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When we moved to our former house in the Tradition neighborhood of Port St. Lucie, Fla., we had two Starbucks, two Dunkin’s, and two local coffeehouses within a few miles of our house. A few years later, when we moved away, we still had two Starbucks, but the local, independent chains had both closed.

In their place, we added 7 Brew, Cali Coffee, Carmela (a regional chain), Vicky Bakery (a popular Cuban cafe chain), another Dunkin’, and a new independent coffee place.

It’s a staggering amount of competition in a fast-growing section of the city that’s only a few square miles. All of those added competitors come at a time when the overall market has been growing, but seems to have hit a wall.

“The Coffee and Snack Shops industry has experienced a wave of growth, emerging as a standout performer in the food service sector. It boasts an annualized growth rate of 2.5%, shooting revenues up to $75.5 billion over the five years to 2026,” according to IBISWorld’s Coffee & Snack Shops in the US Industry Data and Analysis.

Nationally, Americans also have more places to get their daily cup.

“The number of chain coffee stores in the U.S. jumped 19% to more than 34,500 over the last six years, according to Technomic, a consulting firm that researches the foodservice industry,” the Associated Press reported.

Current market conditions, however, seem to have worsened as American consumers have tightened their spending.

“This includes an expected 0.2% decline in 2026 alone as the Middle East conflicts have driven up crude oil prices, deterring customers from frequenting coffee and snack shops. As a result, profit is expected to fall as soaring operational costs eat up profitability,” IBISWorld showed.

It’s a situation that has led to Starbucks and Peet’s both closing underperforming locations, while a number of smaller chains and independent operators have shrunk or even closed down. Now, one high-end player in the space, Chenin LLC, which operates a Washington-area L’Experience Paris cafe, has filed for Chapter 11 bankruptcy.

Chenin LLC files Chapter 11 bankruptcy

Chenin LLC, the parent company of Bellevue bakery L’Experience Paris, filed for Chapter 11 bankruptcy protection Aug. 31 in the U.S. Bankruptcy Court for the Western District of Washington.

The cafe/restaurant remains open, and its owners plan to use the filing to reorganize the company’s finances while remaining open.

L’Experience Paris uses a cafe/restaurant model that’s different from a traditional coffeehouse.

More Bankruptcy:

“An experience, not merely a meal. In Paris, one does not queue for breakfast — one sits, and the café comes to you. Since 2018, we have kept that ritual on the Eastside: flour milled in France, butter churned in Normandy, and a table that is yours for as long as you care to linger. And when the day won’t wait, our counter sends you off with a baguette or box of pastries — Paris, à emporter,” the company explained on its website.

Although the overall company operates four locations in Washington state, the Chapter 11 filing only covers one Bellevue location.

Owner Julien Hervet told Puget Sound Business Journal that “Chenin was historically kept separate from the corporate structure governing the company’s other locations and that the bankruptcy filing is intended to bring the Bellevue entity in line with the broader organization.”

Cafes are fighting the fact that people can make coffee at home for less money.

Shutterstock

Coffee shops are feeling the pinch

While the number of coffeehouses has grown nationwide, consumers have been pulling back on discretionary spending, and the price of coffee beans has gone up.

“The arabica coffee contract run by ICE Futures U.S., which acts as a global benchmark for pricing coffee, hit a six-month high in July above $3.5 per lb. It has stayed close to that level despite market expectations of a substantial ​surplus in the 2026/27 season,” Reuters reported.

Other costs are rising as well, Black Rock Coffee noted in its annual report, and these can’t always be passed on to customers.

“We may not choose to increase prices in order to pass future increased labor or commodity costs on to guests, in which case our margins would be negatively affected. If we do not increase prices to cover increased labor or commodity costs, or if such increase is delayed, the higher prices could result in lower sales, which may also reduce margins,” the company shared.

Coffeehouses have also seen changes in customer behavior.

