Tag:

Inflation

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…
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 …
Election 2024: Ryan Mackenzie Wins PA's 7th US Congressional District Election 2024: Ryan Mackenzie Wins PA's 7th US Congressional District
Election 2024: Ryan Mackenzie Wins PA's 7th US Congressional District Election Day 2024 is in the books, and Pennsylvanians have chosen their next representatives in Congress, with the race in the 7th Congressional District decided after the incumbent conceded. In the commonwealth’s 7th congressional district race, Ryan Mackenzie defeated Susan Wild for the House seat representing Carbon, Lehigh, and Northampton counties, and portions of Monroe County. Mackenzie was leading his democratic party opponent by a margin of 50.7% to 49.3%, with 99% of the vote as of 9:30 a.m., Wednesday, Nov. 6, according to the PA Department of State. Wild conceded at 8:52 a.m. …
Election 2024: Winner Projected For PA's 4th US Congressional District Election 2024: Winner Projected For PA's 4th US Congressional District
Election 2024: Winner Projected For PA's 4th US Congressional District Election Day 2024 is in the books, and Pennsylvanians have chosen their next representatives in Congress, according to multiple outlets' projections based on unofficial results. In the commonwealth’s 4th congressional district race, Madeleine Dean defeated David Winkler for the House seat representing Berks and Mongomery counties, the AP projects. The incumbent was leading her opponent by a margin of 58.5% to 41.3%, with 89% of the vote as of 3 a.m., Wednesday, Nov. 6, according to the PA Department of State.  The 65-year-old has represented the district since 2019, after having …
Big Lots To Close 4 More Pennsylvania Stores Big Lots To Close 4 More Pennsylvania Stores
Big Lots To Close 4 More Pennsylvania Stores It's more bad news for discount retailer Big Lots.  The national chain previously announced plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC), but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in Pennsylvania. In an updated term sheet Big Lots filed with the SEC on Friday, Aug. 2, the company detailed that it would need to close 20 percent of its 1,392 stores — about 290 in all  Big Lots has 73 stores located in the Keystone State.  The company cited…