In an internal letter, the company said inflation and changes in consumer spending had forced it to shut its more than 700 stores.
Category: Shutdowns (Institutional)
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How a Government Shutdown Could Affect the Economy
A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.
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Government Shutdown and Travel: What to Know About Flights, Passports and More
The failure to act by Congress could cause airport lines and other disruptions across the travel industry during a busy holiday travel period.
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The Shutdown Crisis Leads to Questions About Who Is in Charge
Donald Trump has yet to take office but the president-elect and Elon Musk are already influencing policy, putting the federal government hours away from a shut down.
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Washington and the Markets are Feeling the President-elect Effect
The President-elect takes office in a month, but his influence on policy is already being felt by investors and across Washington.
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Trump Backs a Longshoremen’s Union That Supported Him
President-elect Donald J. Trump is supporting the International Longshoremen’s Association, which could strike soon if it doesn’t reach a deal on automation with employers.
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Trump Backs Dockworkers Union Amid Risk of New Port Strike
The president-elect’s intervention could help the longshoremen’s union win concessions and avoid the resumption of a strike on East and Gulf Coast ports.
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Chi-Chi’s, Former Mexican Restaurant Chain, Plans a Comeback
The chain, which closed in 2004, is poised for a revival next year after the son of one of the founders reached a deal with Hormel Foods.
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Three Mile Island Is at the Center of Efforts to Expand Nuclear Capacity to Meet Rising Power Demand
The Pennsylvania plant, site of the worst U.S. nuclear energy accident, is at the forefront of efforts to expand nuclear capacity to meet rising electricity demand.
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Walgreens Says It Will Close 1,200 Stores
The pharmacy giant said it would close the stores over the next three years and plans to “redeploy” the majority of the workers at the closed stores.