“Consumers visited burger and coffee chains less often and purchased fewer items per visit. Yet, spending per unit increased year over year, as restaurants have continued to increase prices in part to offset rising costs from commodity pressures and tariffs,” according to McKinsey’s What US Consumers Want from Restaurants in 2026.

RTM Nexis CEO Dominick Miserandino thinks the coffeehouse space has become so crowded that some players will inevitably fail.

“Coffee has become one of the most competitive parts of foodservice because the same customer may buy it five days a week, and every operator wants a piece of that habit. The problem is that good locations are expensive, labor is expensive and consumers usually have several alternatives within a few blocks,” he told TheStreet.

The major challenge facing coffeehouse chains isn’t getting customers to try a new brand.

“A new brand can draw a crowd when it opens. The real test is whether customers walk past three other coffee shops to come back,” he added.

Chenin LLC, L’Experience Paris Chapter 11 bankruptcty facts

  • Debtor: Chenin LLC
  • Case No.: 2:26-bk-12825-CMA
  • Court: U.S. Bankruptcy Court for the Western District of Washington
  • Judge: Christopher M. Alston
  • Filing Date: Aug. 31, 2026
  • Industry: Restaurants and Other Eating Places
  • Estimated Assets: $100,001 to $1 million
  • Estimated Liabilities: $100,001 to $1 million
  • Creditors: 1–49
  • Counsel: Andrew R. Escobar, Seyfarth Shaw LLP

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Adobe (ADBE) stock opened lower on September 11, and D.A. Davidson senior analyst Gil Luria believes the decline was justified.

Luria rates the software giant a Buy and has a $250 price target on the stock.

“Adobe has been characterized as an AI loser,” he admitted in a recent interview with CNBC today.

But it’s not all that’s weighing on its share price at writing, the analyst added.

Adobe shares have been disappointing for investors amidst AI disruption fears in 2026 – currently down more than 25% versus the start of this year.

CEO transition is hurting Adobe stock

Luria highlighted Adobe’s recent executive shakeup as another major weight dragging down the stock.

The company’s former chief executive Shantanu Narayen stepped down about three months ago – and it named an internal hire, Anil Chakravarthy, as successor alongside earnings last night.

According to the D.A. Davidson analyst, promoting from within after a “months-long” transition implies the board searched externally but failed to attract outside talent willing to steer the giant through its current crosswinds.

This clunky transition creates friction – leaving investors increasingly wary that ADBE shares lack fresh leadership perspective to navigate market pressures and reverse their year-to-date decline.

Note that Adobe doesn’t currently pay a dividend either to incentivize ownership despite dwindling sentiment.

Adobe earnings failed to alleviate AI disruption fears

Adding to the leadership uncertainty, Adobe’s fiscal Q3 earnings offered little to no comfort to an increasingly skeptical Wall Street.

The software giant bears the burden of proof to disprove the narrative that it is falling behind in the generative AI race.

And delivering merely in-line quarterly results does nothing to dismantle that harmful “AI loser” perception, he argued on “Closing Bell: Overtime”.

Luria emphasized that meeting baseline market expectations fails to give investors a compelling reason to believe ADBE can defend its moat against aggressively evolving AI rivals.

Without standout growth or definitive proof of AI monetization, the latest report reinforces fears that Adobe stock remains highly vulnerable to artificial intelligence disruption.

How to play ADBE shares after Q3 earnings

For ADBE stock to reverse its recent declines, management must lay out a clear and “actionable” roadmap to accelerate revenue growth, Luria noted.

According to him, Adobe could revive momentum by pursuing “financially accretive” acquisitions or forging high-impact AI ecosystem partnerships – similar to Salesforce Inc’s landmark deal with Anthropic – to prove its businesses will continue to expand.

Note that ADBE was briefly seen trading below its 100-day moving average (MA) this morning – indicating the bearish momentum could sustain in the near-term.

Investors should also note that despite holding a Buy rating, D.A. Davidson’s $250 price target is actually roughly in line with the price at which the software stock is trading already.

