Dave & Buster’s warns of mass layoffs as COVID-19 keeps arcades closed

Restaurant-and-arcade chain Dave & Buster’s has warned it could lay off more than 2,500 employees as the coronavirus keeps its gaming halls closed. The Dallas-based company has filed notices in at least 10 states indicating temporary layoffs imposed in March — when the pandemic forced all its locations to close — would become permanent later […]

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Flywheel Sports files for bankruptcy, plans to shut down

Spinning gym chain Flywheel Sports has filed for bankruptcy with plans to shut down its business, making it the latest victim of the coronavirus pandemic. Flywheel — known for its intense, bicycle-based classes — submitted a bankruptcy petition this week under Chapter 7 of the US bankruptcy code, which companies use to sell off their […]

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Ex-Owner in $146 Million Elder Care Default Is Charged in Ponzi Case

A Chicago-area rabbi, who formerly owned a nursing home chain at the heart of the biggest default in the history of a federal mortgage-guarantee program, was indicted by federal authorities on charges he bilked millions of dollars from investors. The indictment against Zvi Feiner and a business partner, Erez Baver, is the latest chapter in […]

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Biggest Crisis Test Is Still to Come With Insolvencies, BIS Says

© Bloomberg. A chain and lock secures an entrance at a Macy’s Inc. location temporarily closed in Honolulu, Hawaii, U.S., on Monday, May 11, 2020. Hawaii reports no new virus cases for the first time in nearly two months, the Associated Press reported. Photographer: Marie Eriel Hobro/Bloomberg (Bloomberg) — Policy makers are facing the most […]

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J.C. Penney’s landlords strike deal to rescue it from bankruptcy

J.C. Penney’s landlords reached a tentative deal to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, a company lawyer said during a brief court hearing Wednesday. Mall owners Simon Property Group […]

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Clicks pharmacy closes stores amid outrage over racist hair ad

South African pharmacy chain Clicks closed its stores Wednesday after a racist advertisement on its website sparked violent protests. Clicks made the decision amid outrage over the ad for shampoo brand TRESemmé, which labeled images of black women’s hair “frizzy & dull” while describing white women’s hair as “fine & flat” and “normal.” Clicks apologized […]

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Black former franchisees sue McDonald’s for discrimination

More than 50 Black former McDonald’s franchise owners are suing the burger chain for discrimination By DEE-ANN DURBIN AP Business Writer September 1, 2020, 10:00 AM • 3 min read More than 50 Black former McDonald’s franchise owners are suing the burger chain, saying the company steered them to less-profitable restaurants and didn’t give them […]

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AMC sells foreign movie theaters for $77M amid COVID-19 crush

AMC Entertainment, the largest movie theater chain in the US, is selling off nine cinemas in the Baltic region as the coronavirus crushes sales. The company on Monday announced that it has signed a deal to sell nine venues across Latvia, Lithuania and Estonia, to Up Invest, owners of a Baltic cinema group, for $77 […]

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Lithuania citizens form human chain to support Belarus protests, with fourth protester found dead

In Lithuania, some 50,000 people are expected to join a human chain reaching from Vilnius, the nation’s capital, to the Belarusian border to show solidarity with the protests, public broadcaster Lithuanian Radio and Television (LRT) reported. Supporters of Belarus opposition from Lithuania hold and wave historical Belarusian flags during the “Freedom Way”, a human chain […]

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AMC theaters to offer 15-cent tickets on first day of reopening

By Jake Coyle |  The Associated Press AMC Theatres, the nation’s largest movie theater chain, will reopen in the U.S. on Aug. 20 with retro ticket prices of 15 cents per movie. AMC Entertainment, which owns the chain, said Thursday that it expects to open the doors to more than 100 cinemas — or about […]

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Stein Mart files for bankruptcy; to close nearly 300 stores

National discount department store chain Stein Mart is filing for bankruptcy and will close most, if not all, of its stores By TAMARA LUSH Associated Press August 12, 2020, 10:03 PM 2 min read Share to FacebookShare to TwitterEmail this article ST. PETERSBURG, Fla. — National discount department store chain Stein Mart filed for bankruptcy […]

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AMC revenues plummet in ‘most challenging quarter’ in 100 years

AMC Entertainment, the nation’s largest movie theater chain, said it lost half a billion dollars in the second quarter, making it the company’s worst quarter since it was founded in 1920. The chain, which was forced to close cinemas across the nation as the coronavirus swept the nation in March, said it swung to a […]

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Cinemark planning to reopen theaters on scant ‘test and learn’ data

After multiple postponements, movie theater chain Cinemark said it’s ready to reopen, citing “high satisfaction” with its COVID-19 protections among theatergoers in Texas. In an earnings conference call on Tuesday, Cinemark Chief Executive Mark Zoradi said the Plano, Texas, company aims to start selling tickets at all of its 345 US-based theaters by August 31, […]

