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'Grinch Economy' Stealing Holiday Cheer From Most Americans, Survey Finds: Here's Why 'Grinch Economy' Stealing Holiday Cheer From Most Americans, Survey Finds: Here's Why
'Grinch Economy' Stealing Holiday Cheer From Most Americans, Survey Finds: Here's Why Most Americans are expecting the holiday season to feel a little less bright as economic conditions worsen for many families, according to a new survey. WalletHub released its 2025 Holiday Shopping Survey on Tuesday, Nov. 11. The personal finance website found that 65% of Americans say the "Grinch Economy" will make the holiday season "less fun." The survey showed that Americans are concerned about rising prices, President Donald Trump's tariffs, and shrinking paychecks. "People across the country are getting into the holiday spirit right now, just like clockwork, but the festive…

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by Chris Spiker
Business
Market Basket Fires CEO Arthur T. Demoulas After Bitter Battle; What's Next For Grocery Chain? Market Basket Fires CEO Arthur T. Demoulas After Bitter Battle; What's Next For Grocery Chain?
Market Basket Fires CEO Arthur T. Demoulas After Bitter Battle; What's Next For Grocery Chain? Market Basket’s board has voted to remove CEO Arthur T. Demoulas, setting off another fight over the future of the New England grocery chain. The board accused Demoulas of acting in his own interest. In a complaint filed in Delaware court obtained by NBC, directors wrote: "Mr. Demoulas' conduct has been at all relevant times contrary to the best interests of Market Basket and all its constituents, and is directly only at preserving his own power. That is not how the leader — the President and CEO — of an iconic company like Market Basket is supposed to or required to act." Demoulas is pushi…

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by Josh Lanier
Business
Bed Bath & Beyond Returns: First New Store Opens, Dozens Planned In Comeback Bed Bath & Beyond Returns: First New Store Opens, Dozens Planned In Comeback
Bed Bath & Beyond Returns: First New Store Opens, Dozens Planned In Comeback Bed Bath & Beyond is officially making its comeback, opening its first physical store since the last location shuttered more than two years ago. The new store, called Bed Bath & Beyond Home, opened in Brentwood, Tennessee, on Friday, Aug. 8. The Brand House Collective is planning to start with six locations in the greater Nashville area. The launch marks the first phase of a broader rollout that could see about 75 stores open by the end of 2026. Brand House was previously named Kirkland's until shareholders approved the company's name change in late July. T…

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by Chris Spiker
Business
Target Reportedly Ends Popular Price-Matching Perk Amid Slumping Sales Target Reportedly Ends Popular Price-Matching Perk Amid Slumping Sales
Target Reportedly Ends Popular Price-Matching Perk Amid Slumping Sales Target is ending its perk that matches competitors' prices as the retail giant struggles throughout 2025, according to reports. The price-matching program for deals on Amazon, Walmart, and other online retailers will end on Monday, July 28, Retail Dive reported. Target will only match its own prices up to 14 days after a purchase, either through cheaper prices online or if an item is discounted. A spokesperson said the decision comes after the chain found that shoppers "overwhelmingly price match Target and not other retailers." "We're always working to deliver consumers outstanding value …

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by Chris Spiker
Business
Dollar Tree Completes Family Dollar Sale For $1B Amid Discount Chain's Struggles Dollar Tree Completes Family Dollar Sale For $1B Amid Discount Chain's Struggles
Dollar Tree Completes Family Dollar Sale For $1B Amid Discount Chain's Struggles Dollar Tree has finalized the sale of its struggling Family Dollar chain to two investment firms for a little more than $1 billion. Brigade Capital Management and Macellum Capital Management have completed their $1.007 billion cash purchase of Chesapeake, Virginia-based Family Dollar. The deal was first revealed in March and Dollar Tree announced the sale's completion in a news release on Tuesday, July 8. Dollar Tree said it expects to receive about $800 million after taxes and other adjustments, including $665 million paid at closing. "The completion of this transaction marks a defining m…

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by Chris Spiker
Business
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing Stores Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing Stores
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing Stores A popular home goods retailer is declaring bankruptcy, citing President Donald Trump’s sweeping tariffs and a significant drop in consumer spending. At Home has filed for Chapter 11 bankruptcy, the Dallas-area company announced on Monday, June 16. The retailer said it reached a deal with lenders to eliminate nearly $2 billion in debt and receive a $200 million capital infusion. The move will allow At Home to continue operating during the court-supervised restructuring process. "We are continuing to offer the home furnishing pairings that customers expect to find at our store…

