Industry News

Walgreens has announced plans to close 12 stores in San Francisco next month as part of its effort to control rising costs and streamline operations. This move is part of a broader nationwide plan to close 1,200 underperforming stores over the next three years.

Party City, once the leading specialty retailer for party supplies and decorations, announced that it will be closing all of its stores and liquidating its assets as part of its Chapter 11 bankruptcy proceedings. The decision follows years of financial struggles, increased competition, and changing market dynamics that ultimately proved insurmountable.

Dollar General plans to open nearly 600 new stores in 2025, scaling back from the 730 locations slated for 2024. This reduction comes as the company shifts its focus to larger store formats, aiming to provide an expanded selection of products to better meet customer needs.

Advance Auto Parts has announced plans to close all of its 150+ stores in California, along with distribution centers in San Bernardino and Bakersfield, as part of a major restructuring effort. The decision underscores the company's focus on cost reductions, operational efficiency, and margin improvement, following a challenging fiscal year.

The wave of pharmacy closures sweeping across the United States has left many rural towns without access to essential healthcare services. In New Lebanon, Ohio, a small town with just 3,756 residents, the closure of its Rite Aid pharmacy has created significant challenges for locals, particularly elderly residents.

Former President Donald Trump has unveiled a series of new tax cut proposals as part of his broader economic plan, sparking debates about their feasibility and potential impact on the national deficit.