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Inflation

Big Lots Reaches Deal To Keep Hundreds Of Stores Open Big Lots Reaches Deal To Keep Hundreds Of Stores Open
Big Lots Reaches Deal To Keep Hundreds Of Stores Open Big Lots has announced a major development following its September bankruptcy filing. The discount retail chain says it's entered a strategic agreement with Gordon Brothers Retail Partners and Variety Wholesalers to preserve the brand, save thousands of jobs, and keep hundreds of stores open. Variety Wholesalers, known for its portfolio of retail brands, plans to acquire between 200 and 400 Big Lots locations, along with up to two distribution centers. There are about 1,400 Big Lots stores nationwide. The transition ensures Big Lots can transfer key assets and maintain continuity of its br…
Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items
Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items Shoplifting in the US is a costly epidemic, with retailers losing over $120 billion last year. The trend focuses on easily concealed, high-demand products at major retailers like Walmart and Target, posing a nationwide challenge for store owners and law enforcement. Electronics, health and beauty products, and food items are among the most commonly stolen goods, Capital One Shopping reports.  Small gadgets such as headphones and phone chargers, alongside over-the-counter medications and cosmetics, are frequent targets.  Alcohol, baby formula, and packaged meats are also popular …
$1 Billion+ Contract Awarded To Replace AirTrain System At Newark Airport $1 Billion+ Contract Awarded To Replace AirTrain System At Newark Airport
$1 Billion+ Contract Awarded To Replace AirTrain System At Newark Airport The Port Authority announce it had awarded a $1.184 billion design-build contract for a new elevated rail structure and three new stations to replace the existing AirTrain system at Newark Liberty International Airport. The contract was awarded to Tutor Perini/O&G. The agency has now completed 80% of the procurement process needed to deliver a new modern, reliable AirTrain to replace the current one, which the Port Authority called "outmoded."  The existing AirTrain Newark opened for service in 1996 and has become outdated and unable to accommodate growing air travel demand at…
Congestion Pricing: Murphy Opposes Hochul's Program Charging Drivers $9 In Parts Of Manhattan Congestion Pricing: Murphy Opposes Hochul's Program Charging Drivers $9 In Parts Of Manhattan
Congestion Pricing: Murphy Opposes Hochul's Program Charging Drivers $9 In Parts Of Manhattan New Jersey Governor Phil Murphy is pushing back against New York’s plan to revive the congestion pricing plan, expressing concerns about the impact on New Jersey commuters who regularly travel into Manhattan.  Governor Kathy Hochul's plan, which reduces daily congestion fees to $9 down from $15, aims to reduce traffic and fund transit improvements, but Murphy argues it unfairly targets New Jersey residents.  The plan would require motorists to face $9 tolls when entering certain parts of Manhattan known as the Congestion Relief Zone. The zone is comprised of Lower Manhattan south …
Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion
Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion In a fundraising blitz, President Joe Biden's campaign for re-election has raised $33 million since last Thursday's debate, the bulk of that in New Jersey and New York, a spokesman said on Monday, July 1. That total includes "grassroots" money from small donors, a campaign aide said. Biden, 81, a Democrat, is being challenged by former President Donald Trump, 78, a Republican. Biden attended two fund-raising events in East Hampton, NY, on Saturday afternoon followed by a Saturday evening fund-raiser hosted by New Jersey Gov. Phil Murphy and his wife, Tammy, in Middletown. “I didn’t have a…
PSE&G Proposes Lowering Gas Bills PSE&G Proposes Lowering Gas Bills
PSE&G Proposes Lowering Gas Bills PSE&G customers could be getting some relief in their bills. PSEG filed proposals with the New Jersey Board of Public Utilities to lower gas bills for residential customers by 6.1% effective October. “This is an opportunity to lower our gas supply rate, providing our customers with a little bill relief and helping to maintain affordability,” said Dave Johnson, vice president Customer Care & Chief Customer Officer. “We’re pleased that we will continue to have one of the lowest gas rates in the state.” If approved, the Basic Gas Supply Service (BGSS) rate will be reduced by almost 7 …