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2025-03-14 18:00:00| Fast Company

2025 has not been a good year for retail store closures so far. High-profile chains, including Joann fabrics, Walgreens, and Big Lots, have shuttered locations across the country. And now Dollar General is joining them. Heres what you need to know. Dollar General Corporation to close 141 stores Dollar General Corporation is the owner of the popular chain of Dollar General discount stores and the PopShelf retail chain. The company has now announced it will shutter 141 stores across both brands. Dollar General Corporation made the store closure announcement yesterday in its fourth-quarter and fiscal-year 2024 earnings report. As part of that report, the company said it has chosen to close a number of locations after evaluating the individual stores performance, operating conditions, and expected future performance. That review has led Dollar General Corporation to decide to close the following: 96 Dollar General stores 45 Popshelf stores As a result of this review, the Company plans to close 96 Dollar General stores and 45 pOpshelf stores, and convert an additional six pOpshelf stores to Dollar General stores in the first quarter of the 52-week fiscal year ending January 30, 2026 (‘fiscal 2025’), the company stated. Which Dollar General and Popshelf locations are closing? While Dollar General Corporation announced the closure of 141 locations across the two brands, the company did not immediately provide a list of which locations would close. Fast Company has reached out to Dollar General Corporation for a list of locations that will be closing. Currently, Popshelfs store locator shows the company has over 220 stores spread across 20 states. A closure of 45 of those stores means Dollar General Corporation will be reducing Popshelfs store count by roughly 20%. In its earnings release, Dollar General Corporation also noted that it will convert an additional six pOpshelf stores to Dollar General stores in the first quarter of the 52-week fiscal year ending January 30, 2026 (‘fiscal 2025’). As for the Dollar General closures, Dollar General Corporation says it currently has more than 20,000 Dollar General stores across 48 states. A closure of 96 locations is roughly around a minuscule 0.5% of all Dollar General stores. While the number of closings represents less than one percent of our overall store base, we believe this decision better positions us to serve our customers and communities, Todd Vasos, Dollar Generals CEO, said. Dollar General Corporation did not address what would happen to the employees at the closing locationswhether they would be let go or given the opportunity to move to other stores. The company says it currently employs more than 194,000 employees. Thousands of retail stores expected to close in 2025 Dollar General Corporation made the store closure announcement while reporting that its fiscal year 2024 saw a net income of $1.1 billiona decrease of 32.3% from fiscal year 2023. However, net sales for fiscal 2024 increased to $40.6 billion5% higher than in 2023. Still, regarding the announced closures, Vasos said, we believe this review was appropriate to further strengthen the foundation of our business. As Fast Company previously reported, Coresight Research released a report earlier this year in which it says it expects to see up to 15,000 retail locations close across the United States in 2025. The closures, in part, are the result of decreasing foot traffic to many retailers as consumers look to rein in discretionary spending among inflationary pressures. Those same consumers are also increasingly turning to online shopping instead of making the journey to brick-and-mortar storesand that online competition isnt just coming from U.S. online retail giant Amazon. We expect general-merchandise retailers across a wide range of categories, from automotive to home and pet, to be threatened by the further growth of Temu and the scaling of Sheins non-clothing offering, the report stated.


Category: E-Commerce

 

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2025-03-14 17:41:18| Fast Company

You dont need tickets to see Metallica in concert anymorejust a $3,499 Apple Vision Pro headset.  Starting today, Apple Vision Pro users can experience Metallicas 2024 Mexico City concert as an immersive, ultra-high resolution experience complete with 180-degree video and Spatial Audio. The concert, filmed on September 29 as part of the sold-out finale of Metallicas M72 World Tour, includes fan-favorites like One and Enter Sandman. With Metallica on Apple Vision Pro, you feel like youre right there: front row, backstage, and even on stage with one of the biggest bands of all time, Tor Myhren, Apples vice president of Marketing Communications, said in a statement.  The Vision Pro launched at the beginning of 2024 to lukewarm sales and has, generally speaking, failed to find success on the level of its phone and laptop counterparts. Some of that was to be expected, though. When the Vision Pro first released, Apple mainly courted developers, hoping theyd be impressed enough to build apps for the product. Apple engaged these developers in a series of test labs leading up to the products release. But recently, Apple has begun to roll out consumer-oriented features that make the hardware more appealing to everyday consumersand has been using its best technology to do so.  When it comes to the Metallica concert, Apple utilized high-end video technology in order to capture multiple perspectives and a view of over 65,000 enthusiastic concertgoers. This custom-made filming setup included 14 Apple Immersive Video cameras using a mix of stabilized cameras, cable-suspended cameras, and remote-controlled camera dolly systems that moved around the stage. At South by Southwest in Austin, Metallica drummer and founder Lars Ulrich discussed the experience of having his own show turned into an augmented reality experience, calling it pretty overwhelming, sort of surreal.  If metalheadsor any interested customerwants to see the immersive experience for themselves, Apple Stores are offering Vision Pro demos complete with an excerpt from the concert including a full performance of the song Whiplash. And if you prefer pop to rock, Alicia Keys and Raye both also have performances that have been exclusively shown on the Vision Pro. The Weeknd also has a similar immersive concert experience called “The Weeknd: Open Hearts.”


