JCPenney plans to close its store at 60 Elm Plaza in Waterville on Sept. 22, and R.H. Reny Inc. owner John Reny confirmed Monday his company’s 19th store will open there next year.
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Posted inBusiness, Kennebec Journal, Maine, News
American Eagle Outfitters sued by fired Augusta employee alleging discrimination
Allison Kurasz says she was discriminated against because she’s a lesbian and has a disability, a finding that was supported by a Maine Human Rights Commission investigator’s report after the company ignored requests for evidence.
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Posted inBusiness
Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies
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.
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.
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.
Posted inBusiness, Life & Culture, Maine, News, Uncategorized
Ho, ho, hum: Maine shoppers, stores predict a so-so holiday season
Amid the pandemic, the past two holiday gift-buying sprees have been boon times for retailers. This year, perhaps not so much.
Posted inBusiness, Nation & World, News
Amazon begins mass layoffs among its corporate workforce
The online retail giant saw sizable profits during the COVID-19 pandemic, as homebound shoppers purchased more items online, but consumers now rely less on ecommerce.
Posted inBusiness, Maine, News
Bed Bath & Beyond to close many stores as sales decline
The home-goods chain plans to lay off some of its workforce and shutter 150 stores nationwide, and it’s not yet clear if any of Maine’s four branches will be affected.