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Category: Economy

Zales, Jared’s, and Kay to close 170 stores amid slow sales and fake diamond scandal

Signet Jewelers Limited, the world’s largest retailer of diamond jewelry, announced plans to close between 165 and 170 stores by early 2018. Signet is the parent company to Zales, Kay Jewelers, and […]

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Shoppers, markets lose with Philly soda tax

Consider the impact on consumers. Mobile consumers have the ability to drive to nearby suburbs and buy their beverages without paying the tax, as well as their other groceries. They’ll save a little money, but take on the hassle of driving, spending money on gasoline, and adding to traffic. Proponents of the soda tax have suggested that after some period of time consumers will adjust and go back to shopping in their usual city store. I strongly disagree.