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Conn’s HomePlus closing all stores nationwide, including six in Colorado
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Rocky Mountain Voice, State

Conn’s HomePlus closing all stores nationwide, including six in Colorado

By BRIAN PORTER | Rocky Mountain Voice Some Coloradans might be able to find a great deal on furniture, appliances, electronics, bedding and more as Conn's HomePlus prepares to close all of its stores nationwide. In July, the retailer announced plans to close a little less than half of its locations as part of a Chapter 11 bankruptcy filing. Instead, it will shutter all 174 stores, eliminating about 4,000 jobs in 15 states. The top of the company's website on Tuesday displayed a "Going out of business sale" banner, boasting 30-50% off everything in store and on the website. Conn's HomePlus operates six locations in Colorado, a search of the website details. These include:7360 W. 52nd. Ave., Arvada.60 S. Abilene St., Aurora.340 N. Academy Blvd., Colorado Springs.550 E. 102nd Ave...
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Big Lots shuttering more than half of Colorado locations among 300 nationwide
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BizWest, State

Big Lots shuttering more than half of Colorado locations among 300 nationwide

By Christopher Wood | BizWest Discount retailer Big Lots Inc. (NYSE: BIG) will close more than half of its remaining Colorado stores, including locations in Greeley and Longmont. The Columbus, Ohio-based company is closing almost 300 stores nationwide, including at least eight of its 14 locations in Colorado. The closures come a year and a half after Big Lots shuttered locations in Fort Collins, Arvada, Denver and Englewood. READ THE FULL STORY AT BIZWEST
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Merger between Kroger, Albertsons on hold until Denver court rules on state lawsuit
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kdvr.com, State

Merger between Kroger, Albertsons on hold until Denver court rules on state lawsuit

By Maddie Rhodes | Fox 31 News The Kroger and Albertsons merger has been put on pause until Denver’s district court rules on the lawsuit brought on by the state of Colorado. The two grocery store chains announced their plans to merge, however, this was met with much controversy as many said this would create a monopoly. In February, the U.S. Federal Trade Commission sued to block the $24.6 billion merger between the grocery chains, saying the lack of competition would lead to higher grocery prices and lower wages for workers. READ THE FULL STORY AT FOX 31 NEWS
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Platte River to break ground on largest solar project in Northern Colorado
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BizWest, Local

Platte River to break ground on largest solar project in Northern Colorado

By BizWest Platte River Power Authority will officially break ground on its Black Hollow Solar project, which will provide enough electricity to power more than 36,000 homes a year. The authority will host a groundbreaking ceremony on Wednesday to commemorate its largest solar project to date, the Black Hollow Solar project. The plan is to complete it by 2025 and deliver roughly 367,000 megawatt-hours of energy to Platte River’s system every year, according to a news release. The pandemic, tariffs and other challenges delayed the project for three years, the release said. READ THE FULL STORY AT BIZWEST
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John Deere will layoff more than 600 in production shift to Mexico
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Fox Business, National

John Deere will layoff more than 600 in production shift to Mexico

By Michael Dorgan  | Fox Business John Deere, the world’s largest seller of tractors and crop harvesters, on Friday announced another wave of layoffs, telling around 610 production staff at plants in Illinois and Iowa that they will be out of a job by the end of the summer.   The company is slashing around 280 workers from a plant in East Moline, Illinois, while another 230 employees are being let go at a factory in Davenport, Iowa. About 100 production employees at the company’s Dubuque, Iowa, plant will also be impacted. All layoffs are said to be effective from Aug. 30, the company tells FOX Business. The layoffs are being made due to reduced demand for John Deere's products from those factories. The company says it generated $10.166 billion in profits last ye...
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Name change: Westminster Legacy Foundation now the Westminster Community Foundation
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BizWest, Local

Name change: Westminster Legacy Foundation now the Westminster Community Foundation

By BizWest The Westminster Legacy Foundation, a philanthropic group formed in 2001 by former Westminster mayor Nancy Heil, has been rebranded to the Westminster Community Foundation. The nonprofit group also got a colorful new logo that depicts the belltower at Westminster City Hall.  “We hope our new name and logo drives Westminster residents to our website and promotes giving,” Westminster Community Foundation board of directors president Mike Lazar said in a prepared statement. “Philanthropy has the power to inspire hope and optimism. Each and every one of us can make a difference.” READ THE FULL STORY AT BIZWEST
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Your Social Security COLA increase could be smaller than expected next year
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Fox Business, National

Your Social Security COLA increase could be smaller than expected next year

By Megan Henney  | Fox Business Social Security recipients are on track to receive a cost-of-living adjustment (COLA) next year that is smaller than previously expected after inflation moderated more than expected in May. Mary Johnson, a retired Social Security and Medicare analyst, estimated the adjustment could be about 3%, based on May inflation data, which showed the consumer price index was unchanged from the previous month and is up 3.3% from the same time last year. Both figures are lower than expected, suggesting high inflation is loosening its grip on the U.S. economy. READ THE FULL STORY AT FOX BUSINESS
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Skilled workers are in demand; these trade jobs pay the most
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Fox Business, National

Skilled workers are in demand; these trade jobs pay the most

By Breck Dumas | Fox Business Trade jobs in the U.S. are in a renaissance with high demand for skilled workers and waning interest in college among young adults. The shortage of workers in the trades has driven up the pay, making those positions more attractive and the training a better payoff than a four-year college degree, in many instances. Using data from the U.S. Bureau of Labor Statistics, job site Indeed recently reported that the average salary for a trade job in America is $61,900, but several occupations pay much more, even just starting out. READ THE FULL STORY AT FOX BUSINESS
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Report: Home foreclosures are on the rise again nationwide
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Fox Business, National

Report: Home foreclosures are on the rise again nationwide

By  Megan Henney | FOX BUSINESS Home foreclosures rose again in May as Americans continue to grapple with the ongoing cost-of-living crisis.  That is according to a new report published by real estate data provider ATTOM, which found that there were 32,621 properties in May with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That marks a 3% increase from the prior year, although it is down 7% from the same time last year.  "May’s foreclosure activity highlights nuanced shifts in the housing market," said ATTOM CEO Rob Barber. "While we observed a slight increase in foreclosure starts, the decline in completed foreclosures indicates resilience in certain areas." READ THE FULL STORY AT FOX BUSINESS
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Why Colorado Safeway stores wouldn’t be run by Kroger if merger goes through
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coloradopolitics.com, Local

Why Colorado Safeway stores wouldn’t be run by Kroger if merger goes through

By Bernadette Berdychowski | Colorado Politics Colorado has been one of the most vocal states against the proposed merger between grocery giants Kroger and Albertsons — the operators of the state’s King Soopers and Safeway stores. Amidst pressure from states such as Colorado and the federal government, Kroger and Albertsons announced in April it would divest 100 more stores than originally planned to ease worries from regulators that their $24.6 billion deal would harm American consumers. But the grocers' had a unique agreement for its stores in the Centennial State. Colorado is one of two states — the other being Arizona — where Kroger plans to license the Safeway brand to another grocer. READ THE FULL STORY AT COLORADO POLITICS
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