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by Chris Spiker
Business
Dick's Sporting Goods Buying Foot Locker In $2.5B Deal: Here's Why Dick's Sporting Goods Buying Foot Locker In $2.5B Deal: Here's Why
Dick's Sporting Goods Buying Foot Locker In $2.5B Deal: Here's Why Dick's Sporting Goods is buying Foot Locker in a $2.5 billion deal, as the major sports brands try to cash in on Nike partnerships and sneaker culture. Dick's and Foot Locker announced the acquisition in a joint news release on Thursday, May 15. The deal will allow the Western Pennsylvania-based Dick's to have its first international presence, since the athletics apparel chain only has stores in the US. Foot Locker runs 2,400 stores in 20 countries, including brands like Champs Sports and atmos. "We believe there is meaningful opportunity for growth ahead," said Dick's executive chair…

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by Chris Spiker
Business
New Stance On Tariffs By One Of America's Biggest Grocery Store Owners Could Protect Prices New Stance On Tariffs By One Of America's Biggest Grocery Store Owners Could Protect Prices
New Stance On Tariffs By One Of America's Biggest Grocery Store Owners Could Protect Prices Albertsons Companies is warning its suppliers: don't expect to pass tariff costs on to us, and definitely don't think we'll pass them on to our shoppers. In a letter sent to suppliers in March 2025, Albertsons told vendors that, with few exceptions, it "is not accepting cost increases due to tariffs," according to reporting by BoiseDev. The grocery giant further advised that any tariff-related surcharges added to invoices without prior approval could cause disputes and payment delays. Supermarket News and Grocery Nerd confirmed that suppliers seeking an exception must submit a detailed…

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by Jillian Pikora
Business
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say
Price Hikes Likely At Best Buy, Target As Trade Wars Escalate, CEOs Say Shoppers at Best Buy and Target should prepare for higher prices as new tariffs on imports from Mexico, Canada, and China disrupt supply chains, according to the companies' CEOs. The heads of the retail giants sent out warnings about likely price hikes for everything from fresh produce to expensive electronics. On Tuesday, Mar. 4, President Donald Trump officially enacted 25 percent tariffs on goods from Mexico and Canada, along with raising tariffs on Chinese imports to 20 percent. Best Buy CEO Corie Barry said the chain heavily relies on China and Mexico as its top two…

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by Chris Spiker
Business
Walmart To Lay Off, Relocate Over 800 Workers, Report Says Walmart To Lay Off, Relocate Over 800 Workers, Report Says
Walmart To Lay Off, Relocate Over 800 Workers, Report Says Over 800 employees across three Walmart regional facilities may face layoffs, according to a new report.  The affected locations include Hoboken, New Jersey, with 481 employees; Charlotte, North Carolina, with 267; and San Bruno, California, with 79, according to Supermarket News, which said some of the workers may choose to relocate in the weeks ahead. While the offices in Hoboken and San Bruno will remain open, the Charlotte office is set to close, the outlet reported. The Worker Adjustment and Retraining Notification (WARN) notices filed with state labor departments in New Jersey, …

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by Joe Lombardi
Business
Major Grocers Putting Limits On Egg Carton Purchases Major Grocers Putting Limits On Egg Carton Purchases
Major Grocers Putting Limits On Egg Carton Purchases Egg shortages are hitting grocery stores nationwide, prompting retailers to impose limits on how many cartons customers can buy. Major chains, including Trader Joe’s, Costco, and Whole Foods, have restricted egg purchases as supply chain disruptions and an ongoing avian flu outbreak send prices soaring.  Some locations are limiting customers to one or two dozen eggs per visit in an effort to prevent stockpiling and ensure availability for more shoppers. What’s Behind Egg Shortages? The latest bird flu outbreak has severely impacted egg production, with millions of chickens culled to …

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by Joe Lombardi
Business
18K+ Costco Workers Approve Strike Over Wholesaler's 'Greed': 'We Are The Backbone' 18K+ Costco Workers Approve Strike Over Wholesaler's 'Greed': 'We Are The Backbone'
18K+ Costco Workers Approve Strike Over Wholesaler's 'Greed': 'We Are The Backbone' Workers at America's largest wholesale retailer may soon go on strike as the corporation has seen profits skyrocket in recent years, union officials said. Costco workers nationwide voted by an overwhelming 85-percent margin to authorize a strike, the International Brotherhood of Teamsters said in a news release on Monday, Jan. 20. The Teamsters cited the retail giant's dramatic surge in net profits and refusal to offer a fair contract. More than 18,000 union-member employees are set to strike if a new agreement isn't reached by the time the current one expires on Friday, Jan.…

