GOOD DAY FOR: A name change, after California’s 99 Cents Only retail chain is planning to raise prices above 99 cents for the first time in 26 years. The store is one of the few “dollar” stores left where everything is still 99 cents or less. But the chain just had two consecutive quarterly losses, as higher food, fuel, and labor costs hit the pricing structure. (Los Angeles Times)
BAD DAY FOR: A stiff drink, after British pub chain JD Wetherspoon credited a turnaround in its lager sales to the introduction of Coors Light at its 694 pubs. Coors Light is now its third most popular lager. Wetherspoon and fellow British pub chains Punch Taverns and Greene King all reported poor results, which they blame on the U.K.’s economic slump, rising prices, and a new country-wide smoking ban. (MarketWatch)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
'Make legal immigration a more plausible option'Instant Opinion Opinion, comment and editorials of the day
-
LA-to-Las Vegas high-speed rail line breaks groundSpeed Read The railway will be ready as soon as 2028
-
Israel's military intelligence chief resignsSpeed Read Maj. Gen. Aharon Haliva is the first leader to quit for failing to prevent the Hamas attack in October
