Good day, Bad day
A name change, A stiff drink
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)
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
Selfies ban in art galleries: a sign of the times?
Talking Point Priceless art has been damaged by visitors desperate to take a snap with star attractions, leading some galleries and museums to start fighting back
-
Quiz of The Week: 21 – 27 June
Have you been paying attention to The Week's news?
-
The Week Unwrapped: How do you turn plastics into paracetamol?
Podcast Plus, what is the Wagner Group doing now? And why is it so hard to find a job after university?