The post Analyst: Adobe stock's post-earnings dip isn't about AI disruption fears only appeared first on Invezz

Filecoin cryptocurrency can be expected to fall further to the next support level 0.666 (which has been steadily reversing the price from June).

  • Filecoin reversed from resistance zone
  • Likely to fall to support level 0.666

Filecoin cryptocurrency recently reversed down from the resistance zone lying between  the key resistance level 0.835 (which has been reversing the price from the middle of June, as can be seen from the daily Filecoin chart below), upper daily Bollinger Band and the 50% Fibonacci correction of the earlier downward impulse from the start of May. The downward reversal from this resistance zone accelerated stopped the c-wave of the earlier minor ABC correction 2.

Given the resumption of the bearish sentiment across the crypto markets and the overriding daily downtrend , Filecoin cryptocurrency can be expected to fall further to the next support level 0.666 (which has been steadily reversing the price from June).

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.

“You don’t win friends with salad.”

That’s a classic Homer Simpson line referring to his plan to host a barbecue where he cooks an entire pig, which horrifies his vegetarian daughter Lisa.

In reality, however, there’s some truth to what Homer Simpson says. Restaurants based around salad, including Salad and Go, which closed all its locations after a Chapter 11 bankruptcy filing, and Planta, a vegan chain that liquidated after a Chapter 7 bankruptcy filing, have struggled.

There’s actually strong business logic behind why these chains failed and other are struggling, according to “How Major Restaurant Chains Plan Their Menus,” an article that appeared in the American Journal of Preventive Medicine.

“Restaurants may try to avoid losing groups with a ‘health seeker’ by offering healthier foods (low in fat and calories, more fruits and vegetables) (27% of chains), but operators believe demand for healthier foods is not widespread. Additional obstacles to including healthier menu items are the short shelf life of produce (46%), increased preparation time, low sales, and high labor costs,” the data showed.

It’s hard to sell food that people may say they want, but don’t actually order when it comes time to eat. Good intentions don’t pay the bills. It’s a lesson Vinaigrette Salad Kitchen has learned, as it has now closed two-thirds of its locations.

Vinaigrette Salad Kitchen closes another location

Vinaigrette Salad Kitchen has shut down its final location in Louisville, Kentucky, the chain shared on Facebook.

“It’s with a heavy heart that we announce the closing of our Bardstown location,” the company shared. “…To everyone who has visited us, ordered with us, supported us, and made Vinaigrette part of your routine thank you! We are incredibly grateful for every meal, every conversation, and every memory we’ve shared with you.”

The chain still has two locations open in Lexington.

  • Vinaigrette Salad Kitchen reached six locations in Kentucky, with three in Lexington and three in Louisville, according to the Lexington Herald-Leader in April 2024.
  • The chain’s first location, in Lexington’s Townley Center, opened in 2014 and closed in April 2024 after 10 years. At the time, Vinaigrette had three Lexington locations and three Louisville locations, reported the Lexington Herald-Leader.
  • Vinaigrette closed two Louisville restaurants in 2025, reducing its Louisville presence from three locations to one, Louisville Business First reported.
  • In September 2025, Vinaigrette closed its downtown Lexington location on Broadway, leaving three restaurants: Hamburg and Palomar Centre in Lexington and Bardstown Road in Louisville, the Lexington Herald-Leader confirmed.
  • The chain now has two remaining locations in Lexington, according to its website, which has not removed the shuttered Bardstown location.

Vinaigrette Salad Kitchen serves salads, soups, grain bowls, and homemade lemonades, with a menu that includes vegan, dairy-free, and gluten-free offerings.

“The latest closure comes amid heightened scrutiny of the salad sector following a nationwide cyclospora outbreak linked to contaminated iceberg lettuce,” Louisville Business First reported.

Healthy restaurants have struggled to find customers.

Shutterstock

FDA issues cyclospora update

Vinaigrette Salad Kitchen was not implicated in the cyclospora outbreak, but that scandal has added another challenge for salad-focused restaurants.

