To borrow from Nobel Prize-winning economist Milton Friedman, few things are as lasting as a temporary government building. That was driven home this week when the General Services Administration announced it had finalized plans to dispose of the Liberty Loan Federal Building, which when it was completed in 1919 was billed as a “temporary structure” […]
Dollar Tree can’t keep up with Bidenflation, changing consumer habits, and competition from other discount retailers — and will close nearly 1,000 of its Family Dollar locations around the country. The company announced the move this week following disappointing quarterly results. Reuters reported Wednesday that the discount chain has […]
NEW YORK — Macy’s will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales. As part of the strategy, Macy’s aims to upgrade its remaining 350 stores, with plans to add more salespeople to fitting areas […]
The hits keep coming for online media sites. Last year Buzzfeed News announced it was shutting down for good (though the listicles are still there). Just a few weeks later we learned that Vice News was headed for bankruptcy. It was eventually acquired at a discount price by a group of investment firms. Vice Media, […]
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