straits

The chain is among several that have landed in dire financial straits this year after years of high inflation, increased labor costs and declines in customer demand.

The plan to close stores was announced as part of the company’s release of its fourth-quarter and end-of-year financial reports, which underscored its dire straits.

He said that due to his dire financial straits, he had no choice but to accept “onerous terms he would have normally rejected in the years before his criminal conviction.”

Some observers worry that her predecessor’s big spending on social programs and giant infrastructure projects could leave her administration in difficult economic straits.

It took over the world, and it even saved New York in my mind because New York was really in dire straits talking about bankruptcy.