The Covid-19 pandemic boosted the popularity of online shopping as people were stuck at home. However, coming out of lockdown, the shopping experience has changed, inspiring a new round of debate over whether brick-and-mortar stores can survive in the digital age. The shopping experience has gotten worse “Going to the store … is a battle that…
A recession impacts the middle and lower classes more than the wealthy. But during a “richcession,” it’s the “well-heeled who take a bigger hit than usual,” according to The Wall Street Journal’s Justin Lahar, who coined the term. At the beginning of the year, experts warned of a richcession, claiming that industries such as the luxury goods…
Anchor Brewing Co., the iconic San Francisco brewery opened in 1896 and purchased by Japan’s Sapporo in 2017, announced Wednesday it has stopped brewing its ales and will cease operations in the coming weeks. Anchor spokesman Sam Singer said the brewery was “losing millions of dollars a year” and had informed its 61 employees of…