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Red Lobster files for bankruptcy, but restaurants will stay open
Red Lobster has filed for voluntary Chapter 11 bankruptcy in Florida, the company confirmed in a statement late Sunday night...
Read moreAs their customers age, department stores chase younger shoppers
Department stores are aging — and so are their customers. For over a century, the stores won over multiple generations...
Read moreIvan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87
Ivan Boesky, a onetime Wall Street titan-turned-convict who served as the partial inspiration for the 1987 Oliver Stone film ‘Wall...
Read moreWendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales
Wendy’s will offer a $3 breakfast combination meal starting Monday, as restaurant chains look for new ways to drive sales while...
Read moreBruce Nordstrom, who helped grow family-led department store chain, dies at 90
SEATTLE — Bruce Nordstrom, a retail executive who helped expand his family’s Pacific Northwest department store chain into an upscale...
Read moreChevy Bolt owners to receive settlement checks after successful class-action suit over faulty batteries
Chevy Bolt owners are eligible for settlement checks as part of a $150 million class-action settlement with General Motors and...
Read moreThe lunch rush is dead as Americans live for the weekend
More consumers are saving their workday lunch money to burn when they’re off the clock. The rise of hybrid work...
Read moreDow closes at record high above 40,000 to cinch a five-week winning streak
The Dow Jones Industrial Average closed Friday above the key 40,000 level for the first time in history, a day after hitting...
Read moreFrontier Airlines does away with change fees in budget airline pricing overhaul
Frontier Airlines said it will stop charging customers a fee to change their flights, taking a page from larger competitors as...
Read moreSome consumers are punting big purchases like pools and mattresses
Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates...
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Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion...
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Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website
Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding...
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U.S. charges former Wamco executive Kenneth Leech with fraud
Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was charged by U.S. authorities on Monday with...
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Kohl’s CEO Tom Kingsbury to step down and be replaced by Michaels CEO Ashley Buchanan
Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down...
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