It's been quite the week in the world of business! First up, retail drama queen LL Flooring had a last-minute change of heart about shutting down all its stores. After securing a buyer in private equity firm F9, they signed on to sell their assets and ongoing operations - crisis averted (for now).
LL Flooring, the company that once promised hardwood dreams, is now closing all of its stores after filing for bankruptcy. Less than a month ago, they were hoping to find a buyer, but no one stepped up. The company, formerly known as Lumber Liquidators, had a rocky past. Remember the formaldehyde
LL Flooring, the once-familiar name in hardwood flooring, is shutting its doors for good. After filing for bankruptcy, the company couldnt find a buyer, leaving hundreds of stores across the country to close within the next 12 weeks. But what led to this demise? Was it simply bad luck, or were there
LL Flooring, once a familiar name in the world of hardwood floors, is closing all its stores. This comes after the company filed for bankruptcy just a month ago and couldn't find a buyer. What led a company with over 400 stores just a year ago to this point? LL Flooring's story is a reminder that
California is facing a trifecta of challenges: a skyrocketing homeless population, a surge in retail theft, and a devastating opioid epidemic. Prop 36 aims to tackle these issues by imposing tougher penalties for repeat offenders while incentivizing treatment for drug possession with prior convicti
WBD clearly sees the potential in experiential entertainment. By consolidating its efforts, they hope to offer a more cohesive and immersive experience for fans. Think of it like building a theme park empire, but with a focus on leveraging existing intellectual property like Harry Potter, DC Comics,
Get ready, McKinney! A new Sprouts Farmers Market is opening its doors this Friday, promising a bounty of fresh produce and healthy living options. This is the second Sprouts in the city, but this location is closer to downtown, making it more convenient for residents. But is this really a good th
In this business news roundup, Abercrombie & Fitch reports better-than-expected sales but sees a drop in stock price, Kohl's raises its full-year earnings outlook, Hyundai plans to double its hybrid car lineup, and more. Retail Abercrombie & Fitch's sales skyrocket, but investors remain unsatisfie
Foot Locker's Q2 2024 earnings report brought a breath of fresh air to the sneaker company, as it marked the first time in six quarters that comparable sales grew, reaching 2.6%. This positive trend surpassed analysts' expectations of a 0.7% uptick, and the gross margin expanded for the first time i
Target's recent sales surge, following the shutdown of several crime-ridden stores, has sparked conversations among retailers and policymakers. The retail titan's COO, Michael Fiddelke, credits the improvement to diminished 'inventory shrink,' a term that refers to losses resulting from shoplifting
