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.
-
DHS preps for major ICE expansion, rankling local law enforcementIN THE SPOTLIGHT As the Trump administration positions ICE as the primary federal police force, its recruitment efforts have been met with a less-than-enthusiastic response
-
The return of 'Wednesday,' an 'Alien' prequel and a dramatic retelling of the Amanda Knox trial all happening in August TVthe week recommends This month's new television releases include 'Alien: Earth,' 'The Twisted Tale of Amanda Knox' and a new season of 'Wednesday'
-
How does a 401(k) hardship withdrawal work and is it smart to take one?the explainer More Americans than ever are resorting to this option in a pinch
