Despite controlling only 6.5% of the US economy, private equity firms were responsible for 56% of large corporate bankruptcies in 2024—a startling disparity that suggests systemic risk. Beneath the glitzy promise of reviving faltering businesses is a pattern of aggressive financial engineering—leveraged buyouts, cost cutting, and asset stripping—which frequently destroys iconic American brands and ...
Dick’s Sporting Goods Acquires Competitor As Tariffs Challenge the Footwear Industry
Dick's Sporting Goods has just made a surprising move: It has bought one of its biggest rivals, Foot Locker, for $2.4 billion. Dick's Sporting Goods is trying to be more profitable and expand its reach in a time when tariffs are shaking up the entire shoe industry. The merger is set to change the shoe fashion industry by creating a powerhouse with over 3,000 stores and a larger influence over ...
From Toys to Coats: What Items Will Vanish First Under New Tariffs
Americans are prepping for immense change as the global supply chain is under siege from the new tariff policies. The sweeping 145% tariffs on imports from China and across-the-board duties on goods from other nations are triggering a cascade of shortages across the retail industry. Consumers are already feeling the pinch as small businesses are closing, prices are soaring, and staples are ...
Europe Pivots Away From ‘Cursed’ Made In America Products
Across Europe, a growing number of consumers are rejecting American-made goods—and not just for political reasons. Once associated with innovation and status, Tesla and other high-profile U.S. brands are now being described in online forums as “cursed,” symbolic of cultural imperialism, inflated prices, and corporate overreach.This shift, fueled by U.S. tariffs and trade tensions, has ...
Major Pharmacy Retailer Shutting 200 Stores—How Will It Impact Your Beauty Haul?
A major pharmacy retailer is set to close nearly 200 stores next month, marking another wave in the ongoing trend of drugstore downsizing across the U.S. This move, which has been seen from multiple retailers in the past few months, is proof of the industry's challenges. Declining prescription reimbursements, rising theft, and shifting consumer habits toward online shopping and big-box retailers ...
Big-Box Retailer Moves All Full-Time Employees to Four-Day Work Week
Big-box chain All-In-One just rolled out its newest initiative with confetti-level enthusiasm: a four-day work week for full-time staff. Dubbed the Time Bonus, the program trims employee hours down from 40 to 32, giving them more free time, without any of that pesky extra pay. HR rep Gloria Lewis is thrilled: “Our staff works very hard and they deserve more than what we’ve previously been able ...
9 Jewelry Brands That Deliver on Luxury Without the Luxury Price Tag
While high-end jewelry has always been highly sought after, it has also consistently been expensive. Things are quickly changing, however. There are now several companies that are producing luxurious pieces of jewelry without the luxurious price tag. Luckily enough, many of these companies producing nice, affordable pieces are easy to find online and they are focused on regularly releasing new ...
Fashion Giant Continues US Expansion Despite Tariffs Threat
Spanish fashion behemoth Mango is not merely wading into U.S. waters—they're making a cannonball splash. With a glitzy new flagship store in New York City's Lincoln Square, Mango is going all-in on American soil. While most European labels walk on tiptoes when there's turmoil in the world of politics, Mango is wading in, opening up stores along the East and West Coasts like hip little flags. ...