Business
It used to be that you could find a JCPenney in pretty much any mall and most busy towns and cities. That's no longer the case, as JCPenney announces more store closures amid rumblings that the retailer is facing uncertainty. Closures have quietly been taking place for a
Business
If Popeyes is your fast-food chicken restaurant of choice, it just got a little harder to find a nearby location. A franchisee with a whopping 136 locations is closing 18 locations and finding a buyer for another 92 locations. Major Florida franchisee is forced to close locations Sailormen Inc.
Business
The airline industry has already had a rough year, and the list of carriers running into financial trouble keeps getting longer. The latest is Swiss charter airline Air Mountain, which has officially gone bankrupt, grounding its fleet and canceling every scheduled flight through the summer. Swiss Alps carrier goes bankrupt
Business
When you walk into a Walmart grocery store, you probably aren't thinking about where the electricity comes from. You are thinking about whether the milk is cold, the produce is fresh, and the shelves are stocked. But behind the scenes, those things depend on something surprisingly simple: reliable
Business
Here's the good news: Saks Global, owner of Saks Fifth Avenue, has survived and exited its bankruptcy filing. The bad news is that it took a heavy hit and will need to make massive job cuts to stay afloat. Luxury retailers aren't immune to a changing
Business
It's starting to feel like a landmine in the retail industry, with yet another big chain announcing closures. The fast-fashion retailer H&M has announced 128 store closures, continuing its efforts to downsize its brick-and-mortar footprint. H&M is speeding up its downsizing
Business
Millions of Amazon customers could still have money waiting for them, but the clock is ticking. Eligible Prime members have until July 27 to file a claim in a massive $2.5 billion settlement tied to allegations that Amazon made it too easy to sign up for Prime and too
Business
GameStop is going all in on its quest to purchase all the outstanding eBay common stock. The plan is to use cash and GameStop common stock to make the acquisition, all while putting its controversial $35 billion performance-based pay package on hold. CEO is serious about the acquisition Not
Business
Popular YouTuber Ben Schneider, who is better known online as Reckless Ben, and Lego reseller Bricks & Minifigs have agreed to hit pause on their increasingly messy legal battle. The two sides have now agreed to mediation, potentially avoiding a full-blown courtroom showdown over a viral series that accused
Business
That stack of ancient coupons sitting in your junk drawer might finally pay off. After disappearing from malls and shopping centers during its 2023 bankruptcy, Bed Bath & Beyond is staging a comeback, and the retailer wants customers to dig through closets, cookbooks, wallets, and couch cushions in search of
Business
Another major fast-food franchisee is hitting financial trouble. Affiliates of MTF Subs, a company that operates 43 Subway restaurants across four states, have filed for Chapter 11 bankruptcy, and at least six locations have already shut down. More closures could be on the way as the company continues reviewing
Business
If your favorite restaurant is On the Border, you're going to want to sit down for this, as the popular Tex-Mex chain has closed all 60 of its company-owned restaurants despite moves to stage a comeback. The comeback that never happened It was just last year