Joe’s Crab Shack Owner To File For Bankruptcy


The once robust and ubiquitous American restaurant industry continues to slowly disappear. The operator of Joe’s Crab Shack and Brick House Tavern restaurant chains is preparing to file for bankruptcy. The quick and casual dining sector has been facing major decreases in customer traffic, and Ignite Restaurant Group is no exception.

U.S. Retailer Marsh Supermarkets Files for Bankruptcy


Marsh Supermarkets, Inc., a retail food chain with stores throughout Indiana and parts of Ohio, filed for Chapter 11 bankruptcy in May, as it looks to sell off its remaining 44 stores. Founded in 1931 by Ermal Marsh, the business was running 116 supermarkets and 154 convenience stores in 2006 when Sun Capital took the (more…)

President Trump’s Proposed Budget Could Bankrupt Cities and Towns


President Trump’s Proposed Budget Could Bankrupt Cities and Towns On May 23, 2017, the Donald Trump administration sent its budget proposal to U.S. Congress. The budget, which White House Budget Director Mick Mulvaney says should be called “A Taxpayer First Budget,” is aimed at respecting taxpayers, balancing the budget, and returning the country to sustainable (more…)

Several Southeastern Grocers Store Closings Resulting in Layoffs

Store Closed

Southeastern Grocers LLC—the parent company of BI-LO, Harveys, Winn-Dixie, and Fresco y Más grocery stores—announced that it will be closing 20 stores. This is expected to lead to an unspecified number of layoffs. Southeastern Grocers is the fifth-largest conventional supermarket chain in the United States and the second-largest conventional supermarket in the southeast U.S., based (more…)

Ford to Lay Off 10% of Workers


Ford Motor Company (NYSE:F) is probably the most iconic American auto manufacturer in history. Yet, despite being the leading seller of trucks and SUVs—at a time when sales are soaring—Ford is expected to announce it will lay off 20,000 employees, which is about 10% of its global workforce. Of Ford’s 200,000 employees, half of them (more…)