Forget the egg crisis, key breakfast drink maker nears bankruptcy

Retail and food services have had a difficult start to 2025 as sales declined by 0.9% in January after four-straight monthly gains, though retail sales excluding vehicles and auto parts fell by 0.4%, according to KPMG data.

The economic distress caused by rising inflation, increased interest rates, and changing consumer attitudes toward spending have led several retail and restaurant establishments to launch out-of-court restructurings, file for bankruptcy, and close business locations.