The economy might be looking good on paper, but the reality for many people is quite different. Lots of local businesses are shutting down. Places like Towson Town Center, Morton’s Steakhouse, and the Sheraton downtown are just a few examples. Even big names like Francesca’s clothing stores and the
2025 was a tough year for big-name retailers. Many well-known stores shut down for good. Over 8, 100 stores closed across the U. S. This is a big jump from the year before. Why did this happen? It's a mix of things. Online shopping is growing. Plus, people are spending less. And some stores just cou
The U. S. is seeing a big jump in bankruptcies, showing that many people and businesses are having a tough time with money. Over the last year, there were 542, 529 bankruptcies, which is 11. 5% more than the year before. This includes both personal and business bankruptcies. Some states are hit har
In 2024, Texas emerged as the top state for business bankruptcies in the U. S. Surprisingly, Houston saw a dip in filings due to a scandal at the courthouse. The Southern District of Texas, known for its intricate bankruptcy cases, experienced a drop in filings after a judge stepped down. However, i
2024 wasn't a great year for many restaurant chains. With consumers cutting back on dining out due to inflation, sales took a hit. This led to some big names shutting down underperforming locations. Wendy's, for instance, closed 140 restaurants by the end of the year. Their CEO, Kirk Tanner, said th
In 2024, shoppers and diners in the U. S. were more careful with their money. High housing and food prices made people choosy about where they spent. Wealthy folks, for instance, started shopping at stores like Walmart and Aldi instead of pricier places. Eating out? People opted for fast food or coo
