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Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
The deal will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ namesake department store chain and Bergdorf Goodman.
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What to know about the closing of all Bob's Stores
All Bob’s Stores locations will be closing this month and all inventory will be liquidated, according to the parent company. Here’s what you need to know about the future of the business, the going out-of-business sales, gift cards and more. The final day of operation is listed as July 14. Going-out-of-business sales are now underway for all stores that...
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Walgreens to take a hard look at underperforming stores, could shutter hundreds more
Walgreens is finalizing a plan to fix its U.S. business that could result in closing hundreds of additional stores over the next three years.
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Mallrats rejoice: Limited Too teases a comeback next month
Limited Too, the tween retailer spun off from the adult edition The Limited, is making a comeback next month. A social media account for the brand confirmed in an Instagram post that its relaunching in July, thought it’s not clear whether the brand will be opening its own brick-and-mortar stores or an e-commerce site. “Here to tell you this...
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Bob's Stores in Hamden and Southington to close
The Bob’s Stores in Hamden and Southington are closing. A company spokesperson said Bob’s Stores and Eastern Mountain Sports “are in the midst of making aggressive changes to ensure the future health of our company” and they will close 10 underperforming stores. A company spokesperson said they are working to relocate as many employees as possible from these locations...
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Constance Marie shares the biggest business lesson she's learned as an actress
“I’ve learned that Hollywood is missing out on billions of dollars by not marketing to the Latino community,” actress Constance Marie said.
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How private equity rolled Red Lobster
After Red Lobster filed for bankruptcy, some analysts say the root of its woes was not the endless shrimp promotions but a financing technique favored by a powerful force in the financial industry known as private equity.
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Red Lobster files for bankruptcy
Red Lobster is filing for Chapter 11 bankruptcy protection shortly after closing some of its restaurants.
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Local man living with autism achieves dreams through two small businesses
Joe Gillotti works at Prospector Theatre in Ridgefield and has also launched his own embroidery business.
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Instacart partners with Uber Eats to offer restaurant deliveries
San Francisco-based Instacart said Tuesday that its U.S. shoppers will see a “Restaurants” tab in the company’s app in the coming weeks.
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32-year-old mom's Poshmark side hustle brings in nearly $4,000 a month — she only works 3 to 4 hours a day
Maria Jones started selling clothing on Poshmark in October 2017. She’s since grossed more than $300,000 on the site altogether.
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The Sports Bra, Oregon pub for women's sports fans, plans national expansion
Just two years after opening, the bar announced plans to go nationwide through a franchise model.
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Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers
Peloton debuted an unlimited free membership option for its app last year in a bid to win over new customers, but the company quietly ended the initiative.
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UPS will become the primary air cargo provider for the United States Postal Service
The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. Postal Service that significantly expands an existing partnership between the two.
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New $20 minimum wage for fast food workers in California set to start Monday
Most of California’s fast food workers are set to be paid at least $20 per hour. A new law mandating the minimum wage increase for fast food workers is scheduled to take effect on Monday.
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Dollar Tree ups max price to $7 in stores nationwide
Dollar Tree is raising the price cap to $7 in 3,000 stores nationwide, according to a transcript of the company’s fourth quarter earnings call.
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Target announces major changes to how customers can check out at stores
Target has announced a major change to its self checkout policy.
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Dollar Tree and Family Dollar to close nearly 1,000 stores
Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year and 370 Family Dollar and 30 Dollar Tree stores over the next several years.
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Local and state officials get glimpse of women-owned businesses in Hamden
Inside Denny Chiropractic and Acupuncture, local and state business leaders got a glimpse of a long-running women-owned business in Hamden. Kevnesha Boyd, owner of Quality Counseling, also offers her own perspective.
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Grocer Aldi to add 800 of its discount stores across US as Americans feel pinch of high food prices
Aldi plans to add 800 of its discount grocery stores across the U.S. in a five-year expansion plan.