In a shocking announcement, Party City has officially declared the closure of all its retail stores and launched an immediate wave of corporate layoffs. This decision relies heavily on the company’s enduring financial turbulence, which has been exacerbated by a plethora of challenges in the retail landscape. CEO Barry Litwin, during an internal meeting captured
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In recent years, pickleball has emerged from a leisurely pastime into a booming professional sport, gaining recognition across the United States and beyond. The Professional Pickleball Association (PPA) has reported significant growth in several aspects of the game, including player salaries, fan attendance, and media coverage. This article explores how pickleball has transformed into a
In recent months, optimism has emerged in the realm of U.S. auto sales, with projections indicating a potential upswing in new vehicle transactions for 2025. Analysts from prominent organizations such as Cox Automotive, S&P Global Mobility, and Edmunds are forecasting sales figures that suggest a gradual recovery from the industry’s struggles during the pandemic. Highlighting
Grubhub, a well-known platform for food delivery, has reached a $25 million settlement following serious allegations of deceptive practices brought forth by the Federal Trade Commission (FTC) alongside Illinois Attorney General Kwame Raoul. This lawsuit sheds light on how Grubhub’s alleged actions have not only misled diners but also adversely affected drivers and local businesses.
The landscape of professional sports is witnessing a noteworthy evolution, particularly in how funding and support are mobilized for emerging leagues. Unrivaled, a startup basketball league focusing on 3×3 women’s basketball, recently completed its Series A funding round, raising an impressive $28 million ahead of its inaugural season. This achievement is significant for a variety
The aviation industry has witnessed a transformative shift in traveler behavior since the onset of the COVID-19 pandemic. As air travel resumes, the appetite for more comfortable and spacious seating arrangements has surged, pushing many passengers to prioritize premium options over the traditional economy class. This evolving mentality not only shapes the purchasing decisions of
The recent death of Brian Thompson, the CEO of UnitedHealthcare, has sent shockwaves through the health care industry, as highlighted by UnitedHealth Group CEO Andrew Witty. In a poignant New York Times opinion piece, Witty not only mourned Thompson’s passing but also spotlighted systemic issues within the U.S. health care framework. He articulated a powerful
On a pivotal Thursday, the Consumer Financial Protection Bureau (CFPB) unveiled a transformative rule aimed at significantly limiting the ability of banks to impose exorbitant overdraft fees on consumers. This move, a response to ongoing concerns regarding financial inequity, has been touted to save American consumers a staggering $5 billion each year. By drastically reducing
As we approach the end of 2024, U.S. auto dealers are entering 2025 with a sense of “renewed optimism.” This resurgence of hope has been largely attributed to the political shift back to Donald Trump, following his election as President. According to a recent report by Cox Automotive, the market adversities faced by auto dealers
In a significant development for women’s sports, the newly formed startup basketball league, Unrivaled, has taken substantial steps toward establishing a competitive platform for female athletes. With the announcement of a multiyear collaboration with Under Armour as its official uniform provider, Unrivaled is set to kick off its inaugural season on January 17 in Miami.