Industry News

As global tensions rise and energy costs remain volatile, recent developments in both U.S. domestic policy and foreign military actions are bringing renewed attention to the vital link between oil, national security, and international stability.

Inflation expectations among American consumers have slightly eased, offering a positive sign for the Federal Reserve as it attempts to manage persistent price pressures. The University of Michigan's preliminary consumer sentiment index showed that one-year inflation expectations dropped to 3.1% in June, down from 3.3% the previous month. This shift marks the lowest level since March and aligns more closely with the Fed’s long-term inflation target of 2%. Meanwhile, five-year inflation expectations also edged lower to 3.0%, down from 3.1%.

Hooters of America has permanently closed more than 30 company-owned restaurants nationwide as it progresses through Chapter 11 restructuring. These closures, confirmed by recorded phone messages and local reports, include locations in key Sun Belt markets like Texas, Florida, Georgia, and North Carolina.

Monro Inc. will close 145 underperforming locations by the end of June, reducing its footprint to 1,115 company-owned and 48 franchised stores. The move comes amid inflation-driven challenges and a broader turnaround effort led by new CEO Peter Fitzsimmons and AlixPartners. Monro is also restructuring its real estate, including the $9.6M sale of its former HQ, with plans to refocus growth on high-performing markets.

US imports from China are projected to fall by over 40% as American companies diversify supply chains amid rising geopolitical risks. Retailers are increasingly sourcing from Vietnam, India, and Mexico, reflecting a long-term shift away from dependence on Chinese manufacturing.

Franchise Group is selling Vitamin Shoppe to Kingswood Capital Management and Performance Investment Partners, marking another major private equity play in the retail space. The $193.5 million deal reflects a growing trend of PE-backed investments aimed at reviving established retail brands.