Latest News

Latest News
Latest News

7-Eleven shares detailed plan for closing over 600 stores

7-Eleven wants to be more than just the place that sells you a Slurpee and a roller dog while you’re getting gas. The chain has been stepping up its food offering as it upgrades stores nationwide. The chain plans to remodel more than 7,000 stores by 2030, according to comments made during its April Investor’s

Read More
Latest News

Target’s problems aren’t what you think they are

When Target CEO Michael Fiddelke took over the struggling company in Feb., he faced a daunting task. Not only did he have to reverse a sales slide, the new boss also had to change how consumers saw the brand. Conservative shoppers viewed the brand as “woke” because of its DEI policies, bathroom rules, and its

Read More
Latest News

Dollar Tree makes key move to keep popular items in stock

If you’ve ever shopped at Dollar Tree before, you know that it can sometimes be a frustrating experience.  It’s sort of similar to Costco. You walk in expecting your favorite stuff to be sitting there on the shelf, only to realize it’s been replaced with different products.  But whereas products tend to disappear at Costco

Read More
Latest News

Big fast-food burger chain franchisee files Chapter 11 bankruptcy

A lender dispute over millions of dollars has led a Hardee’s restaurant franchisee to file for bankruptcy to invoke an automatic stay of all legal actions against the debtor. Hardee’s restaurant franchisee Superior Star LLC filed for Chapter 11 bankruptcy protection, facing an alleged seller financing dispute, according to court papers. Hardee’s franchisee Superior Star

Read More
Latest News

59-year-old sandwich chain shuts down, lays off workers

Restaurant regulars usually notice the signs of trouble well before a location, or even a chain, shuts down. Before the first On the Border bankruptcy, for example, I noticed half-empty restaurants while customers waited because the location we often visited lacked enough staff. The food quality, portions, and wait times were also inconsistent. You could

Read More
Latest News

GameStop just cleared a hurdle nobody was watching

GameStop shareholders approved a routine-sounding item on Tuesday: more authorized Class A shares. The timing complicates that read. Six days earlier, Sony confirmed it will stop manufacturing physical PlayStation game discs starting in January 2028, closing the book on the exact product category GameStop was built to sell. Sony’s move wasn’t really a surprise. Nearly

Read More
Latest News

Popular burger chain closed over 300 restaurants then disappeared

During my childhood in the 1980s, my family sometimes ate out at a cafeteria-style steak chain that has almost entirely disappeared. Before that chain collapsed down to a single restaurant, I got a chance to eat there in the 2000s. It was basically what I remembered, and while I could see what young me liked

Read More
Latest News

Convenience store giant closing down multiple brands

Convenience store chains command customer loyalty, and sometimes cult-like followings, on a local and regional level. While 7-Eleven has built a national brand, even major regional players such as Wawa, Sheetz, and RaceTrac inspire fierce loyalty in their home markets but remain far less recognizable nationally. Despite rising price sensitivity at the pump, both consumers

Read More
Latest News

After years of store closures, fashion retailer shifts strategy

After several years of shrinking store fleets, many apparel retailers have shifted toward investing in fewer, higher-performing locations. Rather than opening as many locations as possible, brands are increasingly concentrating investment in premium real estate that can serve as both shopping destinations and brand showcases. One fashion retailer is embracing that strategy while continuing to

Read More
Latest News

National wireless carrier closing after Chapter 11

Building a nationwide wireless network has long been one of the most expensive challenges in telecommunications. That’s why three national carriers have effectively dominated the U.S., despite repeated efforts to create more competition. That’s a space Dish had sought to fill. Dish launched Project Genesis in 2022, envisioning it as a new nationwide 5G carrier

Read More