Interim CEO Ron Sargent confirmed the closures are necessary to cut costs and reinvest savings.
The significant price increase, along with quality issues and competition, has hurt its reputation.
Rising costs and shrinking wages have high earners questioning whether the American Dream is still achievable.
Featuring dual autographs and game-used patches, the 2007-08 Upper Deck Exquisite card now reigns as the world's most valuable sports collectible.
Passengers take Delta and United to court over claims they charged more for seats with no real windows.
Walmart delivered a mixed set of second-quarter results, underscoring the pressures of rising costs and tariffs on the world's biggest retailer.
Target's sales fell 1.9% in Q2 as store traffic declined and margins tightened.
Hundreds of Jobs at Risk as AT&T Centralises Help-Desk Sites and Enforces Relocation in £2.4 Billion Restructuring Plan.
Mercury Insurance's controversial rate increase under California's new wildfire modelling law ignites public fury and raises questions about disaster-driven pricing.
From rental properties to senior care, Cody Sanchez reveals six 'recession-proof' ventures she argues give entrepreneurs the best chance of long-term success.
In a major policy shift, Walmart responds to employee feedback and inflation pressures by extending its staff discount to cover 95% of grocery products.
Buffett's latest multi-billion-dollar move into troubled healthcare sparks speculation over his long-term market vision.
