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…
Here's How Much, When Minimum Wage Will Increase In Virginia Here's How Much, When Minimum Wage Will Increase In Virginia
Here's How Much, When Minimum Wage Will Increase In Virginia Virginia workers, can start getting ready for a small, but not insignificant pay bump in the new year. The state’s hourly minimum wage will increase to $12.41 starting Monday, Jan. 1, 2025, giving workers an extra 41 cents per hour.  "The new rate was calculated under the Virginia Minimum Wage Act, which mandates an annual adjustment based on the Consumer Price Index for All Urban Consumers (CPI-U). "This measure, published by the US Bureau of Labor Statistics, tracks changes in the cost of goods and services, and for 2023, the CPI-U rose by 3.4 percent," Virginia Department of L…
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…