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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 13, 2016
Page
6
The Ruby Tuesday chain plans to shutter 95 underperforming locations by year end to reduce losses. Locations to close were not disclosed. Displaced employees will be offered roles at nearby sites where possible. The company listed 724 locations as of May 31.
Hillary Clinton’s Thursday speech outlines higher taxes to fund education, paid family leave, and development programs. Business groups object that the plan lacks tax relief and regulatory relief to spur job growth, drawing reactions from advocates and industry alike.
Hostess Brands launches Deep Fried Twinkies in chocolate and vanilla, available in Walmart frozen foods for three months before expanding to other retailers. The product doubles fat content and targets snack lovers seeking indulgence.
Retail downsizing accelerates as Macy’s announces 100 store closures, joining Sears J C Penney and others. Green Street Advisors says 800 closes needed for prior per square foot profitability. malls face vacant space and pressure on operators like Simon Property Group while discount chains expand with 900 new Dollar General outlets and about 195 TJX stores.
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