Category Archives: CNN – Business

Dollar Tree will open 600 stores this year

Dollar Tree will open 600 stores this year

Dollar Tree said Wednesday that it will open 600 new stores this year, continuing dollar store chains’ torrid growth across the United States. The announcement comes as the pandemic has taken a toll on many retailers and forced thousands of stores to close. But dollar stores have surged as economically-strapped customers seek out bargains on…MORE

Wendy’s went all in on breakfast. It’s paying off

Wendy’s went all in on breakfast. It’s paying off

People are eating at home more. But Wendy’s says they’re still showing up for breakfast. The chain said Wednesday that sales at its US restaurants open at least a year grew 2% in 2020, thanks in large part to breakfast. CEO Todd Penegor said during an analyst call that in the last three months of…MORE

SoftBank-backed Greensill Capital is on the brink. 50,000 jobs could be at risk

SoftBank-backed Greensill Capital is on the brink. 50,000 jobs could be at risk

The future of Greensill Capital, a UK financial startup backed by SoftBank, has been thrown into doubt after German regulators shuttered a bank it operates, the latest twist in an unfolding corporate collapse that could put 50,000 jobs at risk. Germany’s Federal Financial Supervisory Authority, or BaFin, said in a statement on Wednesday that it…MORE

Why facial piercings could help boost mall traffic

Why facial piercings could help boost mall traffic

Consumers typically have flocked to malls because they’re a one-stop shop for everything from socks to sofa sets. Now, one of the biggest mall jewelers in the United States is giving some folks the chance to cross another item off their shopping lists. Signet Jewelers, owner of Zales, Kay Jewelers and Jared, is betting on…MORE

These Texas chains will still require masks once the state’s mandate is lifted

These Texas chains will still require masks once the state’s mandate is lifted

The end of mask mandates in Texas and Mississippi has created a dilemma for businesses: Keep such safety rules in place to protect against Covid-19 spread, as leading health officials advise, or follow the two states’ decisions and loosen restrictions. Leading US grocery chains, pharmacies, retailers and auto manufacturers, including Target, Kroger, CVS, Walgreens, Best…MORE

Private equity firm acquires Michaels in $5 billion deal

Private equity firm acquires Michaels in $5 billion deal

Private equity giant Apollo Global Management is acquiring arts and crafts retailer Michaels in a $5 billion deal. Apollo will buy all outstanding Michaels shares for $22 each — a 47% premium to Friday’s closing stock price, and well above the stock’s pandemic-era low of around $1. Michaels, which operates more than 1,250 stores in…MORE

Fighting climate change is now a job for the Bank of England

Fighting climate change is now a job for the Bank of England

Central banks are usually tasked with keeping inflation in check, while promoting economic growth and employment. Now, add fighting the climate crisis to the list. On Wednesday, the Bank of England was given a new mandate to support the UK government’s ambition to become a net zero economy by 2050. “I am today updating the…MORE