Crushing debt and the pandemic are putting retailers out of business
July 6, 2020
Retailers who faced high debt payments prior to the outbreak of the novel coronavirus were put in even tougher spots when they were forced to close stores to protect customers and workers. Many have already announced store closures, and many more are expected to follow suit. Retailers are expected to close doors on nearly 9,300 locations for good this year.
Recent News
Sweetgreen Introduces Steak to the Menu
Sweetgreen, known for its signature salad bowls, has introduced steak to its menu for the first time, marking a significant change for the brand.
Disney Struggles With Streaming Profitability
Disney’s recent financial report reveals a mixed bag of results, with a significant focus on the challenges of making its streaming services profitable.
Starbucks Releases Summer Menu Selections
As summer dawns, Starbucks has unveiled its seasonal lineup, featuring the debut of the Summer-Berry Starbucks Refreshers beverages, available beginning May 7 in the U.S.
Live Nation Addresses Unlikely Breakup Amid Looming DOJ Lawsuit
In a recent discourse addressing the specter of a Department of Justice (DOJ) lawsuit, Live Nation’s chief financial officer and president, Joe Berchtold, offered insights into the impending legal predicament.