When a retailer sells a product people no longer want or need at the same level they once did, it becomes challenging for that retailer to operate. Yes, you can cut expenses and close stores, but if customers aren’t buying, no amount of frugality will keep the doors open. That’s a challenge facing any chain
Rising traffic in the fried chicken dining sector, which rose 3% industrywide in 2025 according to Circana, wasn’t enough to prevent Popeyes franchisee Sailormen’s financial distress and bankruptcy filing in January 2026. Sailormen’s economic issues prompted it to divest of all of its restaurant locations. Bankrupt Popeyes Louisiana Kitchen franchisee Sailormen Inc., which operated 136 fried chicken locations when
At this stage of the year, parents all over the country are opening their wallets and hitting their local big-box stores to stock up on back-to-school items. And many are straining their budgets to do so. A good 45% of parents plan to take on debt to pay for back-to-school shopping this year, according to
With some of the city’s most iconic foods being pizza and the various dishes invented in the original red-sauce joints, Italian food in New York City dates back to the late nineteenth century when waves of immigrants from southern Italy started arriving in Lower Manhattan. Since then, New York’s Italian food scene has gone through
Grocery shoppers have become increasingly selective about where they spend their money. Higher food prices over the past several years have pushed consumers to compare prices more closely. That has created an opening for discount chains. And Aldi appears to be benefiting. The discount grocer has now opened its first store in Midtown Manhattan, bringing
Manufacturing a high-quality beer doesn’t always guarantee success in the craft brewery business. Award-winning craft beer maker Coldwater Mountain Brewpub LLC filed for Chapter 11 bankruptcy to restructure its debts and reorganize its business after over four years of operating. The debtor did not give a reason for filing for bankruptcy n its petition. The
Limited-time-offers (LTOs) bring consumers back to stores they may not have visited in a while and in rare cases, they may get a shopper to go someplace they rarely, or never, visit. In other cases, an LTO simply gets a customer to spend more than they otherwise might have. Starbucks, for example, recently brought back
Apple isn’t just counting on customers to keep buying iPhones. It also expects them to keep paying every month long after they’ve bought one. While Apple built its reputation selling cutting-edge devices, its fastest-growing profit engine has become Services, the business that keeps generating revenue after customers leave the store. Despite its name, Apple’s Services
It’s rare these days for me to feel anything but frantic. I cover AI for a living, after all. But sometimes I just want to let loose, and apparently that means cracking open a can of Coke and eating some fried chicken. Yes, Coke, as in the dark soda loaded with sugar. So, to the
7-Eleven wants to be more than just the place that sells you a Slurpee and a roller dog while you’re getting gas. The chain has been stepping up its food offering as it upgrades stores nationwide. The chain plans to remodel more than 7,000 stores by 2030, according to comments made during its April Investor’s