Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection
In its latest quarter, same-store sales at BurgerFi's namesake chain tumbled 13%. Source link
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Retail industry
How retailers and media companies are teaming up to bring live shopping to the 2024 VMAs
Viewers of the 2024 MTV VMAs will be able to shop the red carpet looks they're seeing in real time
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Nelson Peltz steps down as chair of Wendy’s board, starting a new era for burger chain
Peltz's Trian Fund Management has a 10% stake in Wendy's, making it the company's second-largest shareholder. Source link
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Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings
Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private
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NFL’s games in Brazil, Europe are key to more revenue growth, Goodell says
The NFL is banking on international markets for growth as it plays its first-ever game in Brazil. Source link
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Dollar Tree shares slide after discounter cuts full-year forecast
Dollar stores, in particular, have felt pinched as their core customer make tradeoffs after a prolonged period of pricier food
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Why does Couche-Tard want to buy 7-Eleven? It’s a ‘cheap’ stock, says portfolio manager
There is little to improve in Seven & i's core business, but the company is cheaper than global counterparts, Comgest's
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These 10 restaurant chains filed for bankruptcy this year
Chapter 11 filings have climbed 49% this year, according to BankruptcyWatch, and big-name restaurants such as Red Lobster and Buca
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Ulta misses Wall Street expectations, trims guidance after quarterly sales decline
Comparable sales for the second quarter fell 1.2%, compared to an 8% increase a year earlier. Source link
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