Economy

Economy
Economy

53-year-old lawn and garden giant faces Chapter 11, liquidation

Americans spend a lot of money to keep their lawns looking good, but new data reveal some headwinds facing the lawn and garden industry. “For the first time since 2019, the U.S. gardening audience contracted — and yet total spending hit an all-time high,” according to Garden Research’s 2026 National Gardening Report. Some key data

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Economy

Main hotel for Mount Rushmore tourists files for Chapter 11 bankruptcy

A giant stone carving of four early U.S. presidents, Mount Rushmore is a major historical tourist attraction bringing in an average of between two and 2.5 million tourists in a given year. Most will either drive to the National Memorial located in the Black Hills of South Dakota from thousands of miles away as part

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Economy

How Americans buy furniture is starting to change

Furniture retailers have spent years waiting for the housing market to revive demand for sofas, beds, and other big-ticket home purchases. That rebound remains elusive, but some of the industry’s biggest players are finding growth anyway. Wayfair reported second-quarter net revenue of $3.5 billion, up 7.5% from a year earlier, while U.S. revenue jumped 8.7%.

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Economy

Resort destination mall and hotel file Chapter 11 bankruptcy

Consumers’ flight from brick-and-mortar stores in malls became a major problem for retailers as internet sales and e-commerce began taking business away from physical stores in the 1990s. Malls were hit even harder from the shutdowns during the Covid-19 pandemic, with retail slowly recovering over the last six years. Boatworks at Tahoe LLC, a Lake

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Economy

Another brewery and distillery brand closes all its taprooms

A once-fast-growing beverage brand is making a major retreat from the physical spaces that helped build its identity and exiting an entire part of its business. After years of expansion, the company is closing its final brick-and-mortar locations and has already shut down the facility where it once produced its beverages. The moves mark a

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Economy

Wells Fargo sends strong signal on Dick’s Sporting Goods

Dick’s Sporting Goods stock (DKS) got a fresh vote of confidence from Wall Street this week, and the timing is unusual. The upgrade landed just two weeks before the company reports earnings that the same analyst expects to look weak. That mismatch is the whole point. Wells Fargo is telling investors to look past a

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Economy

‘Honest alcohol’ company closes last physical locations

A once-fast-growing beverage brand is making a major retreat from the physical spaces that helped build its identity and exiting an entire part of its business. After years of expansion, the company is closing its final brick-and-mortar locations and has already shut down the facility where it once produced its beverages. The moves mark a

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Economy

Luxury retailer closes 41 stores worldwide

After closing hundreds of stores and offloading a major luxury brand, one of the fashion industry’s best-known groups continues to shrink its retail footprint. The move comes as luxury companies navigate a challenging environment marked by softer shopping demand, economic uncertainty, and shifting spending patterns. According to the McKinsey & Company State of Fashion 2026 Report,

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Economy

Celsius rallies as billionaire investor demands leadership change

Celsius Holdings (CELH) had one of its worst days of the year on Wednesday, then one of its best two days later. The stock dropped 18% after a weak second-quarter earnings report, only to jump about 12% on Friday. The reason for the rebound had nothing to do with the company’s results. It came from

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Economy

Grocery giant rethinks supply chain plans as store closures mount

One of America’s largest grocery retailers is changing course after years of expanding its business and investing in the infrastructure behind it. The company has made a series of moves that could reshape its footprint, even as it continues to grow in some areas of its business. The latest decision comes as retailers across the

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