Leading grocery chain makes $2.6 billion in cuts, closures

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A 100-year-old grocery chain has been acquired by a rival following a series of store closures. The closures are attributed to rising inflation and changes in federal policies affecting the Supplemental Nutrition Assistance Program (SNAP), making it harder for families to afford basic necessities. This situation reflects broader challenges in the grocery sector as companies struggle to adapt to economic pressures.

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A popular coffee chain is closing its headquarters following a bankruptcy filing, highlighting the challenges faced by businesses in the current economic climate. Despite coffee being viewed as an affordable luxury, rising costs and market volatility have strained operations. The closure reflects broader issues within the industry, as companies grapple with high expenses and legal challenges while trying to maintain consumer demand.