Forever 21, a well-known fast-fashion retailer with over 380 stores in the U.S., is facing financial challenges that have prompted it to seek a reduction in rent from its landlords. The company has asked some landlords to slash its rent by up to 50%, indicating the severe impact of declining sales and stiff competition in
Business
The market for previously owned homes is facing challenges, with sales at a 30-year low and minimal movement seen in May. Existing home sales remained relatively flat, dropping by 0.7% from April to a seasonally adjusted annual rate of 4.11 million units. This trend mirrors a 2.8% decrease from the previous year. The consistency in
Darden Restaurants recently released its quarterly results, which caused mixed reactions in the market. Despite an increase in net sales, the same-store sales of its flagship brand, Olive Garden, declined for the second consecutive quarter. Additionally, Darden provided a modest forecast for the coming fiscal year, predicting a mere 1% to 2% growth in same-store
In recent years, the box office has been missing a crucial element – family films. However, in the last few months, there has been a resurgence of kid-friendly movies hitting the big screen. This resurgence has brought new life to the box office, giving hope to movie theater operators for a stronger second half of