The Mïghty Kräcken on Nostr: "Bob’s joins a growing number of retail bankruptcies in 2024, spurred from a ...
"Bob’s joins a growing number of retail bankruptcies in 2024, spurred from a slowdown in consumer spending and rising inflation."
Oh, you mean the rising inflation that has both caused consumers to slow down their spending and also resulted in record corporate profits? We're calling that inflation?
Bob's was purchased by private equity firm GoDigital Media Group in 2022. It took them two years to drive this 70 year old business into bankruptcy.
https://www.cnn.com/2024/07/03/business/bobs-stores-closures/index.html
Oh, you mean the rising inflation that has both caused consumers to slow down their spending and also resulted in record corporate profits? We're calling that inflation?
Bob's was purchased by private equity firm GoDigital Media Group in 2022. It took them two years to drive this 70 year old business into bankruptcy.
https://www.cnn.com/2024/07/03/business/bobs-stores-closures/index.html