Latest in Retail Closures Surged
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Bridgestone announces a tire plant closure in Tennessee with 700 layoffs and other reductions
NASHVILLE, Tenn. — Tire manufacturer Bridgestone Americas is closing its LaVergne, Tennessee, truck and bus radial tire plant and laying off 700 workers there, the company announced in a news release.NBC News - 1d -
Retail Closures Surged in 2024, and Could Double to 15,000 This Year
Experts say the rise in store shutterings is driven by rising online retail sales and consumers converging on big one-stop-shopping chains and platforms.Inc. - 2d -
Profits at Indian banks dented as RBI curbs retail loans
Bad loan provisions also grow after millions of households loaded up on debt during ‘exuberant’ periodFinancial Times - 3d -
Store closures hit highest level since pandemic — see who is shutting down the most locations
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry ...NBC News - 3d -
Store closures hit highest level since pandemic — see who is shutting down the most locations
The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.CNBC - 3d -
Trump Is Leading a Global Surge to the Right
But not all of the leading conservative populist parties in the world are the same — in rhetoric or on policy.The New York Times - 3d -
Surge in vomiting bug keeps pressure on hospitals in England
Norovirus cases are the highest they have been since January 2020.BBC News - 3d -
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Record-breaking snow triggers flight cancellations, school and business closures in U.S. South
A polar vortex has led to freezing temperatures throughout the U.S., even reaching parts of the Gulf Coast. The snowy weather has triggered flight cancellations and closed schools and businesses ...CBS News - 4d -
Retail crime 'queenpin' to pay millions in restitution to retailers for theft ring
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta Beauty and Sephora to resell on Amazon will now have to ...NBC News - 4d -
Retail crime 'queenpin' to pay millions in restitution to Ulta, other retailers for theft ring
Michelle Mack was accused of running a sprawling retail crime ring that targeted Ulta and Sephora stores across the country and will spend five years in prison.CNBC - 4d -
Sunfish that was unwell after aquarium's closure recovers after human cutouts set up
A solitary sunfish at an aquarium in Japan lost its appetite, began banging into the side of the fishtank and appeared unwell days after the facility closed last month for renovationsABC News - 4d -
Snow and winter conditions force school and airport closures in the South
A winter storm brought snow and frigid temperatures to parts of the South that rarely see this type of weather. CBS News correspondent Janet Shamlian reports from Houston and CBS News Texas ...CBS News - 5d -
Taliban official calls for girls' high schools to open, calling closure an 'injustice'
The Taliban’s acting deputy foreign minister called on his senior leadership to open schools for Afghan girls, among the strongest public rebukes of a policy that has contributed to the ...NBC News - 5d -
Use of "aphrodisiac honey" is surging, customs officials warn
A record amount of illegally imported honey touted as a sexual enhancement -- but often tainted with erectile dysfunction drugs -- was seized in France last year.CBS News - 6d -
Severance spending at top UK universities surges
FT analysis shows drop-off in overseas enrolments pushed redundancy payouts up by more than a fifth in 2024Financial Times - Jan. 19 -
Why the gold boom is causing a surge in illegal mining
Gold exports from Africa more than doubled between 2012 and 2022 from 243 metric tons to 609 metric tons.CNBC - Jan. 18 -
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British retail sales unexpectedly drop in December
Pound falls and gilts rally as investors bet on more interest rate cutsFinancial Times - Jan. 17 -
Pakistan’s bet on Taliban backfires as violence surges
Islamabad had deadliest year in almost a decade following rise in terror attacksFinancial Times - Jan. 17 -
Retail investors flock to gilts in first two weeks of 2025
Platforms report surge in sales to take advantage of CGT exemptionFinancial Times - Jan. 16 -
Malaysia Retailer Eco-Shop to Tap Investors Ahead of IPO
The Malaysian discount-store retailer aims to start tapping investors early next week ahead of a planned initial public offering valuing the company at over $1 billion, people familiar with the ...The Wall Street Journal - Jan. 15 -
Retailers post early holiday results — and Wall Street isn’t impressed
Lululemon, Abercrombie & Fitch and American Eagle all hiked their holiday guidance, but Abercrombie's growth is slowing.CNBC - Jan. 13 -
Google Joins the AI Shopping Revolution With Agent Tools for Retailers
The next stage of AI development, which lets the technology act with more autonomy and performs some customer service actions, is being applied to an industry that must constantly embrace change.Inc. - Jan. 13 -
British Steel blunder forced Scunthorpe blast furnace closure
Shutdown last year blamed on wrong coal and is latest sign of difficulties at Chinese-owned operationsFinancial Times - Jan. 12 -
Memories of rosy Christmas fade as UK retailers brace for tough 2025
Groups including Sainsbury’s, Next and M&S warn of higher prices and weaker demand as costs and inflation riseFinancial Times - Jan. 10 -
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.CNBC - Jan. 10 -
We're buying more of this retail stock that's showing positive sales momentum
The company is having a nice fourth quarter, according to a note published by Truist on Friday.CNBC - Jan. 10 -
Macy's, Kohl's announce nationwide store closures: Here's where
Combined, the companies are closing roughly 90 stores nationwide.The Hill - Jan. 10 -
California authorities give update on L.A. fires and announce school closures
California officials held a news conference on Thursday evening about the wildfires in the Los Angeles area. They announced that all Los Angeles Unified School District schools will be closed on ...CBS News - Jan. 9 -
Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts
Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premisesFinancial Times - Jan. 8 -
Britain’s retail ‘boomer’ chains are making a comeback
Youth is wasted on the young with 160-year-old Next showing a steady cash flow despite rising costsFinancial Times - Jan. 8 -
December sales provide little cheer for retailers
Black Friday boosted monthly sales, but overall 2024 was a lacklustre year for retail, figures show.BBC News - Jan. 7 -
UK retail sales growth ‘minimal’ in final quarter of 2024, data shows
BRC survey suggests consumers stayed cautious during what is usually busiest time of yearFinancial Times - Jan. 7 -
Fortnite Lego Sets Launch At Major Retailers, Including Amazon And Walmart
Lego Fortnite Battle Bus (954 Pieces) ...GameSpot - Jan. 5 -
Sabres Should Extend Surging Forward Right Now
The Sabres forward is making a serious case for a contract extension.Yahoo Sports - Jan. 4 -
The Biggest U.S. Retailers Increased Their Dominance in 2024
Using distinct but overlapping business models, Amazon, Costco, and Walmart captured over half of recent growth in retailing, and are squeezing smaller rivals hard.Inc. - Jan. 3 -
Russian gas shutdown forces closure of almost all industry in Transnistria
Pro-Russia Moldovan region suffers major hit after Ukraine ends transit agreement, with only food producers functioning. The shutdown of Russian gas supplies to Moldova’s breakaway Transnistria ...The Guardian - Jan. 2 -
Boxing predictions for 2025: Amanda Serrano gets closure with Katie Taylor; fresh faces take over P4P top five
Here's what our experts see as possibilities in the new year for boxingCBS Sports - Jan. 2 -
Dollar surges against the euro and sterling
US jobs data adds to investor confidence over strength of American economyFinancial Times - Jan. 2