Category: E-Commerce

 

2025-03-14 17:00:00| Fast Company

The Trump administration announced on March 12, 2025, that it is reconsidering more than 30 air pollution regulations in a series of moves that could impact air quality across the United States. Reconsideration is a term used to review or modify a government regulation. While Environmental Protection Agency Administrator Lee Zeldin provided few details, the breadth of the regulations being reconsidered affects all Americans. They include rules that set limits for pollutants that can harm human health, such as ozone, particulate matter and volatile organic carbon. Zeldin wrote that his deregulation moves would roll back trillions in regulatory costs and hidden taxes on U.S. families. But thats only part of the story. What Zeldin didnt say is that the economic and health benefits from decades of federal clean air regulations have far outweighed their costs. Some estimates suggest every $1 spent meeting clean air rules has returned $10 in health and economic benefits. How far America has come, because of regulations In the early 1970s, thick smog blanketed American cities and acid rain stripped forests bare from the Northeast to the Midwest. Air pollution wasnt just a nuisanceit was a public health emergency. But in the decades since, the United States has engineered one of the most successful environmental turnarounds in history. Thanks to stronger air-quality regulations, pollution levels have plummeted, preventing hundreds of thousands of deaths annually. And despite early predictions that these regulations would cripple the economy, the opposite has proven true: The U.S. economy more than doubled in size while pollution fell, showing that clean air and economic growth canand dogo hand in hand. The numbers are eye-popping. An Environmental Protection Agency analysis of the first 20 years of the Clean Air Act, from 1970 to 1990, found the economic benefits of the regulations were about 42 times greater than the costs. The EPA later estimated that the cost of air-quality regulations in the U.S. would be about US$65 billion in 2020, and the benefits, primarily in improved health and increased worker productivity, would be around $2 trillion. Other studies have found similar benefits. Thats a return of more than 30 to 1, making clean air one of the best investments the country has ever made. Science-based regulations even the playing field The turning point came with the passage of the Clean Air Act of 1970, which put in place strict rules on pollutants from industry, vehicles, and power plants. These rules targeted key culprits: lead, ozone, sulfur dioxide, nitrogen oxides, and particulate mattersubstances that contribute to asthma, heart disease, and premature deaths. An example was the removal of lead, which can harm the brain and other organs, from gasoline. That single change resulted in far lower levels of lead in peoples blood, including a 70% drop in U.S. childrens blood-lead levels. The results have been extraordinary. Since 1980, emissions of six major air pollutants have dropped by 78%, even as the U.S. economy has more than doubled in size. Cities that were once notorious for their thick, choking smogsuch as Los Angeles, Houston, and Pittsburghnow see far cleaner air, while lakes and forests devastated by acid rain in the Northeast have rebounded. And most importantly, lives have been saved. The Clean Air Act requires the EPA to periodically estimate the costs and benefits of air-quality regulations. In the most recent estimate, released in 2011, the EPA projected that air-quality improvements would prevent over 230,000 premature deaths in 2020. That means fewer heart attacks, fewer emergency room visits for asthma, and more years of healthy life for millions of Americans. The economic payoff Critics of air-quality regulations have long argued that the regulations are too expensive for businesses and consumers. But the data tells a very different story. EPA studies have confirmed that clean air regulations improve air quality over time. Other studies have shown that the health benefits greatly outweigh the costs. That pays off for the economy. Fewer illnesses mean lower healthcare costs, and healthier workers mean higher productivity and fewer missed workdays. The EPA estimated that for every $1 spent on meeting air-quality regulations, the United States received $9 in benefits. A separate study by the nonpartisan National Bureau of Economic Research in 2024 estimated that each $1 spent on air pollution regulation brought the U.S. economy at east $10 in benefits. And when considering the long-term impact on human health and climate stability, the return is even greater. The next chapter in clean air The air Americans breathe today is cleaner, much healthier, and safer than it was just a few decades ago. Yet, despite this remarkable progress, air pollution remains a challenge in some parts of the country. Some urban neighborhoods remain stubbornly polluted because of vehicle emissions and industrial pollution. While urban pollution has declined, wildfire smoke has become a larger influence on poor air quality across the nation. That means the EPA still has work to do. If the agency works with environmental scientists, public health experts, and industry, and fosters honest scientific consensus, it can continue to protect public health while supporting economic growth. At the same time, it can ensure that future generations enjoy the same clean air and prosperity that regulations have made possible. By instead considering retracting clean air rules, the EPA is calling into question the expertise of countless scientists who have provided their objective advice over decades to set standards designed to protect human lives. In many cases, industries wont want to go back to past polluting ways, but lifting clean air rules means future investment might not be as protective. And it increases future regulatory uncertainty for industries. The past offers a clear lesson: Investing in clean air is not just good for public healthits good for the economy. With a track record of saving lives and delivering trillion-dollar benefits, air-quality regulations remain one of the greatest policy success stories in American history. Richard E. Peltier is a professor of environmental health sciences at UMass Amherst. This article is republished from The Conversation under a Creative Commons license. Read the original article.


Category: E-Commerce

 

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