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66°
Wednesday, nov 6
Tag:
Inflation
Business
Big Lots To Close Three Maryland Stores
Discount retail chain Big Lots is planning to close dozens of stores this year, according to a filing with the Securities and Exchange Commission (SEC). The retailer, which operates more than 1,400 stores nationwide - including 27 in Maryland - is planning to shutter the doors of approximately 40 locations. The company cited rising costs and inflation as reasons for the move, and a bankruptcy filing could reportedly be on the way. None of Virginia's 42 Big Lots stores are among those listed. In Maryland, stores in Reisterstown, Laurel, and Lexington Park are reportedly among the doz…
Lifestyle
Maryland Motorists To See Prices At The Pump Rise When Tax Hike Takes Effect
There will be no relief at the pump for Maryland motorists as top lawmakers shot down proposals for a second gas tax holiday. With gas prices reaching record highs across the nation in recent weeks, Maryland is still planning to enact its annual gas tax on Friday, July 1, causing more consternation for drivers already feeling the financial hit in their wallets. The scheduled increase will raise the gasoline tax from approximately 36 cents per gallon to nearly 43 cents per gallon, an 18 percent increase. When the tax takes effect, motorists can expect to see rises in prices of at least sev…