Rite Aid announces closure of all stores in America
Reading Time: < 1 minuteAmerican drug store chain Rite Aid is no more. The Lowdown After several turbulent recent months, drugstore chain Rite Aid…
Tag: Business
No Klarna is not shutting down (at least for now) but the BNPL app is knee deep in trouble
Reading Time: < 1 minuteSwedish company Klarna is in financial straits and it is unclear if the company will emerge victorious from them. According…
Chipotle has *not* filed for bankruptcy despite online reports
Reading Time: < 1 minuteRestaurant chain Chipotle would like its customers to know that the chain is safe. According to reports, despite online rumors,…
Dollar Tree will sell Family Dollar to pair of private equity firms
Reading Time: < 1 minuteJust shy of a decade after acquiring Family Dollar in a $8b transaction, Dollar Tree is now shedding the chain…
Grotesquely Obscene: New Starbucks CEO (who joined the company 4 months ago) has already taken home $96m
Reading Time: < 1 minuteStarbucks is paying its new guy an astronomical amount of money while its workers get pennies
India’s Oyo International to buy Motel 6 in U.S
Reading Time: < 1 minuteAccording to reports, Motel 6 is changing hands in an all cash deal. The Lowdown The NYT reports that India’s…
Red Lobster, once a prominent player in the U.S. dining industry, has closed numerous locations and is approaching bankruptcy due to years of mismanagement and a particular shrimp deal
Reading Time: < 1 minute‘Seafood’ restaurant chain Red Lobster is nearing bankruptcy after more than 56 years in business
Mcdonald’s is preparing to introduce a $5 value meal: Report
Reading Time: < 1 minuteMcdonald’s is toying with a $5 value meal
Report: Red Lobster is flirting with the idea of Chapter 11 bankruptcy after endless shrimp deal caused people to clean them out
Reading Time: < 1 minuteRed Lobster appears to have learned the hard way that people really really like shrimp. According to reports, just a…
Closing down: Online retailer Zulily shocks customers announces it will close after struggling to compete with Amazon and internal struggles mounted
Reading Time: < 1 minuteOnline retailer Zulily has abruptly announced that it will shutter after struggling to compete with Amazon and other financial struggles…
Uber, Grubhub, Doordash must now pay New York City workers at least $18 h/r after judge rules they have no standing to have new law thrown out
Reading Time: 2 minutesUber, Grubhub, and Doordash have been unsuccessful in their attempts to keep cheating people out of their money. This week…