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Economic Factors

Lifestyle
Why Are Americans Dining Out Less? A Closer Look At Changing Habits Why Are Americans Dining Out Less? A Closer Look At Changing Habits
Why Are Americans Dining Out Less? A Closer Look At Changing Habits Rising costs and shifting priorities are reshaping how Americans approach dining out.  Reports reveal a notable decline in restaurant visits, particularly among middle-class families and younger generations. Here are key factor driving the decline: Rising Menu Prices: Inflation has notably driven up the cost of dining out significantly. According to Yahoo Finance’s “6 Reasons the Middle Class Can’t Afford To Dine Out Anymore,” soaring food prices have left many consumers rethinking their restaurant habits. Economic Pressures: Broader inflationary trends are squeezing househo…

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by Joe Lombardi
Business
Big Lots To Close Hundreds More Stores, Including Several In Massachusetts Big Lots To Close Hundreds More Stores, Including Several In Massachusetts
Big Lots To Close Hundreds More Stores, Including Several In Massachusetts It's more bad news for discount retailer Big Lots. The nationwide chain announced in June that it would close 40 stores following dismal sales and rising costs, but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in the Northeast.  Big Lots announced in a US Securities and Exchange Commission filing on Friday, Aug. 2, that under an updated term sheet, the company would need to close 20 percent of its 1,392 stores — about 290 in all.  Here are some of the local closures. Connecticut — Eight stores Manchester — 1…

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by Josh Lanier
Schools
Families Scramble After Rockland Country Day School Announces Closure After 60 Years Families Scramble After Rockland Country Day School Announces Closure After 60 Years
Families Scramble After Rockland Country Day School Announces Closure After 60 Years A simple letter to students and parents sent a ripple of disbelief through the community with news that the Rockland Country Day School is closing its doors at the end of August after 60 years of serving the community. Jocelyn Feuerstein, head of school, said about 75 students and many staff members would be affected by the closure of the private pre-K to 12th-grade school. Feuerstein said that economic factors, especially, the lack of success in fundraising and funding efforts, led to the decision to close the doors. "Despite the efforts, we have made over the last several years, and…

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by Kathy Reakes