Group 1 Automotive Inc. has agreed to purchase Prime Automotive from GPB Capital Holdings, a New York investment firm that has become the target of investors’ lawsuits and criminal allegations.
retail
Posted inBusiness, Nation & World
Americans spent less in July as COVID-19 cases surged
Spending fell at stores that sell clothing, furniture and sporting goods.
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Posted inOp-eds, Opinion
Commentary: Millennials should beware of proliferating payment apps
Younger consumers may be wary of credit cards. But ‘buy now, pay later’ technology could encourage bad spending habits.
Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Landmark new Maine law more fairly allocates products’ real costs
Gov. Mills should sign L.D. 1541, so towns and cities won’t have to keep picking up the tab for product disposal and recycling.
Posted inBusiness
Retail workers are quitting at record rates for higher-paying work
Experts say some employees may return to the industry once pandemic-related challenges ease, but others are turning to industries where workers are in high demand.
Posted inBusiness, Nation & World
May retail sales fell 1.3% as Americans spend less on goods
Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods.
Posted inBusiness, Nation & World
Large nationwide mall owner files for Chapter 11 bankruptcy
Rent collections dried up and tenants filed for bankruptcy or went out of business as the pandemic spread around the nation in 2020.
Posted inBusiness, Maine
Bull Moose rehires laid-off workers and issues apology
The Maine-based chain says it ‘did not act anywhere near how we want to be as a company.’
Posted inBusiness, Maine
Bull Moose rehires laid-off workers, issues apology
The Maine-based chain said it “did not act anywhere near how we want to be as a company.”
Posted inBusiness, Maine
Businesses celebrate unmasking, but some customers hesitate
Maine’s indoor mask mandate and other pandemic restrictions expired Monday, as the state aligned with recommendations from the U.S. Centers for Disease Control and Prevention.