Latest in Close Stores Sales
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Advance Auto Parts to Close Stores as Sales Outlook Misses Views
Advance Auto Parts said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.Business - The Wall Street Journal - 15 hours ago -
Last Kmart store closes down
Shoppers bid farewell to the final Kmart store in Bridgehampton, New York, while snagging great deals before the store shut its doors for good. Shanelle Kaul has the story.Top stories - CBS News - October 20 -
Why major retailers are closing stores
Over the weekend, the last full-sized Kmart in the continental U.S closed. Other retailers like Dollar Tree, Macy's, CVS and more have also closed stores over the years. Business editor at USA ...Top stories - CBS News - October 21 -
McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms
Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.Business - CNBC - October 29 -
Chipotle misses revenue estimates as same-store sales growth disappoints
Chipotle's same-store sales rose 6% in the third quarter, just missing Wall Street's expectations.Business - CNBC - October 30 -
Walgreens to close approximately 1,200 stores over three years
Pharmacy giant Walgreens announced its plan to close around 1,200 stores over the next three years as retail sales decline. Walgreens has also been dealing with other challenges, including rising ...Top stories - CBS News - October 16 -
Trump Contends His Economic Policies Won’t Increase Federal Debt
In an interview with Bloomberg News, the GOP candidate denied his tariff plans would hike the deficit by $7.5 trillion, a widely accepted forecast among economists.Business - Inc. - October 16 -
Walgreens Will Close 1,200 Stores as Pharmacies Try to Define a New Role
Drugstores are suffering in the post-pandemic retail arena, and are increasingly becoming ‘destinations to nowhere.’Business - Inc. - October 16 -
More than 2 dozen Big Lots stores no longer closing: Here's where
While dozens of stores previously set for closure are seemingly remaining open, Big Lots has already closed more than 270 stores this year.Politics - The Hill - 2 days ago -
Ceramic mugs, condiment bars and comfier seats are coming to more Starbucks stores, as new CEO looks to re-caffeinate sales
Starbucks Corp. on Wednesday said its latest quarterly results “do not reflect the strength of our brand,” and said it needed to make fundamental changes to bring back customers.Business - MarketWatch - October 31 -
Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines
KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.Business - CNBC - November 5 -
Papa John’s stock falls as same-store sales hurt by still-cash-strapped consumer
Pizza chain says it’s still operating in a challenging consumer environment.Business - MarketWatch - November 7 -
List: 56 additional Big Lots stores expected to close in 27 states, court docs show
More than 500 stores are expected to close, if they haven't already.Politics - The Hill - October 17 -
Advance Auto Parts to exit Western U.S. as it closes more than 700 locations
Auto-parts retailer will focus on its strongest markets in the eastern part of the country.Business - MarketWatch - 11 hours ago -
AI startup CoreWeave closes $650 million secondary share sale, with Cisco joining as investor
Cisco and Pure Storage have backed CoreWeave, which is taking on Amazon in supplying cloud-based Nvidia graphics cards to companies for artificial intelligence.Business - CNBC - Yesterday -
British Clothing Brand Boden Lures Shoppers to Scranton
The British brand Boden offers sample-sale prices at an outlet on Biden Street in the industrial Pennsylvania city.Lifestyle - The New York Times - October 17