As their customers age, department stores chase younger shoppers
Department stores are aging — and so are their customers. For over a century, the stores won over multiple generations with a promise to sell shoppers a wide variety of everything. For many
Red Lobster files for bankruptcy, but restaurants will stay open
Red Lobster has filed for voluntary Chapter 11 bankruptcy in Florida, the company confirmed in a statement late Sunday night — but it intends to keep its locations open. The 56-year-old seafood
Are consumers pulling back on spending? It depends which CEO you ask
With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t. The most recent round
Target lowering prices on 5,000 frequently bought items
Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue. The company said in a statement that
Four minors found working at Alabama poultry plant run by same firm found responsible for Mississippi teen’s death
Four minors as young as 16 were allegedly discovered working overnight at an Alabama slaughterhouse owned by the same firm that was found directly responsible for the death of a 16-year-old Mississippi worker last summer, the
Wendy’s will offer $3 breakfast deal as rivals such as McDonald’s test value meals to drive sales
Wendy’s will offer a $3 breakfast combination meal starting Monday, as restaurant chains look for new ways to drive sales while consumers pull back on dining out. The deal will include a small portion
FDIC Chair Martin Gruenberg to resign after damning workplace harassment probe
Federal Deposit Insurance Corporation Chairman Martin Gruenberg announced Monday that he will resign, after a recent probe found a widespread culture of sexual harassment and discrimination at the independent agency. “In light of
Hims & Hers Health says it will offer compounded GLP-1 injections
Digital pharmacy startup Hims & Hers Health is introducing access to compounded GLP-1 weight loss injections, the company announced Monday. Shares of the company surged. The company, which offers a range of direct-to-consumer treatments for conditions
Trump tops Biden in April fundraising, but Biden keeps cash advantage
Donald Trump narrowed President Biden’s fundraising advantage in April, raising more cash in collaboration with the Republican National Committee than his Democratic rivals. But Biden and the Democratic National Committee still have
Trump tops Biden in April fundraising, but Biden keeps cash advantage
Donald Trump narrowed President Biden’s fundraising advantage in April, raising more cash in collaboration with the Republican National Committee than his Democratic rivals. But Biden and the Democratic National Committee still have