Paul Roberts
Business Reporter at Seattle Times
Carefully covering capitalism in the 21st century for The Seattle Times. News tips/harangues: [email protected]
Articles
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1 week ago |
seattletimes.com | Paul Roberts
After 135 years as one of the Seattle area’s most cherished retail brands, Bartell Drugs will go out not with a bang but a rebrand, as its 20 remaining locations become CVS stores, CVS announced Friday morning. The demise of the Bartell brand had been largely expected even before Bartell Drug’s bankrupt parent, Rite Aid, said May 15 it planned to sell 64 Rite Aid and Bartell stores in Washington, Idaho and Oregon to CVS.
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1 week ago |
seattletimes.com | Paul Roberts
It took more than half a century for developer Martin Selig to build one of Seattle’s largest downtown office portfolios — and barely six months to lose control of most of it. Since late last year, 19 of Selig’s roughly 30 downtown buildings have been put under outside management or turned over to lenders after pandemic-related vacancies left the 88-year-old developer unable to cover more than $850 million in loans.
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2 weeks ago |
seattletimes.com | Paul Roberts
If U.S. trade policy seems to shift by the week, the economic costs for trade-dependent states like Washington are steadily piling up. At the ports of Seattle and Tacoma, inbound container traffic dropped substantially in May as heavy U.S. tariffs on imports from China and elsewhere led to mass cancellations of shipments.
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3 weeks ago |
seattletimes.com | Paul Roberts
Rite Aid said on Friday it will shutter another 17 stores in Washington, including four locations of its Bartell Drugs subsidiary, as the court-approved liquidation of the bankrupt drugstore chain appears to be picking up speed. The 17 locations were listed in a Friday court filing that included more than 200 new Rite Aid closures nationwide.
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3 weeks ago |
buff.ly | Paul Roberts
Rite Aid said on Friday it will shutter another 17 stores in Washington, including four locations of its Bartell Drugs subsidiary, as the court-approved liquidation of the bankrupt drugstore chain appears to be picking up speed. The 17 locations were listed in a Friday court filing that included more than 200 new Rite Aid closures nationwide.
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RT @rpyers: guess they won't be needing that anymore...
Another day, another slew of #RiteAid closures. Today's includes 17 in WA, four of them #Bartells, and adds to concerns that the hundreds of Rite Aid/Bartells stores that weren't sold to rivals like #CVS during the bankruptcy will simply be shut down https://t.co/WN9XlAeeeH
Seattle-area homebuyers skittish amid high rates, economic uncertainty via @heidigroover https://t.co/3Pa53g4kRK