marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
retailers
11/03/2023
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By Laura Harris
CVS pharmacies in Washington, D.C. display framed photographs of products and keep real ones in locked cages to combat rampant shoplifting
Two CVS pharmacies in Washington, DC, have been forced to create unconventional solutions to combat rampant shoplifting. CVS Pharmacy at the H Street Northeast location is now using framed photographs of toilet papers and kitchen towels to stand in place of the real products. Customers must also press a button to request that staff retrieve the items from […]
11/02/2023
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By News Editors
The new normal is coming to a store near you – products locked behind plexiglass, and a 40-minute wait to buy toothpaste
Would you spend the better part of an hour at a store waiting for an employee to come unlock the glass barrier between you and your favorite brand of toothpaste? Toothbrush? Vitamins? Let’s me ask another question instead of naming individual products. (Article by Susan Duclos republished from AllNewsPipeline.com) What product from Walgreens, Walmart, Target or your […]
09/14/2023
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By Richard Brown
Another one bites the dust: Major car dealership files for bankruptcy, fires all employees
Carlos Lopez traveled from Tampa to Orlando to purchase a car only to be told that Florida-based dealership chain Off Lease Only has closed down and filed for bankruptcy. “The salesman that I was meeting with called me and told me, ‘Hey, I have bad news. The company just went out of business. We’re all […]
07/10/2023
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By Arsenio Toledo
BANKRUPTCY BOOM: U.S. saw 70 major bankruptcies in just 4 months, the third worst start of year since 2000
The United States had at least 70 major bankruptcies in the first four months of the year. This major bankruptcy rate is the third worst start to the year since 2000, surpassed only in 2009 during the height of the Great Recession and in 2020 during the upheaval caused by economic lockdowns. In 2009, from […]
07/06/2023
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By Arsenio Toledo
Target to spend $5 billion on its stores to prevent them from shutting down
Big box retailer Target is spending $5 billion on its stores nationwide as part of a wider strategy to keep them profitable and prevent them from shutting down. The investment is a response to new and old issues faced by the company as well as other big box retailers, including the rise in online shopping, […]
06/07/2023
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By Cassie B.
Macy’s and other major retailers say slower sales indicate major problems for American economy
Major retailers are sounding alarm bells over the current state of the economy in light of shifting customer demand at their stores as they struggle to find new ways to remain profitable. Big chains like the department store Macy’s and warehouse club Costco report that shoppers are changing their purchases and spending less money on […]
05/23/2023
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By Arsenio Toledo
Walmart to offer pet telehealth services as US pet industry booms
In a bid to venture into the world of pet medicine, Walmart announced on Monday, May 22, that it has signed a deal with pet telehealth provider Pawp to offer access to veterinary telehealth services. Walmart’s deal with Pawp will provide access to the veterinary health startup’s veterinary consultation services via video or text without an […]
05/18/2023
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By Arsenio Toledo
Target on pace to lose $1.2 billion in profits over a two-year period due to organized retail crime (which is only getting worse)
Organized retail crime is expected to cost major retailer Target up to $500 million in lost profits this year due to inventory shrinkage, or theft of merchandise. Factoring in the approximately $750 million in profits Target lost last year from inventory shrinkage, the company is on pace to see $1.2 billion in profits go up in […]
04/20/2023
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By Ramon Tomey
Big-box stores closing down due to rising RETAIL THEFT
Several big-box retailers – including Walmart and Target – have closed down their stores due to an uptick in crimes at their establishments. Most of the branches that have shuttered for good are located in so-called blue cities controlled by the Democrats. Walmart led the charge by closing as many as four stores in Chicago. […]
03/28/2023
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By Ethan Huff
Retailers, businesses continue to flee Portland due to rampant violence, theft and lawlessness
Just weeks after the last Walmart store closed up shop in Portland, Cracker Barrel decided to do the same thing. Cracker Barrel had already closed some stores throughout the area when it announced, just like Walmart did, that all remaining stores will be shuttered in the coming days. A company spokesperson cited the “pandemic,” referring […]
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