California Gov. Gavin Newsom signed AB 1228 by Assemblymember Chris R. Holden (D-Pasadena) to increase the minimum wage for more than 500,000 […]
09/05/2024
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By Olivia Cook
Big Lots reportedly faces possible bankruptcy amid plummeting stock prices
Big Lots, Inc., a prominent discount retailer in the United States, is reportedly on the brink of filing for Chapter 11 bankruptcy protections due to several years of declining sales. The company is expected to follow through by asking for bankruptcy protection in the coming weeks if it can’t secure new investors. The Ohio-based chain revealed […]
08/19/2024
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By Ava Grace
Major U.S. flooring supplier files for BANKRUPTCY and plans to close 94 stores nationwide
A major flooring materials supplier in the U.S. has filed for bankruptcy and plans to close 94 of its locations across the country. The Daily Mail reported that LL Flooring filed for Chapter 11 bankruptcy protection in Delaware on Aug. 11. A Chapter 11 filing allows companies to continue running their business while they work […]
08/11/2024
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By Laura Harris
RETAIL COLLAPSE ACCELERATES: Discount homeware chain Big Lots is closing 315 stores due to financial struggles and declining sales
A discount homewares store chain in the United States is shutting down 315 stores across multiple states due to growing financial woes, the beleaguered retailer revealed in a regulatory filing to the Securities and Exchange Commission (SEC). Big Lots, which accounts for approximately 1,392 stores across the country, warned its financial regulators that its earnings have consistently fallen over the […]
07/10/2024
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By Ava Grace
Discount homeware chain Big Lots warns of BANKRUPTCY filing, triggering fears of mass closures
A discount homeware store chain in the U.S. has considered filing for bankruptcy protection, sparking fears of mass store closures. Columbus, Ohio-based Big Lots, which boasts of almost 1,400 stores across the country, is the latest to warn of money problems. The company has told financial regulators that it many not be able to continue […]
07/05/2024
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By Richard Brown
BIDENOMICS claims another victim: Retail store chain Bob’s Stores to close down all locations by July 14
Bob’s Stores, a retailer specializing in athletic and casual clothing across six states, is closing all its locations. The chain currently has “Going Out Of Business” sales that offer customers massive discounts of between 30 to 70 percent off, and the company’s website is no longer operational. Shoppers can find reduced prices on top national […]
07/01/2024
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By Laura Harris
Walgreens to shut down underperforming stores and reduce investment in primary-care businesses
The chief executive of pharmacy chain Walgreens Boots Alliance has announced the company’s plan to close underperforming stores and reduce investment in the primary-care business. During an interview with the Wall Street Journal, Tim Wentworth, who became CEO last October after a career in managing drug benefits, revealed that Walgreens experienced a 10 percent drop in pre-market trading on […]
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