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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
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
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
Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy
Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy A major retailer primarily located in malls and headquartered in Pennsylvania is set to close all 543 of its stores following its third Chapter 11 bankruptcy filing. Closures for all rue21 locations are expected to be completed within the next two months with going-out-of-business sales coming soon. The company, headquartered in Pennsylvania outside Pittsburgh, had first filed for bankruptcy in 2003, and then for a second time in 2017, when it closed around 400 stores. Founded in 1970, rue21 specializes in women's & men's casual apparel and accessories. rue21 has locations in …

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by Joe Lombardi & Cecilia Levine
Business
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's To Close 150 Stores, Prioritize Luxury Brands
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's plans to close about 30 percent of its remaining stores over the next three years. The 150 closures will be at underperforming locations, with 50 planned for this year, the retailer announced on Tuesday, Feb. 27, unveiling what it is calling "A Bold New Chapter" strategy designed to return Macy’s profitability.  "It challenges the status quo to create a more modern Macy’s, Inc.," Tony Spring, chief executive officer of the company said in a statement. "We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, releva…

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by Joe Lombardi