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Soaring Costs Changing Summer Travel: Here's Percentage Of Those In NY Still Planning Vacations Soaring Costs Changing Summer Travel: Here's Percentage Of Those In NY Still Planning Vacations
Soaring Costs Changing Summer Travel: Here's Percentage Of Those In NY Still Planning Vacations Summer may still bring a getaway, but for many Americans, it will look different this year. A survey released Monday, May 11, found that 37 percent of Americans do not plan to travel this summer, according to Talker Research. The survey of 5,000 Americans was commissioned by Current, and conducted by Talker Research. It was split evenly by state and generation. Cost is the biggest reason many people are staying home. Among those not traveling, 52 percent said they cannot afford a trip, 25 percent said they are saving money, and 22 percent said they are paying off debt. Another 21 percent …

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by Joe Lombardi
Business
Sysco Gobbles Up NY-Based Restaurant Depot For $29 Billion, Plans 125 New Locations Sysco Gobbles Up NY-Based Restaurant Depot For $29 Billion, Plans 125 New Locations
Sysco Gobbles Up Ny-based Restaurant Depot For $29 Billion, Plans 125 New Locations Multinational delivery giant Sysco purchased “cash-and-carry” wholesaler Restaurant Depot in a $29.1 billion deal, the companies announced Monday. Queens-based Restaurant Depot will be folded into Sysco’s global operations as part of the deal, with Sysco planning to open more than 125 new Restaurant Depot locations in the next 10 years, according to a press release. The companies already operate in similar parts of the same industry. Sysco sells food and related items in bulk to hotels, restaurants, stadiums, schools, and any place that routinely needs large amounts of something. But while…

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by Joe Wilkinson
Business
Publishers Clearing House Checks Stop For Winners After Bankruptcy Sale: Report Publishers Clearing House Checks Stop For Winners After Bankruptcy Sale: Report
Publishers Clearing House Checks Stop For Winners After Bankruptcy Sale: Report Several longtime Publishers Clearing House winners, including those who relied on their prizes to pay bills, may never see their millions in promised winnings, according to a report. Ten prize winners are among PCH's largest unsecured creditors, according to federal court records obtained by The New York Times. The Jericho, New York-based sweepstakes giant filed for Chapter 11 bankruptcy back in April. PCH reported liabilities between $50 million and $100 million, with assets of just $1 million to $10 million. In July, online casino operator ARB Interactive bought PCH ou…

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by Chris Spiker
Business
Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know
Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know Spirit Airlines has filed for bankruptcy for the second time in less than a year, underscoring the financial crisis facing the nation's largest budget carrier. Spirit announced the Chapter 11 bankruptcy filing in a news release on Friday, Aug. 29. The Dania Beach, Florida-based airline previously emerged from bankruptcy in March, after Spirit shed nearly $800 million in debt and secured $350 million in new equity. The filing came less than three weeks after Spirit executives admitted there is "substantial doubt" about the company's ability to survive another 12 months without…

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by Chris Spiker
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 …

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by Chris Spiker
Business
Gen Z: Future Saving Feels 'Pointless' Amid Economic Strains, New Survey Finds Gen Z: Future Saving Feels 'Pointless' Amid Economic Strains, New Survey Finds
Gen Z: Future Saving Feels 'Pointless' Amid Economic Strains, New Survey Finds Nearly half of Gen Z says saving money for the future seems meaningless, with many choosing to spend now and worry later, even as financial stress rises. A new survey from Intuit Credit Karma found that 49% of Gen Z say planning for the future feels pointless, and many would rather enjoy their money now than worry about saving. Despite rising costs and economic uncertainty, 37% of Gen Z plan to spend more in the summer on dining, travel, and entertainment than in past years. About 48% say they will prioritize experiences over saving, even if it means adding financial strain. "The…

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by Chris Spiker
Business
On The Border Finds Buyer After Tex-Mex Restaurant Chain Declared Bankruptcy On The Border Finds Buyer After Tex-Mex Restaurant Chain Declared Bankruptcy
On The Border Finds Buyer After Tex-Mex Restaurant Chain Declared Bankruptcy A Texas restaurant company is set to buy On The Border Mexican Grill & Cantina after the Tex-Mex chain filed for bankruptcy, closing more than 70 locations – including more than a dozen in the Northeast. Pappas Restaurants won an auction for On The Border, the Houston-based group said in a news release on Wednesday, May 7. The deal needs court approval and is expected to be finalized "in the coming weeks." The price wasn't mentioned in Pappas' announcement. The company previously submitted a $15.9 million stalking horse bid to buy On The Border, FSR Magazine reported in A…

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by Chris Spiker
News
Buy Now, Pay Later Fuels Summer Travel – But Debt Could Follow You Home Buy Now, Pay Later Fuels Summer Travel – But Debt Could Follow You Home
Buy Now, Pay Later Fuels Summer Travel – But Debt Could Follow You Home Plenty of Americans are ready to pack their bags this summer – but some could still be paying for their vacations long after the trip ends. Nearly one in five summer travelers (18%) plan to use buy now, pay later services to cover some of their vacation costs in 2025. The findings were part of NerdWallet's 2025 Summer Travel Report. These short-term installment loans may seem like an easy way to book a trip without a big upfront payment, but financial experts warn they can lead to more debt than many travelers expect. "Americans are determined to travel this summer, but they're gettin…

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by Chris Spiker
Business
Burrito Panic Over: Chipotle Denies Closure Rumors After Bankruptcy False Claim Spreads Burrito Panic Over: Chipotle Denies Closure Rumors After Bankruptcy False Claim Spreads
Burrito Panic Over: Chipotle Denies Closure Rumors After Bankruptcy False Claim Spreads Don't worry, Chipotle fans. Barbacoa burritos aren't going anywhere. Chipotle Mexican Grill has denied social media rumors that claimed the fast-casual restaurant chain is closing locations and filing for bankruptcy. A company spokesperson confirmed Chiptole isn't downsizing in an email to the Daily Voice on Wednesday, Mar. 26. The rumors appear to have started with a story by Madrid-based outlet Unión Rayo, Newsweek reported. The aggregate site from Spain used an image of the Chipotle logo while reporting on the closure of the chain's spinoff, Farmesa Fresh Eatery. The test location …

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by Chris Spiker
News
Can IRS Layoffs Affect Your Tax Refund? Here's What To Know Can IRS Layoffs Affect Your Tax Refund? Here's What To Know
Can IRS Layoffs Affect Your Tax Refund? Here's What To Know With layoffs affecting as many as 6,000 Internal Revenue Service (IRS) workers reportedly underway, anxiety has heightened for Americans eager to receive refunds near the midway point of tax filing season. Approximately 140 million returns are expected to be filed by the Tuesday, April 15 deadline. Last year, around two-thirds of taxpayers received refunds, averaging about $3,100, according to IRS data. The IRS opened the 2025 tax filing season on Monday, Jan. 27.  For many households, a tax refund can be the largest annual payment they receive all year, and it's often used to pay off…

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by Joe Lombardi
Business
Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory
Bob's Stores To Close All Locations After Filing For Bankruptcy; Retailer Liquidating Inventory Bob's Stores, the family apparel and shoe retailer, will close all of its 21 locations throughout the Northeast after the company said it is bankrupt. The stores will remain open through July 14 as the company sells its remaining items at greatly reduced prices. Some things were marked down as much as 70 percent, according to a news release. The company, which filed for Chapter 11 bankruptcy late last month, is $29.4 million in debt, according to the court filing.  Bob's President Dave Barton apologized to the communities affected by the closures.  We regret that our financ…

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by Josh Lanier