New Education Secretary Betsy DeVos is making sweeping changes to federal student aid programs, like taking away protections from borrowers and putting all loan servicing in the hands of one private firm. Now the top official at the Office of Financial Aid has resigned after reportedly butting heads with DeVos and warning his colleagues concerns with the Department’s management. [More]
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Uber President Leaving Company After Just Six Months
By 3.20.17
It’s been a rough couple of months for Uber, with the brief-but-viral #DeleteUber campaign, and the company’s CEO being caught on camera berating one of his own drivers. Now comes news that Uber President Jeff Jones is exiting the company after less than a year on the job. [More]
Sam’s Club CEO Exiting As Company Moves To Win Over Costco Shoppers
By 1.6.17
In recent years, Sam’s Club CEO Rosalind Brewer has led the warehouse store’s efforts to compete for Costco’s more affluent shoppers, but as sales at the Walmart-owned chain remain unremarkable, Brewer will soon retire.
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Supervalu Selling Off Save-A-Lot Supermarket Chain For $1.4B
By 10.17.16 — Updated: 11.1.16
Supermarket operator Supervalu will have one fewer chain in its portfolio soon, after announcing that it’s selling off discount grocer Save-A-Lot to a Canadian investment group for $1.37 billion. [More]
Best Buy Closing 160 Samsung Mini-Stores, Expanding 250 Others
By 8.3.16
In recent years, Best Buy has taken to carving up some of its stores’ square footage and turning those areas into stores-within-a-store, including a slew of Samsung Experience Shops. Three years into the project, it seems the retailer is changing a few things up. [More]
Toys ‘R’ Us Closing 110,000-Square-Foot NYC Flagship Store At End Of The Year
By 12.2.15
This will be the last holiday shopping season for the Toys ‘R’ Us flagship location in Manhattan, as the retailer plans to leave its 110,000-square-foot mega-store at the end of the month. [More]
Here Are The 13 Target Stores Closing In January
By 11.4.15
For the second time this year, Target is closing underperforming stores. But unlike that first round of closures, which was focused on the retailer’s flagging Canadian operations, this time the shuttered stores are all stateside.
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