Off-price chains adding stores and market share
March 17, 2017
Burlington, Ross Stores and TJX plan to open nearly 300 stores combined this year while J.C. Penney, Macy’s and Sears continue to cut their counts. The new stores being opened by the off-price chains are expected to further increase sales in the sector, which achieved sales growth of 39 percent over the last five years, according to Fung Global Retail & Technology.
Recent News
Waffle House Workers Strike for Fair Pay and Better Working Conditions
Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.
Baltimore Bridge Collapse Could Cost Carnival Cruise Line $10M
Carnival Cruise Line revealed that its 2024 earnings could take up to a $10 million hit due to the Baltimore bridge collapse.
Kwik Trip Discontinues Bagged Milk
Bagged milk, a long-standing staple at Kwik Trip, will soon disappear from its shelves.
New England’s Last Coal Plants to Close by 2028
In an agreement reached with the EPA and environmental groups, the last two coal plants in New Hampshire will cease operations in 2025 and 2028, respectively.