“A cyclospora outbreak in July, in which Salad and Go was not implicated, weakened confidence across the industry and compounded these challenges,” Salad and Go shared on its now closed Facebook page.

Taylor Farms de Mexico announced on July 17 that it is voluntarily removing all iceberg lettuce sourced from central Mexico from the U.S. market, according to the FDA. That includes products sold at Walmart and at various Taco Bell locations.

The FDA shared a list of impacted locations:

  • Cases with Taco Bell exposure have been reported from nine states:  IL, IN, KS, KY, MI, OH, OK, PA, and WV.
  • Foodservice: Taylor Fresh Foods distributed recalled iceberg lettuce products from June 29 through July 16 in AL, AR, CT, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, NH, NJ, OH, OK, PA, SC, TN, TX, VA, and WI. 
  • Retail stores: Recalled Marketside-brand products were sold at select Walmart stores in: AL, AR, FL, GA, IN, KS, KY, LA, MO, MS, OK, TN, TX, VA, and WV.
  • Restaurants: Any Taco Bell locations that received recalled iceberg lettuce from Taylor Farms de Mexico. Taco Bell has indicated they are no longer using lettuce from Taylor Farms de Mexico as of July 17, 2026. 

More Restaurants:

The FDA also shared what symptoms to watch for if you may have been exposed.

“Most people infected with Cyclospora develop diarrhea, with frequent bowel movements. Other common symptoms include loss of appetite, weight loss, stomach cramps/pain, bloating, increased gas, nausea, and fatigue. Vomiting, body aches, headache, and fever may be noted,” the federal agency shared.

Restaurants can’t serve what doesn’t sell

“Most People Don’t Choose Healthy Meals at Restaurants” is the headline of a Consumer Reports article showing that most restaurant meals Americans eat are not healthy.

“Half of the meals Americans order at sit-down restaurants and 70% of the ones they choose at fast-food establishments would get a failing grade for nutrition, according to a new study from Tufts University published in The Journal of Nutrition,” the magazine reported.

That’s something you can’t blame solely on the restaurants.

“Both consumers and restaurants have responsibility here: Restaurants can’t serve what doesn’t sell, and consumers can’t buy what’s not on the menu,” Dr. Dariush Mozaffarian, dean of the Friedman School of Nutrition Science and Policy at Tufts University, told Consumer Reports.

Chains offering salad and other healthy options are also being hurt by the economy and consumers looking to spend less.

“Buying groceries and making salads at home is always cheaper than buying one prepared to order at a counter, as is grabbing a protein bar or yogurt on the way out the door. For convenience-seekers, whole meals can be picked up at the supermarket or even ordered online,” Bloomberg reported.

Some consumers are also trading down.

David Portalatin, the food-service adviser at market research group Circana, told Bloomberg that the proportion of lunches bought from restaurants, cafeterias, and other food-service establishments “remained stable at 23% for the three months ended in September, signaling that dropping out of Sweetgreen might mean going to Chick-fil-A instead.”

ALSO READ: Pepsi has a convenience-store problem that’s not Coca-Cola

SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week’s decline as investors digested another major artificial intelligence compute agreement.

The latest contract could add $1.11 billion in monthly revenue beginning December 1, according to CFO Bret Johnsen, who disclosed the agreement at Goldman Sachs’ Communacopia + Technology Conference.

That translates to roughly $13.3 billion in annualized revenue from a single undisclosed customer, giving investors another reason to reassess SpaceX’s valuation as an AI infrastructure company.

SpaceX lands another major AI customer

Johnsen said SpaceXAI closed the new compute-hosting agreement in early September.

William Blair reiterated its Outperform rating on SpaceX following the announcement, noting that the $13.3 billion annualized agreement is separate from the $6.7 billion, six-month compute deal SpaceX disclosed during its August earnings call.

The latest contract marks the fourth major compute agreement announced by SpaceX over the past four months with annualized value exceeding $11 billion.

In May, SpaceX announced a $1.25 billion-per-month agreement with Anthropic.

