Francesca’s files for bankruptcy, to close all stores nationwide

Check out what’s clicking on FoxBusiness.com. Women’s specialty retailer Francesca’s filed for Chapter 11 bankruptcy protection and launched going-out-of-business sales across all of its stores. The company, founded in Houston in 1999, announced Friday that it voluntarily filed for protection in the U.S. Bankruptcy Court for the District of New Jersey. The retailer said the […]

Pizza Hut to close ‘underperforming’ restaurants

‘Bar Rescue’ host Jon Taffer joins ‘Varney & Co.’ to discuss how weight loss drugs, inflation and rising costs are reshaping America’s restaurant industry. Pizza Hut will close about 250 locations in the U.S. through June as its parent company, Yum! Brands, moves to shut underperforming stores and reassess the brand’s long-term strategy, executives said. […]

Amazon to expand same-day delivery, close some stores in Whole Foods expansion push

The logo of Amazon | Photo Credit: DAMIEN EAGERS Amazon said on Tuesday ‍it would expand its same-day ​delivery service to more U.S. ‌cities this year while ​closing some of its Amazon Go and Amazon Fresh physical locations to convert them into Whole Foods supermarket stores. The company said it ​plans to invest in ⁠opening […]

India’s quick-commerce bubble may be close to bursting, Blinkit CEO warns| Business News

India’s quick-commerce sector is hurtling towards a shakeout, Blinkit’s Chief Executive Officer Albinder Dhindsa said, while maintaining that his company would survive and thrive. Blinkit, part of Deepinder Goyal-led Eternal Ltd. that also includes Zomato, is yet unprofitable, despite its cash pile, as it keeps investing to enter new markets. (Reuters) The quick-commerce model, which […]

Apple, Google close in on $1-billion/year AI deal to use Gemini for Siri| Business News

Apple Inc. is planning to pay about $1 billion a year for an ultrapowerful 1.2 trillion parameter AI model developed by Alphabet Inc.’s Google that would help run its long-promised overhaul of the Siri voice assistant, according to people with knowledge of the matter. Apple and Google are finalising a deal that would give Apple […]