Sun.Jun 15, 2025

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Macy’s Store Closures Partially Responsible for 274% Increase in Retail Layoffs, According to a New Report

RetailWire

Macy’s store closures were part of the reason for the recent round of retail layoffs, according to a new Challenger, Gray & Christmas analysis published by Fox Business. The report paints a grim picture for U.S. workers: Employers announced roughly 696,000 job cuts between January and May 2025—an 80% jump from the same stretch last year. Retail has borne a disproportionate share of that pain.

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Papa Johns Receives $2 Billion Purchase Bid From Apollo Global Management

RetailWire

Few brands in the quick-service space generate as much boardroom drama as Papa Johns. Now the pizza chain has a fresh plot twist: Private-equity giant Apollo Global Management and Qatari-backed Irth Capital Management have lobbed a joint, all-cash offer worth roughly $2 billion—or just over $60 a share—to take the company private. News of the bid sent shares up 7.5% and re-ignited speculation that Papa Johns’ next growth act may unfold away from Wall Street’s spotlight.