The company followed that with a deal with Google in early June worth $920 million per month.

The rapid expansion of these contracts is changing how investors may view SpaceX’s revenue potential.

The company generated about $23 billion in revenue over the last 12 months, according to William Blair, while its market capitalization stands at roughly $2.01 trillion.

SpaceX has also guided toward $100 billion in annual recurring revenue by the end of 2026.

Johnsen indicated at the Goldman Sachs conference that the company has increased conviction in achieving that target by December.

“Bret Johnsen, SpaceX’s chief financial officer, indicated that he has even more conviction now in achieving the $100 billion ARR target in December,” William Blair analyst Louie DiPalma said.

SpaceX is also significantly increasing its planned AI compute capacity.

The company now targets between 5 and 10 gigawatts by the end of 2027, compared with its previous goal of 2 gigawatts by the end of 2026.

DiPalma believes SpaceX has an advantage in deploying capacity faster than competitors, while its relationship with Nvidia provides SpaceXAI with priority access to GPUs.

“SpaceX has benefited from its ability to deploy capacity much faster than peers,” DiPalma said.

Lockups remain an overhang

The AI momentum comes after a volatile week for SpaceX stock.

Shares fell around 3% on Wednesday after the company’s third scheduled lockup tranche released up to 319 million Class A shares, worth roughly $49 billion at recent prices.

Another 59.1 million affiliate shares were unlocked on Thursday.

The additional supply initially pressured the stock, but shares recovered modestly on Thursday and are now up 12% over the past 30 days.

Investors are still facing billions of dollars of additional shares becoming eligible for trading, which could create intermittent selling pressure.

By the end of 2026, roughly 4.9 billion SpaceX shares are expected to have become available for trading.

Investors have been cautious about buying ahead of potential profit-taking by early shareholders.

The post Why SpaceX stock is up around 1% on Friday appeared first on Invezz

Updated 11 September 2026, after the 8:30 a.m. ET BLS release. Spot gold is quoted at $4,385.04 an ounce, up 1.57% on the day (Trading Economics, 11 September). Verdict: August CPI landed in line at the headline and hot at the core, and the market’s response was to price a September hike as close to a done deal – yet gold went up, not down. The reason is that gold had already taken the punishment on Thursday’s PPI print and $100 oil; the CPI report removed the uncertainty rather than adding to it.

Key facts

  • Headline CPI rose 0.4% in August on a seasonally adjusted basis, putting the 12-month rate at 3.4% – the same pace as July and in line with the Dow Jones consensus (U.S. Bureau of Labor Statistics, released 11 September 2026).
  • Core CPI, which strips out food and energy, rose 0.3% on the month against a 0.2% forecast – the one genuinely hot line in the report. The core 12-month rate was 2.4%, matching expectations (BLS).
  • Hike odds repriced upward on the core miss. CME FedWatch was showing roughly 69% for a 25bp increase immediately before the release, and CoinDesk’s live coverage put traders near 90% within minutes of it. Published reads vary by the minute and by outlet – FXStreet cited 72% off Thursday’s PPI print – so treat the direction as the signal, not any single percentage.
  • Spot gold trades at $4,385.04, up $67.70 on the day (Trading Economics, 11 September). FXStreet had XAU/USD near $4,343 shortly before the release, recovering from an intraday low around $4,300, and Yahoo Finance noted gold opened at its lowest level since 6 August.
  • The rates complex barely moved at the long end. The 10-year Treasury yield sat near 4.95% and was flat on the day, while the 2-year added 6 basis points to 4.61% – a textbook hawkish-repricing shape, concentrated in the policy-sensitive maturity (CoinDesk).
  • The FOMC meets 15-16 September, with the decision on 16 September. A 25bp increase would take the target range to 3.75-4.00% (CBS News).

What the report actually said

The August Consumer Price Index, published by the Bureau of Labor Statistics on the morning of 11 September, showed the all-items index up 0.4% on a seasonally adjusted basis and 3.4% over the previous twelve months. That is the third consecutive print in the 3.3-3.4% band, and it is the number most forecasters had written down.