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by Chris Spiker
Business
Goodbye, Ruby Tuesday: Restaurant Pulls Out Of CT Mall Leaving 2 Locations In State: Report Goodbye, Ruby Tuesday: Restaurant Pulls Out Of CT Mall Leaving 2 Locations In State: Report
Goodbye, Ruby Tuesday: Restaurant Pulls Out Of CT Mall Leaving 2 Locations In State: Report The Rolling Stones called it 58 years early.   Ruby Tuesday is pulling up stakes from the Meriden Mall, leaving just two locations for the casual dining chain in Connection, CT Insider reported on Friday, Jan. 10.  Per the report, the restaurant closed on Tuesday and has been removing equipment from the building. This marks the latest major chain to pull out of Meriden Mall, including Dick's Sporting Goods, Charlotte Russe, Forever 21, and Ramani's Clothiers among others.  A call to Meriden Mall's leasing offices was not immediately returned.  The two remaini…

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by Josh Lanier
Business
400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program 400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program
400+ REI Employees Laid Off, Outdoor Retailer Ends Adventure Travel Program More than 400 employees will lose their jobs as REI closes its Experiences program, ending the adventure travel and outdoor education programs that have been part of the retailer’s identity for 40 years. REI announced the shutdown of its Experiences division in a news release on Wednesday, Jan. 8. The decision will result in 438 layoffs for 180 full-time employees and 248 part-time guides as the company shifts focus to its core business. The retail chain cited ongoing financial challenges as the reason for ending the program. Experiences included adventure travel, day to…

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by Chris Spiker
Business
Last Full-Size Kmart Store In US Set To Close: Here's Where, When Last Full-Size Kmart Store In US Set To Close: Here's Where, When
Last Full-Size Kmart Store In US Set To Close: Here's Where, When The nation's last remaining full-size Kmart discount department store is just weeks away from permanently closing, according to a new report. The New York store, located on Long Island, will close on Sunday, Oct. 20, a store employee told NBC affiliate WJAR in Providence on Sunday, Sept. 22. The store is in Bridgehampton on Montauk Highway (Route 27). A smaller format store in Miami, Florida remains open, the report said. Kmart operated around 2,500 stores at its peak in the early 90s, according to government filings. It merged with Sears in 2005. Earlier remaining full-size Kmart stores…

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by Joe Lombardi
Business
New Update: Stop & Shop Announces 32 Store Closings, Including 5 In CT New Update: Stop & Shop Announces 32 Store Closings, Including 5 In CT
New Update: Stop & Shop Announces 32 Store Closings, Including 5 In CT This story has been updated. Stop & Shop announced they plan to close 32 underperforming stores, including five in Connecticut.  The company said on Friday, July 12, that the closures allowed it to take the next steps in its plans to position the company for growth. Following the closures, Stop & Shop will continue to have a strong presence across its five-state footprint, with more than 350 stores. The impacted stores include:  100 Division St., Ansonia, New Haven County 855 Bridgeport Ave., Milford (1360 East Town Road, Milford will remain open), New Haven County 21…

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by Kathy Reakes
News
Dollar Tree Sold Lead-Infused Applesauce Pouches For Weeks After Recall, FDA Says Dollar Tree Sold Lead-Infused Applesauce Pouches For Weeks After Recall, FDA Says
Dollar Tree Sold Lead-Infused Applesauce Pouches For Weeks After Recall, FDA Says Despite a recall notice and multiple warnings from the Food and Drug Administration, Dollar Tree continued to sell applesauce pouches containing lead for weeks, federal officials say. The popular retail chain was issued a letter from the FDA this month regarding the WanaBana fruit puree pouches, distributed by Negasmart. "As described below, laboratory analysis of multiple lots of WanaBana Apple Cinnamon Fruit Puree pouches, including finished product samples collected from Dollar Tree stores, detected extremely high concentrations of lead," the letter reads.  "... you conti…

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by Cecilia Levine
Business
Stop & Shop To Close Underperforming Stores In Northeast Stop & Shop To Close Underperforming Stores In Northeast
Stop & Shop To Close Underperforming Stores In Northeast The future is grim for Stop & Shop's underperforming stores in the Northeast. The grocery giant — which operates 400 stores across Rhode Island, New Jersey, New York, and Massachusetts (where the company is headquartered) — announced plans to close a number of its underperformers in the interest of company longevity, officials confirmed with Daily Voice. Nearly half of the company's stores have been remodeled, and a Stop & Shop spokesperson said those stores continue to perform well. "We're committed to continuing to invest in our stores - as well in our prices - to deliver a great…

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by Cecilia Levine