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You are here: Home / Archives for Chic & Current

Boomers’ Retirement Budgets Take A Hard Hit After Retail Favorite Shuts Down

July 2, 2025 by Alexandra Madolid

This isn’t just about one retail chain going bankrupt, or about one store closing; it shows a big change in retail. Some might not worry much, but it’s actually making Baby Boomers rethink their home renovation plans and even how they manage their retirement money. But don't worry about that 401(k) just yet! At Home's Big Step: Bankruptcy On June 16, 2025, Home Group Inc. formally filed ...

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Filed Under: Chic & Current, Retail Watch

$1,000 a Year? Why American Express’s Platinum Card Is Pricing Out Boomers

July 2, 2025 by Michael Trenholm

The American Express Platinum Card used to be the crown jewel of credit cards. Flash it at dinner, and you weren’t just paying…you were making a statement. But times have changed. The annual fee is creeping dangerously close to $1,000, and not everyone’s clapping. Especially Boomers, who once swore by it. Now? They’re starting to wonder if they’re being left behind in favor of yoga retreats, ...

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Filed Under: Chic & Current, Retail Watch

19 Major US Companies Facing Risk of Bankruptcy

July 2, 2025 by Michael Trenholm

Not long ago, these companies were part of everyday American life, and some of them still are. But behind storefronts and branding lies a quieter crisis. Factors like mounting debt, shifting trends, refund demands, and tightening credit have pushed familiar names to the edge. You may know them. You may shop with them. But maybe not for much longer. And…there's quite a surprising entry at the ...

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Filed Under: Chic & Current, Retail Watch

Luxury Watch Market Tanks—Rolex Slashes Prices 20% After China Leak

July 2, 2025 by Franchesca Minnies

Something truly unprecedented is shaking the luxury watch industry. An iconic brand, long known for its exclusivity and prestige, is now facing a crisis that could redefine the market entirely. This upheaval is a minor hiccup and a significant turning point with far-reaching consequences. The luxury watch world, often seen as a fortress of stability and tradition, is suddenly vulnerable. What ...

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Filed Under: Retail Watch

Target Pivots To China‑Style Factory Model To Take On E-commerce

July 2, 2025 by Gavin Pyke

Target just made a move that could flip American retail on its head. The company quietly started testing a new model, one that skips warehouses entirely and ships products straight from the factory to your front door. No press release. No flashy announcement. Just a quiet pilot that looks a whole lot like the strategy behind Temu and Shein’s rise. And really, who can blame them? Sales are ...

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Filed Under: Chic & Current, Retail Watch

Toys Get More Expensive For Americans As Tariffs Kick In

July 2, 2025 by Franchesca Minnies

Something’s changing in America’s playrooms, not just the toys themselves. Families across the country notice something different this year when they shop for children’s toys. It’s subtle at first, but the impact is growing. What’s behind this sudden shift in what kids get to play with? Is it a new trend, a supply issue, or something bigger? The answer lies beyond the shelves, affecting not only ...

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Filed Under: Retail Watch

Retail Layoffs Skyrocket as Macy’s Closures Take a Heavy Toll

July 2, 2025 by Emily Grant

In the first five months of 2025, U.S. retailers announced 75,082 layoffs—an astonishing 274% increase compared to the same period last year, driven largely by mass store closures. Macy’s is a leading contributor: under its “Bold New Chapter” strategy, the chain will shutter approximately 150 underperforming stores by 2026—including 66 closures announced this quarter—fueling nationwide job ...

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Filed Under: Chic & Current, Retail Watch

Nike Slams Tariffs—Warns $1B Price Surge Already Underway

July 2, 2025 by James Archer

Nike has warned investors that tariffs imposed by the Trump administration will cost the company approximately $1 billion in additional expenses this year, triggering a cascade of price increases and strategic shift across the industry. Nike CFO Matthew Friend, announced the company’s intention to implement “surgical” price hikes in the U.S. starting this fall to offset these costs. This ...

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Filed Under: Chic & Current, Retail Watch

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