The surprise sat one level down. Core CPI – all items less food and energy – rose 0.3% on the month against a 0.2% consensus. On a single month that is a rounding-scale difference, but it is the series the Fed watches for the persistence question, and it arrived four days before a meeting at which a hike was already more likely than not. The annual core rate of 2.4% was exactly as forecast, which is why the reaction concentrated in short-dated rates rather than in the long bond.

Why gold rose on a hawkish print

The instinctive reading – hotter inflation, higher policy rates, weaker gold – did not hold on the day, and the sequence explains why. Gold’s selling had already happened. Thursday’s producer price index came in at 0.4% and Brent crude pushed toward $105, and FXStreet reported gold falling below $4,350 on that combination as hike bets moved from roughly 60% to 72%. By Friday’s open, Yahoo Finance had gold at its lowest level in over a month.

What the CPI report delivered was not a fresh hawkish shock but the removal of a binary. The headline printed where the market expected. The core beat by a tenth. The last plausible path to a September hold – a visibly cooling report, the scenario Fed Governor Waller described on 3 September as the condition for his own support of a hold – closed. Positioning that had been hedged into the release was freed, and gold retraced back above $4,380 as Brent slipped below $104 and the 10-year yield refused to break higher.

That is a positioning story, not a valuation story, and it should be read as one. The durable macro fact from this report is that a hike on 16 September is now the base case, and real yields at the front end went up, not down.

Levels into the 16 September FOMC

The table below uses the support and target levels published in LiteFinance’s 11 September XAU/USD forecast, measured against the $4,385.04 Trading Economics spot quote. These are near-term technical levels into the Fed decision, not twelve-month price targets.

Scenario Level vs spot What it would take
Bear $4,070 -7.2% The Fed hikes on 16 September and the statement points to a second increase. LiteFinance flags $4,170 as the first support and $4,070 as the second; a hawkish dot plot alongside a rising dollar is the path there.
Base $4,500 +2.6% A hike arrives but is framed as the last one. LiteFinance’s first upside target. Gold holds the post-CPI recovery and grinds back toward the early-September range.
Bull $4,650 +6.0% The Fed holds after all, or hikes with a dovish statement. LiteFinance’s second target. Would likely need the dollar to resume the slide that took it to its lowest since May in early September.

What to watch next

  • 16 September, 2:00 p.m. ET – the FOMC decision. This is now the only scheduled event between here and the end of the quarter that can materially reprice gold. The statement language matters more than the 25 basis points themselves.
  • Oil. Brent above $100 is doing real work in the inflation forecast, and it is the channel through which the Strait of Hormuz story reaches the Fed. Crude easing back below $104 on Friday was part of why the long end stayed calm.
  • The dollar. Gold’s August-September strength ran alongside dollar weakness. If a hike revives the dollar, that is the single most direct threat to the $4,300-4,400 floor.

Quick take: The August CPI report was in line at the headline and a tenth hot at the core, and that was enough to move a September hike from probable to near-consensus. Gold rose anyway, to $4,385, because the selling had already been done on Thursday’s PPI and $100 oil and the print removed the last uncertainty rather than adding to it. The real test is 16 September: a hike framed as the final one is survivable for gold, a hike framed as the first of several is not.

Frequently asked questions

What was the August 2026 CPI number?

The all-items index rose 0.4% in August on a seasonally adjusted basis and 3.4% over the previous twelve months, according to the Bureau of Labor Statistics release published 11 September 2026. Core CPI, excluding food and energy, rose 0.3% on the month and 2.4% on the year.

Was the report hotter or cooler than expected?

Mixed. The headline figures matched consensus. The core monthly rate of 0.3% came in a tenth above the 0.2% forecast, and that is the line the market reacted to.

Why did gold go up if inflation came in hot?

