ECONOMICS

By Daphne Howland of RetailDive

Summary

• After declaring it would liquidate because no buyer could be found, LL Flooring on Friday said it has signed an agreement with private equity firm F9 Investments, its largest shareholder, for a going-concern sale of the business. 

• The deal is expected to close at the end of the month, subject to approval by the U.S. Bankruptcy Court for the District of Delaware and closing conditions. LL Flooring, formerly known as Lumber Liquidators, (more…)

One month ago, when multiple discount retailers (here and here) were lamenting the sudden colla (more…)

Authored by Jeffrey Tucker via The Epoch Times,

Ever since I started writing about fishy government economic statistics, I’ve been flooded with a fun series of letters from current and retired bean counters. They are thrilled that I’ve taken up the topic and have added various insights. The most compelling point I’ve seen—one that had not occurred to me—comes down to the innumeracy of the employees themselves. They lack the basic intuition to see where their figures just (more…)