Sears just can't catch a break. According to this Fortune report, Sears posted a 230 million dollar sales skid in Q1.
Cisco has seen better days. According to this ABC report the company will cut 1,100 more jobs.
Very bad news coming out of India. According to this ZD report, approximately 500,000 IT professionals will be losing their job over the next three years. To make…
According to this Washington Examiner report Ford is planning to lay off 20,000 workers worldwide after reporting a 35% drop in Q1 profits.
More bad news for retail. According to this CNBC report JC Penney's stock has fallen to $4.48, the lowest level since 1972.
More bad news for the bankers. According to this Dispatch report Wells Fargo will be closing 450 branches by 2019.
More delusional rumbling from the company we once knew as Sears. According to this Retail Dive report CEO
A massive consolidation is underway in the grocery industry. Look for grocery stores to be the next industry to get crushed
Leave it to the bankers get you locked into massive debt. According to this Market Watch report,
The VIX which measures market volatility of the S&P 500 has gone past the ‘historic floor’ marker following a series
Wisconsin based Guaranty Bank is DONE. According to this Patch report the small bank with
The restaurant economy is slowly collapsing. According to this Bloomberg report Joe's Crab shack
More bad news for retail. According to this Racked report, Kit and Ace will be closing all their US, UK and Australian stores.
Burgon Sealy is currently barricaded inside 518 St Michaels Drive. Earlier in the day, around 12 pm, Sealy shot a
The delusional analysts at Moody's have issued a report stating that "retail" is stable despite
Add Coca-Cola to the list that of the companies that will be laying off THOUSANDS in the next year as consumers dump toxic products for healthier options
J. Crew, who has been "quietly" struggling for years has announced 250 layoffs according to this Racked report.
Here’s S&P’s full list, including the likelihood the companies will default in the next year:
Retail isn't the only sector struggling. According to this NBC report Pollo Tropical will be closing 30