Consumer News: Rite Aid closing 63 stores, thousands of workers return to Kellogg’s after strike and more

Consumer News with ABC Columbia is brought to you by Grow Financial.

CNN– Another closure announcement from a major drug store chain. Rite Aid is closing 63 stores which it says will save the company about $25 million a year. Fewer people are heading to brick and mortar drug stores to fill prescriptions. This announcement comes after CVS announced the closure of 900 stores over the next three years. The Rite Aid locations that will be shutting down haven’t been announced.

The 11 week Kellogg’s workers strike is ending after a tentative deal was reached with the company. About 1,400 union members at four cereal plants are set to return to work next week. They had been on strike since October. Kellogg’s says it is pleased to have reached a deal to bring workers back. The new five-year labor agreement includes a cost-of-living pay increase and ensures the four cereal plants don’t close during that time. Among the cereals they make are Corn Flakes, Frosted Flakes, Rice Krispies, and Froot Loops.

As we inch closer to the two-year mark of the COVID-19 pandemic, more and more items are becoming harder to find. Now, we can add candy canes to the list. That’s because of the global supply chain issues including backups at ports, shortages of drivers and service workers. According to the U.S. Department of Agriculture, peppermint production has declined nearly 25% over the past decade. Candy stores say, even though there isn’t an abundance this year, the candy canes they do have are flying off the shelves.

Categories: National News