Major employers across Illinois have announced plans to lay off hundreds of workers in the coming months, according to filings under the state’s Worker Adjustment and Retraining Notification (WARN) Act. The law requires companies with at least 75 employees to provide a minimum of 60 days’ notice before implementing mass layoffs or facility closures, offering advance warning to workers and state officials. Among the most notable developments is the planned layoff of 101 employees a

The central government has retained the 4% retail inflation target for the next five years, from April 1, 2026, to March 31, 2031, with a tolerance band of 2–6%. This decision, made in consultation with the Reserve Bank of India (RBI), continues the inflation-targeting framework that was first introduced in 2016. The move aims to maintain price stability while allowing some flexibility in the target, accommodating short-term volatility. The government’s inflation target, outline

Chicago residents purchasing alcohol from local liquor stores will see a new tax added to their bills starting Sunday, as the city implements a revised taxation system on retail liquor sales. The Chicago Department of Finance confirmed that a 1.5 percent liquor tax will officially take effect after a two-month delay that was granted to allow retailers additional time to update billing systems and prepare for the change. The new Chicago liquor tax replaces the previous structure that

Pop Mart, the globally recognized designer toy retailer known for drawing long lines of collectors, has officially opened a new location at Westfield Old Orchard Mall in Skokie, Illinois. The debut marks the company’s sixth store in the state and reflects the brand’s continued retail expansion across the Chicago metropolitan area. According to the company’s announcement, the storefront quietly began welcoming customers over the weekend. The new shop is situated on the north si

Amazon has overtaken Walmart to become the world’s largest company by annual revenue, marking a historic shift in the long-running rivalry between the two retail giants. Walmart reported revenue of $713.2 billion for its most recent fiscal year, narrowly trailing Amazon’s $716.9 billion. The development had been anticipated for months after Amazon first exceeded Walmart in quarterly sales roughly a year ago, signaling a gradual but decisive change in the competitive landscape. W

A former BrewDog bar in Columbus’ Franklinton neighborhood has been placed on the leasing market, opening the door for a new operator to take over the high-profile space weeks after the Scotland-based brewery closed the location as part of a broader pullback in the city. Roth Real Estate Group is marketing the freestanding property at 463 W. Town St. as a turnkey opportunity for a restaurant, cafe, brewery, bar or creative retail concept. The building offers more than 4,900 square

Ohio is set to welcome its first Buc-ee’s, with officials announcing the grand opening date and schedule for the highly anticipated store. Located at 8000 State Route 235 in Huber Heights, the new Buc-ee’s will officially open to the public at 6 a.m. on Monday, April 6. The announcement has generated excitement among residents and travelers eager to experience the popular convenience store and gas station chain for the first time in the state. Ahead of the public opening, a specia

A large new T.J. Maxx store is set to open in one of Chicago’s most active retail districts, further strengthening Lincoln Park’s position as a major shopping destination. The off-price retailer will occupy a prominent 26,000-square-foot space at 939 W. North Avenue, located at the southeast corner of North Avenue and Sheffield Avenue, according to a recent announcement from the development team behind the project. The store will serve as a key anchor tenant within a renovated c

As the calendar turns to a new year, New Year’s Day remains a federal holiday across the United States, bringing widespread closures for government offices, schools, banks and financial markets. At the same time, many major retailers and grocery chains plan to welcome customers on January 1, 2026, often with adjusted hours and post-holiday discounts aimed at clearing older inventory. Shoppers and consumers are encouraged to confirm local schedules in advance, as operating hours can vary by

Federal regulators have announced a sweeping recall affecting hundreds of commonly purchased consumer products sold in small grocery stores and markets across parts of the Midwest, citing serious sanitation concerns that may pose a risk to public health. The action follows an inspection of a Minneapolis-based distribution facility that supplies food, medication, and household goods to retailers in Minnesota, Indiana, and neighboring states. According to the Food and Drug Administrat

As Christmas Day approaches, shoppers across central Ohio are adjusting their plans as many retailers prepare to close early on Christmas Eve and shut their doors entirely on Christmas Day. This year, the holiday falls on a Thursday, prompting widespread schedule changes as businesses balance customer demand with time off for employees to spend with family and friends. For consumers making last-minute purchases or gathering ingredients for holiday meals, knowing store hours ahead of

Two women from New York are facing shoplifting charges after police say they stole more than $9,000 worth of merchandise from multiple stores at the Garden State Plaza mall in Paramus, New Jersey. Authorities allege the thefts took place Monday afternoon and involved a coordinated effort to bypass store security systems. According to police, the suspects, identified as Jenai Crawford and Shanique Roberts, were observed moving between several retail locations inside the mall and repe

WASHINGTON — As the holiday shopping season accelerates, consumer protection officials are warning residents to remain vigilant against increasingly sophisticated gift card scams. District Attorney General Brian Schwalb issued a public consumer alert on Monday, cautioning shoppers about a growing form of retail fraud known as gift card draining, which has become more prevalent during peak gift-giving periods. According to Schwalb’s office, gift card draining differs from traditi

A new international fashion entrant has arrived on Chicago’s Magnificent Mile as Mango formally opened its first Illinois store on Wednesday, marking a significant milestone in the brand’s ongoing national expansion. The two-story boutique, located at the prominent intersection of Michigan Avenue and Erie Street, represents the company’s 60th U.S. location and underscores its intention to strengthen its presence in major retail corridors across the country. Crowds gathered ahead of the

As Thanksgiving Day 2025 arrives, many households will spend the holiday preparing meals, hosting gatherings, and enjoying time with family. Yet it is also a day when some people inevitably need to make a last-minute run for ingredients, or choose to stop by a store or café during their celebrations. Holiday schedules vary widely across the country, and several major grocery chains and retailers have updated their hours in anticipation of the seasonal rush. With Thanksgiving 2025 expected to

WASHINGTON — Carter’s, one of the most recognizable baby and children’s clothing retailers in the United States, has announced plans to close 150 stores and reduce its workforce by 15% as rising tariffs continue to pressure company finances. The Atlanta-based company outlined its restructuring strategy in its latest earnings report released Monday, citing significant cost increases tied to ongoing trade policies. The retailer said higher tariffs have had a substantial impact o

It has been more than two weeks since the rollout of GST 2.0 on September 22, but a nationwide consumer survey indicates that the expected benefits of lower taxes are not being fully passed on to buyers. The reform, which aimed to make a wide range of goods and services more affordable, appears to have produced uneven results across product categories, with automobiles emerging as the only sector showing substantial price reductions. According to a large-scale survey conducted acros