The Cracker Barrel Old Country Store restaurant chain isn’t doing well. The company’s stock prices are at their lowest in over a decade, and the chain’s 660 stores have lost 16 percent of their customers over the past four years. Cracker Barrel’s stock price at Friday’s market closing was $45.62, some 20 percent lower than […]
The Cracker Barrel Old Country Store restaurant chain isn’t doing well. The company’s stock prices are at their lowest in over a decade, and the chain’s 660 stores have lost 16 percent of their customers over the past four years. Cracker Barrel’s stock price at Friday’s market closing was $45.62, some 20 percent lower than […]
Following the unexpected closure of dozens of locations last week, Red Lobster completely expectedly filed for bankruptcy protection this week — and how the seafood chain ended up in Chapter 11 restructuring is a fascinating story of bad decisions, spastic leadership, and shortsighted greed. It’s that last element that really tells the tale. […]
Ford’s attempt to electrify its revenue through electric vehicle production has been a swing and a miss. In response to the decreasing market for EVs, Ford has begun cutting orders from its battery supplies, according to Bloomberg. Even though this changeup will be beneficial in the long run, Ford will not come out of its […]
The CEO of Hims, a telehealth and online pharmacy, is backtracking on a controversial tweet he published last week. Andrew Dudum found out the hard way that is it best for CEOs, especially those of publicly traded companies, to keep their personal opinions to themselves. He tweeted that he is “eager” to hire pro-Hamas protesters. […]
California’s new $20 minimum wage law has forced popular chain Mod Pizza to abruptly close at least five locations in the Golden State and 27 locations nationwide. Mod Pizza, known as “the Chipotle of pizza,” shuttered its location in Clovis, near Fresno, two weeks ago, according to the New York Post. Fifteen employees were let […]
Stephen Scherr, chief executive officer of Hertz Global Holdings Inc. and a member of its board of directors, will step down on March 31, following the car rental company’s largest quarterly loss since 2020 after a risky bet on electric vehicles. According to Fox Business, Scherr is working with Gil West, former chief operating officer […]
Another day, another headline about serious safety issues at the once-great aircraft company called Boeing. There’s a much bigger story here, but I’ll get to that momentarily. First, though, Reuters reported earlier this week that the D.C.-area-based aircraft manufacturer has withdrawn its bid for a safety exemption on its […]
Oil companies can never totally appease the environmentalists, but that doesn’t stop them from trying — even if those attempts yield disastrous results. According to a report from the Wall Street Journal, U.S. oil drillers are attempting to go electric, but they keep running into significant problems. Namely, they keep running out of electricity. While […]
Texas-based gas station and convenience store chain Buc-ee’s might be coming to Arizona. The company announced its intention to open its first Arizona store in Goodyear, according to KSAZ-TV. Although the city’s planning and zoning commission already approved the re-zoning of 71 acres by Interstate 10 and Bullard Avenue, which would presumably accommodate the facility, […]
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