Mexican chain with restaurants in 24 states files for bankruptcy in latest crushing blow to industry
Facebook axes thousands of employees... but for totally different reason Microsoft has paused hiring
Just a few of the businesses that have been affected by the Biden/Harris administration and Bidenomics:
12/17/2024 -
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Macy's has accelerated its plan to close stores, with the company now planning to shutter 65 locations by the end of 2024, up from an earlier expectation of 50. Over the next three years, Macy's intends to close 150 "underproductive" locations in total. This initiative is part of a broader strategy to refocus on more profitable and luxury-focused retail experiences, including expanding smaller format stores and enhancing their digital presence. The closures are expected to reduce Macy's store count to around 350 by 2026. This move comes after a reported sales drop of 2.4% in Q3 2024, indicating ongoing challenges in the retail sector. The closures are also seen as a response to declining sales and competitive pressures from online and discount retail, aiming to pivot towards a more sustainable business model.
12/14/2024 -
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Eegee’s joins a grim list of 2024 fast-food bankruptcies, including Red Lobster, BurgerFi, and Buca di Beppo.
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Rite Aid has closed an 520 locations—a quarter of its stores—within just seven months after filing for Chapter 11 bankruptcy.
Family Dollar shuttered 600 stores this year, with plans for hundreds more closures in the coming years as leases expire.
Macy's is set to close approximately 150 underperforming stores over the next three years, including 50 locations in 2024.
CVS Health is part of a plan to close 900 stores over three years, with 300 stores closing in 2024.
Walgreens announced plans to close 150 of its nearly 9,000 U.S. locations by the end of August 2024.
7-Eleven parent company Seven & I Holdings Co. planned to close 444 North American locations due to financial underperformance.
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