Business
Walgreens Closing 1,200 Stores Over The Next 3 Years
Walgreens announced Tuesday that it plans to close 1,200 stores over the next three years as it looks to downsize.
Assets
Big Lots Announces Filing For Chapter 11 Bankruptcy
Big Lots representatives stated on Monday that it has officially filed for Chapter 11 bankruptcy for protection from its massive debts, with the retailer citing “inflation and high interest rates” as reasons for filing.
activist investors
Starbucks Replaces Its CEO With Chipotle CEO After Year Of Low Sales: ‘Management Shakeup’
The coffee giant Starbucks is replacing its CEO with the former head of Chipotle to be in charge of the Seattle-based coffee chain, with hopes of reviving sales and appeal to outside investors.