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Walgreens' CEO has admitted that locking up items to avoid shoplifting has not worked - and it will close stores instead. Not only has the practice not curbed theft, it has dramatically hit sales. Over the past few years, major retailers like Walgreens, CVS, Walmart, and Target have increasingly resorted to locking up everyday items such as toothbrushes, deodorant, laundry detergent, coffee, and even milk. The practice has sparked customer frustration, with many complaining about the inconvenience of waiting for an employee to unlock basic necessities. During an earnings call on Friday, Walgreens CEO Tim Wentworth made a startling admission....

A mammoth sinkhole opened along a major New Jersey interstate Thursday morning, closing several lanes and pushing motorists onto local roads to avoid the pit. The sinkhole — which appeared large enough to swallow several cars — opened on the shoulder of Interstate 80 in Wharton sometime around 7:45 a.m., according to NJ.com. Construction crews swarmed the area around Exit 34 as they tried to work out a solution to the post-Christmas surprise. Meanwhile, the state’s Department of Transportation closed the eastbound lanes — leading to a lengthy backup that clogged the highway. “Motorists should expect delays or plan an...

Nearly 30 percent of US pharmacies closed between 2010 and 2021, according to a new study in the health-policy publication Health Affairs. The research, led by University of California Berkeley assistant professor Jenny S. Guadamuz and colleagues, analyzed data from the National Council for Prescription Drug Programs, county health statistics, and ZIP Code demographic surveys. Of the 88,930 retail pharmacies operating in 2010, almost one-third shuttered by 2021, with those in predominantly Black and Latino neighborhoods disproportionately affected. Independent pharmacies were hit hardest, with closures occurring at a higher rate than chain pharmacies regardless of location or market conditions. Black...

“Science” never justified the prolonged closure of schools during the coronavirus pandemic, the Select Subcommittee on the Coronavirus Pandemic, which has concluded its two-year-long investigation into the coronavirus pandemic, said, offering its findings this week. The subcommittee concluded its investigation and provided a 520-page report detailing the massive failures committed throughout the pandemic, from mask and vaccine mandates to public health officials suppressing and dismissing narratives — such as the reality of natural immunity — that they did not like and that would not support their draconian policies. One major point of controversy throughout the pandemic was the so-called “science”...

Walgreens Closes NYC Stores… Because of Theft Cash Jordan 1.05M subscribers 260,719 views Nov 3, 2024 Walgreens is quietly shutting down multiple NYC stores that are "underperforming" for multiple reasons cited by the brand including unsustainable losses from retail theft, combined with lower consumer spending & lower profit from prescriptions.

Shake Shack plans to close multiple "underperforming" restaurants in several U.S. states, according to a document filed to the U.S. Securities and Exchange Commission on Tuesday (August 27). The popular chain plans to close nine stores located in California, Ohio and Texas, however, no other stores are expected to be affected and the plan won't impact expansion in the three states, according to the filing. All Shake Shack management affected by the closures will be offered positions at neighboring locations and hourly employees will be eligible for rehire. Six of the nine Shake Shacks scheduled to close are in California...

CHICAGO (WLS) -- The first of two permitted demonstrations is happening on Sunday afternoon in the Loop. Meanwhile, Vice President Kamala Harris and running mate Minnesota Governor Tim Walz are expected to arrive in Chicago this week for the Democratic National Convention. ABC7 Chicago is now streaming 24/7. Click here to watch The permitted protest will take demonstrators from Michigan to the Logan Statue by East 9th Street into Grant Park. The demonstration will be about 1.5 miles from their starting point. RELATED | Chicago DNC 2024 Live updates on street closures, parking, protests and more The protest is called...

A former Minnesota bar owner who now commutes two hours a day to sling suds in neighboring Wisconsin said Gov. Tim Walz’s restrictive pandemic-era lockdowns in the state “decimated” local businesses — and caused financial ruin for those who stood up for their livelihoods. “I think he’s an evil man who overstepped his role as the governor. He took small businesses and ripped them up. He destroyed us,” Lisa Zarza. ... She said when shelter-in-place and business closures first went into effect in March, 2020, “I did everything I was supposed to do. I wore my mask, I social distanced....

On a conference call with industry analysts on Thursday, Walgreens CEO Tim Wentworth announced the company’s intention to eliminate a significant portion of its U.S. stores over the next three years. While describing a quarter of the 8,500 stores as “underperforming,” Wentworth announced that the company would close a “significant portion” of these locations. However, according to Wentworth, the precise number of closures is still undecided. Wentworth also stated that Walgreens will implement certain modifications at the remaining underperforming locations in an effort to bring them back to life. If that doesn’t work, then “we will continue to consider closure...

Red Lobster, known for bringing all-you-can-eat shrimp to the average American and which was at on point the world’s largest seafood chain, filed for bankruptcy last month. Red Lobster now has more than one billion dollars in debt. They closed 50 locations about two months ago and just announced a list of 600 locations it plans to close. What went wrong? Same Old, Same Old Remember going to Red Lobster as a kid? You might have tried your first lobster tail, or surf-n-turf there. That experience you had as a kid, would be hardly different if you went into one...