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7-Eleven parent company acquires Speedway for $21 billion

Speedway gas station owner Marathon Petroleum has agreed to sell the chain to 7-Eleven’s parent company. Seven & i Holdings, the Japanese retail group which owns the popular convenience store, will pay $21 billion for Speedway. The acquisition will see 7-Eleven add nearly 4,000 stores, and bring its total number of stores in the US […]

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Trader Joe’s says no to changing ethnic-sounding label names

The popular grocery chain Trader Joe’s says it won’t be changing ethnic-sounding labels on its line of Mexican, Chinese and other international foods, adding they are not racist By JOHN ROGERS Associated Press August 1, 2020, 12:46 AM 4 min read Share to FacebookShare to TwitterEmail this article LOS ANGELES — Trader Joe’s, which said […]

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Former GOP presidential hopeful Herman Cain dies of COVID-19

Herman Cain, former Republican presidential candidate and former CEO of a major pizza chain who went on to become an ardent supporter of President Donald Trump, has died of complications from the coronavirus. He was 74. A post on Cain’s Twitter account Thursday announced the death. Cain had been ill with the virus for several […]

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Former GOP presidential candidate Herman Cain dies at 74

Herman Cain, former Republican presidential candidate and former CEO of a major pizza chain who went on to become an ardent supporter of President Donald Trump, has died of complications from the coronavirus. He was 74. A post on Cain’s Twitter account Thursday announced the death. Cain had been ill with the virus for several […]

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Businesses Going Wild on Sanitizing But Not Requiring Masks: Why?????

The restaurant chain Chili’s, which is reportedly killing it, business-wise, as it dares to open back up during the pandemic, boasted in June about its “cleaning and disinfecting procedures” as “thing of beauty,” and detailed a procedure that involves disinfecting all surfaces every 30 minutes. While employees are apparently aggressively shining up the restaurant, only […]

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As tide turns, retailers that resisted masks relent

NEW YORK — When the parent of Southern grocery chain Winn-Dixie said that it wasn’t going to require customers to wear masks to protect against the spread of the coronavirus, the response was brutal, with some loyal patrons vowing on social media never to shop there again. Days later, Winn-Dixie reversed course and said that […]

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AMC lenders try to outdo Silver Lake on debt-restructuring offer

There’s a battle brewing behind the scenes at beleaguered movie theater chain AMC Entertainment. A group of lenders led by Apollo Global Management is trying to dissuade AMC from taking a debt-restructuring offer from Silver Lake Group, proposing a competing deal that would carry the cinema chain through the pandemic, The Wall Street Journal said. […]

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AMC movie theaters delay reopening — again

AMC, the world’s largest movie theater chain, is delaying its reopening yet again as Hollywood studios push back the release of their planned summer blockbusters. The company said Thursday that it won’t resume ticket sales at its US theaters until “mid-to-late August” due to the fact that there are no new movies to show. AMC […]

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Aldi to open more than 70 new grocery stores by end of this year

German-owned supermarket chain Aldi — a deep-discounting cousin of the popular Trader Joe’s supermarket chain — says it will open more than 70 new US stores by the end of the year in its quest to become America’s third-largest grocer. Aldi’s US arm is forging ahead with a more than $5 billion expansion plan despite […]

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Whole Foods sued by workers for barring BLM face coverings

A federal lawsuit against Whole Foods Market accuses the supermarket chain of retaliating against its employees when it barred them from wearing Black Lives Matter face coverings while on the job By The Associated Press July 20, 2020, 6:51 PM 2 min read Share to FacebookShare to TwitterEmail this article BOSTON — Whole Foods Market […]

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Papa John’s founder says Goya CEO ‘should be able to speak his mind,’ not be ‘scared’ of the left

Papa John’s pizza chain founder John Schnatter said during a recent interview that Goya CEO Bob Unanue “should be able to speak his mind” and share his political opinions. “Everybody on the left keeps preaching diversity unless it’s diversity of thought, diversity of philosophy, or diversity of ideology,” Schnatter told Just the News. “And if […]

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CVS Fined for Prescription Errors and Poor Staffing at Pharmacies

In a rare public rebuke of the nation’s largest retail pharmacy chain, state regulators in Oklahoma cited and fined CVS for conditions found at four of its pharmacies, including inadequate staffing and errors made in filling prescriptions. While the fine of $125,000 on Wednesday was small for CVS Health — it paid its chief executive […]

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CVS Fined for Safety Issues at Oklahoma Pharmacies

In a rare public rebuke of the nation’s largest retail pharmacy chain, state regulators in Oklahoma cited and fined CVS for conditions found at four of its pharmacies, including inadequate staffing and errors made in filling prescriptions. While the fine of $125,000 on Wednesday was small for CVS Health — it paid its chief executive […]

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