Jack in the Box announces plans to close 150 to 200 locations and explore a sale of Del Taco as it navigates financial challenges and seeks to improve cash flow and reduce debt. CEO Lance Tucker reveals tough competition and declining sales.
In a surprising move, Sony has announced price hikes for the PS5 in Europe, the UK, and Australia, citing inflation and exchange rates. The new prices go into effect immediately, so act fast if you want to grab a console before the increase!
In a surprising turn, Dollar Tree is offloading Family Dollar for just $1 billion, a steep loss from its original $9 billion purchase. The sale highlights the challenges faced by discount retailers amid rising costs and fierce competition.
