The home-goods chain plans to lay off some of its workforce and shutter 150 stores nationwide, and it’s not yet clear if any of Maine’s four branches will be affected.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
Real estate broker’s dream or nightmare: no inventory here either
Thousands of acres of land, but few houses or condos available for sale.
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Posted inBusiness, Maine
Housing squeeze remains a challenge for Sunday River Ski Resort
How to house and transport 1,200 employees in an already tight housing market.
Posted inBusiness, Maine
3,200 skiers per hour: Sunday River to debut 8-person chairlift
Improvements to Kansas trail among upgrades for 2022-2023 season.
Posted inBusiness, Nation / World, News
U.S. economy gains 315,000 jobs in August, could aid Fed’s inflation fight
Even though the job gain declined from July, the report still pointed to a resilient labor market and an economy that is not near recession.
Posted inBusiness, Maine, News
August rains eased drought, but parched areas remain
Less than half of the state was experiencing drought conditions as of Aug. 30, down from 72 percent just over a month ago.
Posted inBusiness, Maine, News
Thirteen Mainers talk about why they made a job change
Employers have struggled to fill positions since the pandemic upended Maine’s workforce
Posted inBusiness, Health, Maine, News
Health insurance premiums for Maine small businesses to decline slightly in 2023
The Mills administration credits a reform combining individual and small-market plans, but Republicans call the 0.8 percent decrease ‘a one-time, election-year minuscule savings.’
Posted inBusiness, Nation / World, News
Mortgage rates rise to 5.66%, weigh on housing market
A once red-hot housing sector has cooled considerably, with many potential home buyers getting pushed out of the market as higher interest rates have added hundreds of dollars to monthly mortgage payments.
Posted inBusiness, Maine
Arizona lobster roll chain buys processing plant and wharf in Maine
Owning the facilities eliminates middlemen, which the company says allows it to pay its workers competitive wages and keep lobster roll prices cheap for customers in the Southwest.