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Former NFL and Florida Gators quarterback Tim Tebow is mourning the loss of his beloved dog, Bronco, after putting his pet down on Wednesday.Tebow posted an emotional video on Instagram, showing him sobbing as he fed Bronco a treat before saying goodbye."One of the toughest goodbyes," Tebow wrote in the post. "Wanted to make a special tribute to the sweetest boy ever - thank you for all the joy you brought and all the memories." 444
Former Vice President Joe Biden released a video on Twitter Wednesday and said he will be "more mindful about respecting personal space in the future."The video comes in the wake of allegations he made women feel uncomfortable in their encounters."Social norms are changing. I understand that, and I've heard what these women are saying," he wrote on Twitter. "Politics to me has always been about making connections, but I will be more mindful about respecting personal space in the future. That's my responsibility and I will meet it."Biden's camp dove into damage control mode Friday after Lucy Flores, a former Nevada assemblywoman, penned an essay detailing a 2014 encounter during which the former vice president made her feel "uneasy, gross and confused" when he came up from behind her and kissed the back of her head. After a series of carefully-worded statements attributed to his spokesman, Biden on Sunday released a statement of his own addressing the allegation. 988
Gap and Old Navy have been trending in opposite directions for years. So they're finally splitting up.Gap said Thursday that it would break into two companies. One of the companies will contain Old Navy, while the other yet-to-be-named business, currently called NewCo, will comprise Gap, Banana Republic and other brands, including Athleta and Hill City.The move is designed to allow Old Navy — which has grown to billion in annual sales since it opened its first store in 1994 — to expand on its own. Meanwhile, the company can consolidate its older brands like Gap and Banana with its newer ones like Athleta and Hill City. NewCo will have about billion in annual sales."We think the best way for each company to grow and meet the evolving needs of our customers is to allow them to pursue tailored strategies separately," Gap CEO Art Peck told analysts Thursday. Peck will lead NewCo. Sonia Syngal, CEO of Old Navy, will keep running that company.Wall Street cheered the decision: Gap stock was up 25% in after-hours trading.The separation is a tale of two vastly different businesses: Old Navy has thrived in recent years, and sales at stores open at least a year grew 3% in 2018. Meanwhile, the Gap has struggled — its sales fell 5% last year. Banana Republic has been closing stores, which has helped the company improve sales."Old Navy continues to outpace Gap brand and Banana Republic, and is one the fastest-growing major apparel brands," said Christina Boni, analyst at Moody's.The Gap, which was founded in 1969, used to be the coolest brand in retail: It rode the mall boom in the back half of the 20th century, and its logoed sweatshirts and turtlenecks won over everyone from teens to moms and celebrities like Sharon Stone.But the brand fell out of touch with the Baby Boomers who grew up on the brand, and it failed to attract the Millennials who drive fashion trends today. Retailers such as Levi's, Target and fast-fashion sellers H&M and Zara lured away Gap's denim shoppers with cheaper prices and trendier styles.The company has been talking for a while about how to make the Gap a healthy part of the business again. In November, Peck described Gap's store count as unprofitable. As of the end of last quarter, there were 1,242 Gap stores worldwide. 758 of them were in North America.On Thursday, the company said it will close 230 Gap stores over the next two years as part of its plan to "revitalize" the Gap brand. The closures will affect "specialty" Gap stores, which includes mall-based stores.Most of those stores will be in North America, Peck told analysts Thursday. Chief financial officer Teri Stoll added that the company focused on stores that were not delivering, were in the "wrong locations" or were not a "strategic fit."About 130 of those closures will happen this year, according to Gap. The company also plans to open Old Navy and Athleta locations. Athleta, which will be part of the new Gap company, is a women's athleisure chain that has been a success. Hill City launched last year as Gap's men's athleisure brand.Gap thinks it will save between 0 million and 0 million before taxes over the next two years because of its closure plans, according to a securities filing. It expects to finish splitting the companies in 2020.But some analysts questioned why promising brands such as Athleta and Hill City were included in NewCo with the struggling Gap brand."This could have been an opportunity for a fresh start for Gap," said Bob Phibbs, CEO of consultancy Retail Doctor. "It's simply putting the NewCo brands though the ringer for another cycle of rinse and repeat."The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3771
For the better part of three months, Greg Morrison has spent most of his waking moments searching for jobs. Last week, that search finally paid off for the 33-year-old TV producer, who lives in Los Angeles.Three months without a paycheck, though, hasn’t been easy.“Every time you slide your credit card to pay for groceries or write a rent check, there’s that voice in your head that knows it’s coming out of your savings,” Morrison said.As COVID-19 swept across the country earlier this year, it all but ceased production of most television shows in L.A. For Morrison, the realization came fairly quickly that this stretch of unemployment would last much longer than the typical few weeks he has between some jobs.He’s been surviving on the extra 0 that the federal government has added to unemployment benefits as part of the CARES Act, but even that has been hard to come by.“They are seven weeks behind on my unemployment payments,” he said. “I can’t get anyone on the phone. They say they’ve setup another line, but I can’t reach anyone.”But even with all the troubles he’s facing getting unemployment benefits, prospects are looking better for Morrison and some Americans who have found themselves out of work because of the virus, especially as some states begin easing their stay-at-home restrictions.“It’s a lot more promising than it was a few weeks ago,” said Morrison, who just accepted a new producing job that starts in June.Although he’s hesitant given the current situation with the pandemic, he’s also hopeful.“I’m happy to be one of the lucky ones right now,” he added.As for economists, many still believe recovering from the pandemic will not be like flipping a light switch back on.“It’ll be five years before a full recovery,” said David Parsley, who teaches economics at Vanderbilt University.But Parsley says jobs will slowly begin to return as more states open for business.“There’s always opportunities, but these opportunities will be for people who are skilled; people who are trained,” he said. 2039
Farmers around the country are coming up with unique ways to make money and keep their farms thriving. They are resorting to agritourism.“Our primary income is from agritourism, not from farming and ranching,” says Dori Dejong, who is part owner of the Platte River Fort Farm.Although her land is ideal for farming, she explains it would be difficult to sustain the property on ranching alone.“We would probably only make ,000 to ,000 a year is my guess,” Dejong says.To make more money, they decided to offer a rusting stay for visitors inside a yurt, tent or even have a place to get married. They plan on making anywhere from 0,000 to 0,000 next year because of their new agritourism business model.Agritourism has become a way for farmers to keep their land. Professor Dawn Thilmany teaches a course on it, educating students on lodging management, culinary tourism, destination development and ways to make your business different than others.“We see it being anywhere from having a pick-your-own orchard or field on your farm to hosting events like farm dinners or preserving classes to dude ranches where people want to get away for a whole week or two,” Thilmany says.Not everyone is looking for an expansion as big as Dori Dejong.“Over the years we learned that our customers want a place to enjoy and experience farming,” says Amy Kafka with Garden Sweet.Kafka offers date nights and yoga classes on her flower farm and fruit farm.“The combination of all the events and things that we do bring in more people,” Kafka says.If you want to grow what matters, Dejong says “find your passion not something that’s going to make money.” 1663