Turn to 10 on Nostr: Fact Check Team: Hundreds of store closures across the US prompt price cuts ...
Fact Check Team: Hundreds of store closures across the US prompt price cuts
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Walmart has closed stores this year, with over 3,000 brick-and-mortar stores closing their doors so far. Family Dollar plans to close more than 600 stores this year, along with other stores like Rue21, 99 Cents Only Stores, and CVS Health. Factors contributing to store closures include inflation, changing consumer habits, increase in shoplifting, competition from online competitors, and underperforming locations. Aldi, a discount grocery store chain, is cutting prices on 250 items and plans to add 800 stores across the US over the next five years. Several fast-food chains like Hardee's, PDQ, Bojangles, Popeyes, Dairy Queen, KFC, Papa John's, Arby's, Wendy's, In-N-Out, Burger King, Boston Market, and Steak 'N Shake are closing down locations. McDonald's and Burger King are offering $5 meal bundles to attract customers. Food prices are 26.95% higher in 2024 compared to 2019.
#StoreClosures #PriceCuts #Inflation #RetailIndustry #Walmart #FamilyDollar #Aldi #FastfoodChains
https://thenationaldesk.com/news/fact-check-team/hundreds-of-store-closures-across-the-us-prompt-price-cuts-inflation-economy-retail-walmart-family-dollar-rue-21-99-cents-only-cvs-health-consumer-habits-shopping-deals-fast-food-mcdonalds
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Walmart has closed stores this year, with over 3,000 brick-and-mortar stores closing their doors so far. Family Dollar plans to close more than 600 stores this year, along with other stores like Rue21, 99 Cents Only Stores, and CVS Health. Factors contributing to store closures include inflation, changing consumer habits, increase in shoplifting, competition from online competitors, and underperforming locations. Aldi, a discount grocery store chain, is cutting prices on 250 items and plans to add 800 stores across the US over the next five years. Several fast-food chains like Hardee's, PDQ, Bojangles, Popeyes, Dairy Queen, KFC, Papa John's, Arby's, Wendy's, In-N-Out, Burger King, Boston Market, and Steak 'N Shake are closing down locations. McDonald's and Burger King are offering $5 meal bundles to attract customers. Food prices are 26.95% higher in 2024 compared to 2019.
#StoreClosures #PriceCuts #Inflation #RetailIndustry #Walmart #FamilyDollar #Aldi #FastfoodChains
https://thenationaldesk.com/news/fact-check-team/hundreds-of-store-closures-across-the-us-prompt-price-cuts-inflation-economy-retail-walmart-family-dollar-rue-21-99-cents-only-cvs-health-consumer-habits-shopping-deals-fast-food-mcdonalds