Dr. Anthony Fauci, a top adviser to two presidential administrations during the COVID-19 pandemic, reversed course in a Tuesday interview and agreed that shutting down schools for more than a year due to the virus was a “mistake” — while also arguing the initial decision to close classrooms was correct. “Keeping it for a year was not a good idea,” the former director of the National Institute of Allergy and Infectious Diseases (NIAID) told “CBS Mornings” co-host Tony Dokoupil while talking about his new memoir “On Call: A Doctor’s Journey in Public Service.” “So, that was a mistake in retrospect?”...

Almost 150 Pizza Hut restaurants are set to close due to an ongoing financial dispute with one of its major franchisees. Friday night saw the abrupt shuttering of 15 locations in Indiana that left staff and customers stunned. DailyMail.com can reveal a further 129 across Illinois, Georgia, South Carolina and Wisconsin are on the brink of shutting as part of the dispute. EYM Group - which operates the 144 Pizza Huts across the five states - is being sued by the chain in relation to millions of dollars of unpaid bills. When a deadline passed for the Indiana restaurants last...

One of the best-known grocery chains in the Northeast announced it's closing an unspecified amount of stores. Yet another business with ties to New York is closing multiple locations. The news follows what can only be described as a landslide of abrupt closings. Retro Fitness in Yorkville ceased operations on May 22, a few days after Wheelock Rides out of Syracuse took its final bow. Not only that, Freihofer's bakery shut its doors for good after 140 years, including its Verona location. And, just yesterday, BNY Mellon announced it's shuttering its Oriskany Business Park location. These local closures come as...

Cracker Barrel has shut four stores so far this year - as the beloved family chain battles for survival. Stock for the Southern country-themed chain has plummeted in the past week after the company's CEO said the restaurant is no longer 'relevant'. Julie Masino was talking to investors as she outlined plans to turn things around at the chain, which until the closures had 662 outlets across 45 states. Popularity has waned over the past decade - with its loyal clientele of elderly people failing to return after the pandemic. To cut costs, it has already shuttered four stores this...

Restaurant chain Red Lobster could file for bankruptcy protection as early as next week, The Wall Street Journal reported on Tuesday. People familiar with the matter told the Journal that the company, overwhelmed with hundreds of millions in debt, plans to file a Chapter 11 bankruptcy petition in Orlando before Memorial Day. Bloomberg previously reported in April that the restaurant company was considering filing for Chapter 11 bankruptcy protection.

As of today, select Red Lobster locations are CLOSED. On our Restaurant Equipment marketplace, we are auctioning off 50+ locations across the country. These auctions are WINNER TAKES ALL – meaning, each winner will receive the ENTIRE contents of the Red Lobster location they bid on. Auctions are live and will end periodically on Thursday, May 16, 2024. LIST AT LINK....................

Timothy Bundren must have heard wrong. The sun wasn’t up yet. He was still groggy from starting his morning routine of walking through chicken barns. His phone rang and his contact with the global meat company headquartered in Springdale, Arkansas, just two hours south of his farm, started telling him he would no longer be raising chickens. Bundren, 52, didn’t believe him at first. Just hours later, he was supposed to meet with the bank about another loan to buy the farm down the road. Bundren waited an hour and then called the man back. The news didn’t change, but...

Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator. TAGeX Brands is conducting an online auction of Red Lobster restaurant inventory, including kitchen equipment, furniture, tables and chairs. The auction begins Monday and continues through Thursday, according to company founder Neal Sherman. Red Lobster locations in Buffalo, Orlando, Jacksonville and other cities were listed as “temporarily closed” on Red Lobster’s website, according to local news reports. Red Lobster did not respond to CNN’s requests for comment. The company has around 650 locations. Red Lobster is reportedly considering filing...

(Epic Economist)—Over the past four years, many of us have had the unpleasant surprise of learning that our go-to restaurant, coffee shop, or fast food joint was closing doors for good. Thousands of well-established companies have gone out of business since the pandemic accelerated the descent of the U.S. economy, and conditions have been particularly tough in the restaurant industry. Even during the best of times, managing a restaurant comes with plenty of uncertainty. Though a brand can be incredibly popular amongst consumers, there’s a variety of factors that can result in mass closings, and in some cases, bankruptcy. We...

A San Francisco lawmaker introduced a proposal that would require grocery stores in the city to provide six months of notice before closing a store and to explore a replacement supermarket at the vacated location. Dean Preston, a member of the San Francisco Board of Supervisors, introduced what he calls the Grocery Protection Act – which is based on a proposal the board approved in 1984 that was vetoed by then-San Francisco Mayor Dianne Feinstein. Preston's proposal would require grocery store owners to provide six months written notice to the Board of Supervisors as well as the Office of Economic...