Farewell, ‘Slug Bug’: Volkswagen to stop producing VW Beetles
LOS ANGELES — Prepare to bid “auf wiedersehen” to the Beetle. Volkswagen said Thursday it will retire the bulbous car, one of the most recognizable vehicles ever made, next year. For its grand finale,...
View ArticleHershey’s chocolate is about to get more expensive
HERSHEY, Penn. – Hershey’s will raise chocolate prices next year. The candy company is planning to raise the prices of a fifth of its products by about 2.5%, Hershey reiterated on Thursday. The changes...
View ArticleLowe’s to close 51 stores, some in California
CHICAGO — In another sign of the times for retail, Lowe’s is closing 51 stores in North America. Lowe’s said Monday that those locations are underperforming and the decision will help the hardware...
View ArticleScore deals on Small Business Saturday
SAN DIEGO - Small Business Saturday started in 2010 and has since gained lots of momentum in San Diego. Heather Lake went to North Park Wednesday morning to check out some of the deals.
View ArticleCyber Monday forecast to be largest online shopping day in U.S. history
NEW YORK - It sounds outdated, but Cyber Monday is still a thing. The day of online sales was invented by retailers in the early days of the internet. It made sense because people had poky dial-up...
View ArticleApple to open small campus in San Diego with 1,000 jobs
SAN DIEGO – Apple has plans to create 20,000 jobs in the United States, including 1,000 new jobs in San Diego, over the next five years. The company said Thursday it will spend $1 billion to build a...
View ArticleSears reaches 11th hour deal to stay in business
NEW YORK — Sears was facing the possibility of shutting down, until it reached an 11th-hour deal Tuesday to stay open, at least for now. After two long delays at a morning hearing in bankruptcy court,...
View ArticleCEO churn was the highest last year since 2008
NEW YORK — In an uncertain business environment, American companies are shaking up their management. A record number of CEOs left their jobs last quarter, according to a report released Wednesday by...
View ArticleGymboree’s second bankruptcy will kill the brand
SAN FRANCISCO — It’s the end of the line for Gymboree. The children’s clothing retailer filed for bankruptcy for the second time in less than two years late Wednesday. This bankruptcy will bring about...
View ArticleVictoria’s Secret to close 53 stores
COLUMBUS, Ohio – Victoria’s Secret plans to close 53 stores this year as more women desert the brand for lingerie startups and big retailers. Sales at stores open at least a year fell 7% during...
View ArticleStrong holiday season helped Target cap off best year since 2005
NEW YORK — Target capped off its best year in more than a decade with a strong holiday shopping season. Sales at Target stores open at least a year grew 5% last year — its best performance since 2005....
View ArticleWhy Tesla’s decision to close hundreds of stores is risky
SAN DIEGO — Tesla thinks the future of auto sales is online. That may be true, but the company is taking a big risk by closing its stores. Last week Tesla announced it would begin to close most of its...
View ArticleFamily Dollar will close nearly 400 stores
SAN DIEGO – Family Dollar will close 390 stores this year and make big changes to the stores it is keeping open as the discount chain seeks a turnaround. Family Dollar sells a variety of items for...
View ArticleNorth County small businesses expect growth to continue in next two years
SAN DIEGO – More than 80 percent of small businesses along the state Route 78 corridor in northern San Diego County expect to grow financially over the next two years, according to a study released...
View ArticleNetflix is raising prices next month
LOS ANGELES — Netflix subscribers are about to get a bigger monthly bill. The streaming service sent emails this week to US subscribers about a price increase that starts in their next billing cycle....
View ArticleBank of America will hike its minimum wage to $20
NEW YORK — Bank of America is raising its minimum pay to $20 an hour for its more than 205,000 employees. The company will implement the new minimum wage over the next two years, according to comments...
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Is automation actually a job killer?
SACRAMENTO - Thousands of employees work at the 1 million-square-foot Amazon fulfillment center in Tracy. But there are many more, who don’t get paid for the work they do. Hundreds of automated...
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America’s 10 favorite grocery stores
Lower price advertisements are displayed as a woman shops at Wegmans Foods store in Fairfax, Virginia, on February 24, 2011. (JEWEL SAMAD/AFP/Getty Images) NEW YORK – Wegmans knocked Trader Joe’s, a...
View ArticleChipotle says most of their restaurants were hacked with credit card stealing...
NEW YORK — A cybersecurity attack that hit most Chipotle restaurants allowed hackers to steal credit card information from customers, the burrito chain confirmed. The company first acknowledged the...
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Amazon Prime Day 2017: The best deals, hidden discounts and more
Amazon's annual day of deals kicks off at 6 p.m. PST on Monday. It's the third installment of Prime Day, and the event has already proven to net massive sales. This year the company has promised it...
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