Joann’s bankruptcy filing arrives amid both a slowdown in discretionary spending overall and during a time consumers are taking a step back from at-home crafts, at least relative to a boom seen at the start of the COVID-19 pandemic.
retailers
Posted inBusiness, Nation / World, News
Retail sales up strongly in December as Americans continue to spend
Economists had expected consumers to pull back on spending in the final 3 months of the year under the weight of credit card debt and delinquencies and lower savings.
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Posted inBusiness, News
Maine’s first Costco set to open in one week
Costco opens next week in Scarborough, within a hub of commercial development.
Posted inBusiness, Maine, News
Dollar General owes $320,000 for repeat safety violations at Penobscot County store
Federal investigators found the store in Enfield broke five safety standards, creating tripping hazards and greater risks of employee injury in the event of a fire.