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Saks Global said Friday it was closing 15 more stores as the luxury retailer, which filed for bankruptcy earlier this year, tries to cut losses and focus on more profitable, higher-end locations. The company has largely completed the process of shutting down underperforming stores with Friday’s announcement, but was still working with some landlords to finalize its store count after weak […]
Red Lobster is considering closing more locations as it continues to reevaluate its restaurant footprint in the wake of its 2024 bankruptcy. The seafood chain shuttered roughly 130 restaurants when it went through the bankruptcy process and Red Lobster CEO Damola Adamolekun told The Wall Street Journal in an interview that the company is continuing to review its […]
MIXI Australia appears to be closing in on its takeover of PointsBet with the offer now confirmed as wholly unconditional. MIXI currently holds 36.71% of voting rights in the Australian betting company, with the subsidiary of MIXI Inc set to pay AU$1.25 (US$0.82) per share if the transaction goes ahead. The offer period runs through […]
A nearly 30-year-old ride at Walt Disney World’s Magic Kingdom is closing this summer so it can get a new show scene, updated ride vehicles, and gameplay enhancements. Buzz Lightyear’s Space Ranger Spin will close in August and reopen sometime next year, a Walt Disney World executive said Tuesday. “We’re not just, you know, sitting on our […]
Red Robin is the latest in a growing number of fast-food eateries planning to shutter underperforming locations following a spate of financial difficulties. The chain on Wednesday announced it is weighing plans to potentially close 70 locations once their lease expires, as it attempts to turn around its operations. The company has already closed one […]
PepsiCo has announced that it will shut down a Hudson Valley manufacturing facility that makes the PopCorners snack — resulting in nearly 300 people losing their jobs. The decision to close the Liberty, NY, manufacturing facility marks the end of an era for a plant that has been a significant employer in the region for […]
Exclusive: Walmart – the nation’s largest private employer – is eliminating hundreds of roles and closing one of its North Carolina offices as it continues to pull workers back to its main hubs in California and Arkansas, according to an internal memo seen by FOX Business on Tuesday. Walmart Chief People Officer Donna Morris said in the memo […]
