Fair with Haze 61°
Tag:

Bloomberg

Business
Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon
Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon Famous tween retailer Claire's is declaring bankruptcy as the popular mall chain struggles with debt, shrinking traffic, and trendy competition. Claire's is filing for bankruptcy in Delaware and Canadian courts, the company said in a news release on Wednesday, Aug. 6. The retailer known for children's jewelry and piercings is in a race to pay off a nearly $500 million loan by December 2026, Bloomberg reported. The move will allow Claire's to begin selling off assets while continuing talks with potential buyers, according to CEO Chris Cramer. "This decision is difficult, but …

SHARE

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…

SHARE

by Jillian Pikora
Business
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Job growth in the private sector slowed to its weakest pace in seven months, as hiring lags amid economic uncertainty and rising trade tensions, according to new data. Private employers added just 77,000 jobs in February, the ADP said in its National Employment Report released on Wednesday, Mar. 5. That number marks the smallest job growth since July 2024 and was down sharply from January's revised total of 186,000. February's data is the latest in a wave of troubling economic indicators during the first two months of President Donald Trump's return to office. "Policy uncertainty…

SHARE

by Chris Spiker