Because the move had been front-run. Gold fell below $4,350 on Thursday’s PPI print and $100-plus oil, opening Friday at its lowest level since 6 August. The CPI report closed out the uncertainty rather than creating new hawkish news, and gold recovered to $4,385.04 by the New York morning.

Will the Fed raise rates on 16 September?

The market now treats it as the base case. CME FedWatch was near 69% before the print and CoinDesk’s live coverage put traders around 90% afterwards. A 25bp increase would take the target range to 3.75-4.00%. Nothing is settled until the decision itself.

What level does gold need to hold?

LiteFinance’s 11 September forecast identifies $4,170 as the first support and $4,070 as the second. The intraday low around $4,300 set before the release is the nearer marker.

Does a rate hike automatically mean lower gold?

Not automatically. What matters is the change in expectations, not the move itself. A hike that is already priced can be neutral or even positive for gold if the accompanying statement suggests the tightening cycle is finished.

When is the next inflation data point?

August CPI was the final scheduled inflation release before the 15-16 September FOMC meeting. After the decision, attention moves to the PCE price index, the Fed’s preferred gauge.

Related coverage

Sources: U.S. Bureau of Labor Statistics (Consumer Price Index Summary, August 2026, released 11 September 2026); Trading Economics (spot gold, 11 September 2026); FXStreet; Yahoo Finance; CoinDesk; LiteFinance; CBS News.

This article is for information only and is not financial advice. FinanceFeeds does not recommend buying or selling any asset. Commodity and currency markets carry risk, including the risk of losing more than your initial outlay. Do your own research and consider speaking to a regulated adviser before making any investment decision.

In the United Kingdom, the term “high street” refers to the main shopping and commercial thoroughfare in a given city.

More specific than the American term “Main Street,” “high street stores” are national brands that are household names within the country and can be found in any British city.

Some examples of “high street brands” in the U.K. include Marks and Spencer, Next, John Lewis, Jigsaw, and Reiss.

Cancer Research UK closing 190 stores across country by April 2027

Founded in 2002 as a charity through the merger of the older The Cancer Research Campaign and the Imperial Cancer Research Fund, Cancer Research UK is a chain of charity shops selling pre-owned clothing, books, technology, and other specialty items to raise money for cancer research.

For the 2025-2026 fiscal year, Cancer Research UK reported raising £696 million (approximately $941 million USD), the majority from donations and £140 million from various trading activities.

Related: Another travel agency shuts down after 19 years

As the agency first shared last year and is now implementing, Cancer Research UK is set to close, by April 2027, two of three major warehouses in the London and Liverpool suburbs of Fleet and Warrington. It will also shutter 190 of the stores where pre-owned items are sold for charity, The Sun reported.

While the organization at its peak had more than 500 operating stores across the U.K., only 390 are expected to remain open following the closures.

According to a statement from Cancer Research UK cited by The Sun, the closures are part of the charity’s aims to restructure its business and pivot its primary focus toward research.

Cancer Research UK stores could once be found in any city in the country.

whitemay / Getty Images

“Without action, many of our shops will become unprofitable”

“This provision includes £5.6 million in respect of retail shops that are planned to close, as well as the closure of the warehouse that supported the sale of goods through online retail platforms,” Cancer Research UK wrote in its annual report.

“[…] The provision is expected to be utilised [British spelling] within the next one to two years, subject to negotiations with landlords.”

Cancer Research UK CEO Michelle Mitchell previously said that “without action, we predict many of our shops will become unprofitable.”

More Travel And Retail News:

The agency confirmed that it intends to continue expanding the larger superstores that it has been opening outside of major cities since 2021. There are currently 12 operating across the country.

The exact store locations set for closure have not yet been confirmed, but the shutdowns have been quietly rolling out throughout 2026 and will continue into 2027.

Other major British charity chains that were once a major high street presence, including Oxfam and the British Heart Foundation, have also been closing dozens of smaller locations across the country over the last two years, while prioritizing warehouses and larger, most profitable locations, The Guardian confirmed.

Related: 40-year-old corner store chain closing all locations