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Target To Lower Prices On 5,000 Items: Here's Where You Can Expect To See Savings Target To Lower Prices On 5,000 Items: Here's Where You Can Expect To See Savings
Target To Lower Prices On 5,000 Items: Here's Where You Can Expect To See Savings Target announced that it would lower prices on 5,000 "frequently shopped" items in its stores nationwide, the company said in a press release.  Those items include milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper towels, pet food, and more, the chain said in a Monday, May 20, news release. The new prices will be rolled out throughout the summer.  "We know consumers are feeling pressured to make the most of their budget, and Target is here to help them save more," said Rick Gomez, Target's executive vice president and c…

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by Josh Lanier
Business
Red Lobster Files For Bankruptcy After Abruptly Closing Dozens Of Restaurants Red Lobster Files For Bankruptcy After Abruptly Closing Dozens Of Restaurants
Red Lobster Files For Bankruptcy After Abruptly Closing Dozens Of Restaurants Red Lobster has filed for bankruptcy just days after closing dozens of its restaurants. In its bankruptcy petition filed on Sunday, May 19, the company listed assets of $1 billion and liabilities of $10 billion. The filing stated that the company "intends to use the proceedings to drive operational improvements, simplify the business through a reduction in locations, and pursue a sale of substantially all of its assets as a going concern." The company said restaurants not listed as "temporarily closed" on its website will remain "open and operating as usual during the Chapter 11 process."…

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by Joe Lombardi
Business
'Bittersweet': Popular Quincy Diner To Close This Summer After Legal Battle 'Bittersweet': Popular Quincy Diner To Close This Summer After Legal Battle
'Bittersweet': Popular Quincy Diner To Close This Summer After Legal Battle A popular Quincy diner that has been a South Shore staple for years announced this week that it will close this summer rather than continue to fight with its new landlords.  The Wheelhouse Diner posted a lengthy message on its Facebook page on Wednesday, May 15, explaining that the 453 Hancock Street restaurant would close on June 30.  Owner LeeAnn Vieira McDonough called the decision to close "bittersweet," but said she plans to go "out with a bang." I love the Wheelhouse. My children grew up here and now work with me. I have watched other people’s children grow up here. I have …

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by Josh Lanier