“A wave of defaults, bankruptcies and evictions expected in cities across the U.S. is poised to remake the retail landscape across the country, but there may be some upside for consumers and small businesses,” Axios reports.
BING NEWS:
- Economic Bloodbath: US Retail Confirm 169 Closures
The economic news isn't getting any better. Bidenomics continues to prove itself the most lethal killer of the U.S. economy since COVID overtook the world as 169 retail stores closed in a single week, ...
05/5/2024 - 6:32 am | View Link - Downtown San Jose gets a much-needed dose of ‘retail therapy’
It’s no secret that retail shopping has been a weak spot in downtown San Jose for decades. There have been a few success stories that have been exceptions, and one has certainly been the Moment pop-up ...
05/4/2024 - 3:00 am | View Link - National retail chain closing all stores in Chapter 11 bankruptcy
On May 2, Rue 21, a majority of which is owned by Blue Torch Capital, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. It listed $100 million-$500 million in ...
05/3/2024 - 11:23 am | View Link - California retail theft captured the Capitol’s attention. How major stores have lobbied for it
Home Depot increased its lobbying budget the most, spending $33,000 during the first quarter of 2023 and about $87,000 during the first quarter of 2024. A large chunk of the most recent Home Depot ...
05/3/2024 - 6:56 am | View Link - Seattle-founded REI struggles to adapt to changing retail. What’s next?
Hit by fierce competition and fallen sales in recent years, the 86-year-old outdoor retailer's attempts to return to profitability have left some wondering if the company is losing its way.
05/3/2024 - 2:00 am | View Link - More
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