The fast-casual restaurant sector has faced significant challenges in the wake of the Covid-19 pandemic, which led to widespread closures and operational shifts. Many restaurants adapted by pivoting to delivery, takeout, and drive-thru models, allowing them to weather the pandemic’s immediate impact. However, the financial strain from prolonged dining room closures pushed numerous chains into…
Wall Street is showing signs of recovery, buoyed by a strong round of corporate earnings reports. E-commerce giant Shopify has delivered a robust 21 percent increase in second-quarter revenue, surpassing expectations. Meanwhile, ride-sharing service Lyft has not only exceeded sales forecasts but has also achieved a net profit for the first time in its history….
In a dramatic turn of events, thousands of Black women are taking legal action against the manufacturers of hair relaxers in federal court in Chicago. These products, used to straighten curly hair, have become a significant industry, generating billions in revenue annually. However, recent lawsuits highlight a darker side to their popularity. The Controversial History…
Costco customers are familiar with the routine of showing their membership card to enter the store and self-checkout lines. Soon, Costco will be updating its entry process to include scanning membership cards for store access. The company, which operates 882 stores globally, including 611 in the U.S. and Puerto Rico and 108 in Canada, will…
Furniture retail chains have been grappling with significant financial challenges over the past two years, driven by high inflation, rising interest rates, and shifts in consumer behavior. These pressures have pushed several companies to seek bankruptcy protection, either through Chapter 11 or Chapter 7 filings. Mitchell Gold + Bob Williams Files for Bankruptcy High-end furniture…
It has been a challenging period for retailers using the dollar-store model. Supply-chain issues and rising costs have led many companies relying on the fixed dollar price point to shift away from this approach. Instead of sticking to the restrictive $1 price, many chains have transitioned to a value-based model. Competing with Major Retailers Even…
(NEXSTAR) – Hot dogs at Costco may still be priced at $1.50, but membership fees have increased starting Sunday. For the first time since 2017, the warehouse club has raised its annual fees for U.S. and Canadian Gold Star and Business members by $5, bringing the cost to $65. New Executive Membership Fees Additionally, Executive…
A MOTORBIKE owner is expressing concern after his local Harley-Davidson dealership closed three years before the end of his warranty. The rider took to Facebook to voice frustration over the store’s closure and the inconvenience of needing to travel long distances for scheduled maintenance. Dealership Closure Details The bike owner recently purchased a motorcycle from…
MILLIONS of Americans are set to receive direct payments of up to $1,900 this month, according to the Social Security Administration (SSA), which has just released its complete payment schedule. Payment Schedule Details The SSA is distributing payments based on the beneficiaries’ start dates for receiving benefits. Individuals who began receiving benefits before May 1997…
AMERICANS may be eligible for cash payments from a $920,000 settlement following allegations that an oil manufacturer failed to pay its workers’ wages. Settlement Details Class members do not need to file a claim form but have until next week to contest the number of weeks of payment they are entitled to. The settlement stems…