42-year-old sneaker brand closes over 50 stores
Dick’s Sporting Goods has been one of the big success stories in the brick-and-mortar retail space. At a time when many rivals have been shrinking their physical store counts, the…
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Category: Politics
Consumer giant could sell major personal care brands
A major consumer company is considering a move that could put several familiar household brands on the market. The move comes as the company reassesses parts of its portfolio and…
Another chain closes most restaurants, Homer Simpson called it
“You don’t win friends with salad.” That’s a classic Homer Simpson line referring to his plan to host a barbecue where he cooks an entire pig, which horrifies his vegetarian…
Ikea closes another key store after barely a year
Becoming a global powerhouse is extremely difficult, and not many retailers manage to conquer such different markets around the world. Its success in one market doesn’t guarantee performance in another,…
74-year-old convenience store chain disappearing after sale
Back in the late 70s and early 1980s, my small town had a mom-and-pop convenience store, Paul’s Market, as well as one location of a regional chain, Richdale’s. It later…
Prominent seafood chain continues closing restaurants after bankruptcy
After bankruptcy, ongoing restaurant closures, a sweeping restructuring, and years of financial pressure, a once-iconic seafood chain continues to shutter locations as it works to stabilize its business. The changes come…
31-year-old Mexican chain faces large-scale restaurant closures
Not paying back a business loan kicks off a process that can end up with the company being forced to liquidate. “A business loan goes into default when you repeatedly…
Costco’s famous return policy has a catch members don’t know
Costco has one of the most generous return policies in all of retail. The chain calls it a “Risk-Free 100% Satisfaction Guarantee” and explains its merchandise return policy as follows:…
Nike just got kicked out of an elite club
In June 2018, General Electric (GE) quietly disappeared from the Dow Jones Industrial Average, ending a 111-year run that predated the index itself, according to Bloomberg. The removal didn’t bankrupt…