Corporate Shakeups
Major layoffs, company closures, industry disruptions, recalls, platform shutdowns, and business events that affect consumers and workers.
Latest in Corporate Shakeups
Oracle’s 30,000 job cuts are the largest of a 2026 layoff wave that has now passed 209,000 workers
Oracle’s decision to eliminate roughly 30,000 positions this year now stands as the single largest job cut of 2026, a reduction equal to nearly one-fifth...
Kroger is closing about 60 supermarkets, and shoppers in five states may have to move a prescription
Kroger plans to shut roughly 60 underperforming supermarkets over about 18 months, a retrenchment already visible in Georgia, Illinois, Indiana, Virginia, and West Virginia. For...
CVS is opening about 60 stores in 2026 after years of closures, a sign the drugstore pullback may be easing
After several years in which the biggest U.S. drugstore chains shrank their store counts, CVS is planning to open roughly 60 new locations in 2026....
Nearly 8,000 U.S. stores are on pace to close in 2026, a record that takes pharmacy counters with them
The United States is on pace for close to 8,000 retail store closures in 2026, a total that retail analysts project would set a record...
Kroger is closing about 60 stores across roughly 15 states, taking their in-store pharmacy counters with them
Kroger is closing about 60 supermarkets by the end of 2026, and the roughly 39 already shuttered stretch across some 15 states. The nation’s largest...
Walgreens is closing about 100 stores and cutting 628 jobs, moving prescriptions to nearby pharmacies
Walgreens is closing roughly 100 stores and eliminating 628 corporate and warehouse jobs this year, the latest contraction at a chain that has spent two...
Carter’s is closing about 100 children’s-clothing stores as part of a larger retreat
Carter’s, the largest branded marketer of children’s apparel in the country, plans to close roughly 150 stores over three years, with about 100 of those...
Macy’s plans to close up to 150 stores by the end of 2026, so cardholders should spend rewards before their store shuts
Macy’s expects to shut roughly 150 department stores by the close of its 2026 fiscal year, the final stretch of a three-year retrenchment that has...
The parent of QVC and HSN filed for bankruptcy to restructure $6.6 billion in debt
QVC Group, the parent company of QVC and HSN, entered Chapter 11 bankruptcy this year carrying roughly $6.6 billion in funded debt and a plan...
At Home now plans to close 32 stores in bankruptcy, up from 26
At Home, the big-box home-decor chain, has widened its bankruptcy closure list to 32 stores, up from the 26 it first announced. The retailer filed...
Saks is closing eight Fifth Avenue stores and roughly 57 outlet locations
Saks Global is shutting eight Saks Fifth Avenue department stores and closing roughly 57 of its Off 5th outlet locations as the luxury retailer works...
Rite Aid has closed its last stores amid nearly 3,000 pharmacy closings nationwide
Rite Aid has shut the doors on its last remaining stores, ending more than six decades in business and closing a chapter in a retail...
More than 1,500 U.S. stores are closing in 2026, and a lost pharmacy can strand seniors
The pace of American store closures is accelerating again in 2026, with retail analysts at Coresight Research tracking more than 1,500 shuttered locations so far...
Walgreens is closing 1,200 stores, and seniors’ prescriptions move automatically to a nearby pharmacy
Older customers who fill regular medications at Walgreens face a practical question buried inside the chain’s long retrenchment: what happens to a prescription when the...
QVC won court approval to restructure its debt while leaving vendors’ claims unimpaired
QVC Group has cleared the central legal hurdle in its effort to cut a heavy debt load without pushing ordinary vendor claims into the loss...
Big Lots is closing dozens more stores by September, so shoppers should use gift cards now
Big Lots, the discount chain that looked headed for extinction after its 2024 bankruptcy, is closing another round of stores this year under new ownership,...
Papa John’s is closing about 300 North American locations and cutting 7% of corporate staff
Papa John’s, one of the largest pizza-delivery chains in the country, is pulling back. The company has announced plans to close roughly 300 locations across...
Francesca’s is holding going-out-of-business sales at all 400 of its stores
Francesca’s, the boutique-style women’s apparel and accessories retailer, is now running going-out-of-business sales across its entire store base. After filing for Chapter 11 bankruptcy protection,...
Eddie Bauer has filed for Chapter 11 bankruptcy while running about 180 stores
Eddie Bauer, the outdoor and casual-apparel brand with roots stretching back nearly a century, is once again working through bankruptcy court. The company that operates...
Claire’s has filed for bankruptcy again and will close at least 18 U.S. stores
Claire’s, the mall-based accessories chain known for pierced ears and inexpensive jewelry, has returned to bankruptcy court. The company filed for Chapter 11 protection again...