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NEW YORK (AP) — Gap Inc. is moving away from the nation's malls. The San Francisco-based brand was for decades a fixture at shopping malls around the country. Now it says it's closing 220 stores by early 2024. Back in August, the company announced its plans to close 225 stores globally.The parent company is also shuttering 130 Banana Republic stores. The moves announced Thursday are part of a three-year plan that will see Gap focus on outlets and its e-commerce business. Gap joins other clothing retailers in trying to reinvent themselves during the COVID-19 pandemic. The outbreak forced many non-essential stores to temporarily close in the spring and early summer.On Tuesday, the San Francisco-based company said they are "exploring is the possible closure of our company-operated Gap stores in the United Kingdom, France, Ireland, and Italy at the end of the second quarter in 2021."Gap Inc plans to shut down more Gap and Banana Republic stores amid the pandemic.By 2024, the company plans to close 350 mall locations in North America. 1053
NEWTON, Mass. – As eviction moratoriums end across the country, homeowners and renters are facing a crisis. Many are on the verge of homelessness as cities and towns scramble to distribute what little federal emergency funds they have left.Amanda Berman is the Director of Housing and Community Development in Newton, Massachusetts, a wealthy suburb near Boston. But even some of the nation's wealthiest cities are realizing their residents are not immune from economic impact of the pandemic.“This was there all along. We’ve been having a housing crisis forever. This is exposing how deep the cracks are,” Berman said.With help from the CARES Act, Newton was able to secure million in emergency housing funds. To spread the money out as best they could, the city decided to assist people in low-income housing with 70% of their rent. At least 170 families have been helped in the last two months.“You fight and fight to get ahead and something like this throws you back really far,” Berman added.Nationally, 20% of households missed their rent payments last month. Housing experts say that number is likely to skyrocket in September as extra unemployment funding and rental assistance money disappears.“The real estate industry will go through massive changes here in the next few months,” said Jeff Larabee, who has an apartment complex he rents out.He's had some tenants simply move out because they’ve lost their jobs and can’t pay rent, which has left him concerned about making mortgage payments.“I think there’s going to be a lot more homelessness, I don’t know how we're going to make all the mortgage payments,” he added. 1641
NEW YORK — A federal appeals court ruled Wednesday morning that New York District Attorney Cyrus R. Vance Jr. can get access to President Donald Trump's personal and corporate tax returns.The ruling by a three-judge panel in New York rejected the president’s argument that the subpoena for his taxes should be blocked because it was too broad, and could be seen as political harassment from the DA.Vance says his office will not enforce the subpoena for 12 days in exchange for the president’s lawyers agreeing to move quickly, according to the New York Times.It has been over a year since the district attorney first subpoenaed eight years of Trump’s tax returns and other financial records as part of an investigation into the president’s business practices.Wednesday’s decision is the fifth time courts have rejected Trump’s attempts to block the subpoena. His lawyers are expected to appeal the ruling to the United States Supreme Court.Vance has not revealed the details of his office’s investigation, however court papers suggest they are looking at a range of potential crimes including tax and insurance fraud and falsification of business records, according to the New York Times. 1197
NEW YORK (AP) — Martha Stewart's first Uber ride was not a good thing.Stewart ordered the "most expensive version" Monday outside Tiffany's flagship store in New York City. As Stewart explained on Instagram , she wanted to be picked up on Fifth Avenue and 57th Street.Stewart wrote the first car did not show up and the second parked "halfway down" the street where she "could not see the license plate." That car was pointed in the wrong direction, delaying her journey as the car snaked through midtown Manhattan traffic.But the worst part was the car "was a mess inside and out!!!!!!!!" She posted a picture that showed debris on the floor and two water bottles.Uber says it was disappointed to hear about Stewart's first experience and has reached out to her and her team. 794
NEW YORK (AP) — This year’s Black Friday was the biggest ever for online sales, as fewer people hit the stores and shoppers rang up .4 billion in transactions from their phones, computers and tablets.That’s just behind the .9 billion haul of last year’s Cyber Monday, which holds the one-day record for online sales, according to Adobe Analytics. Adobe measures sales at 80 of the top 100 U.S. online retailers.Adobe expects online sales to jump to another record this Cyber Monday with an estimated total of .4 billion. Much of the shopping is happening on people’s phones, which accounted for 39% of all online sales Friday and 61% of online traffic.Shoppers have been looking for “Frozen 2” toys in particular. Other top purchases included sports video games and Apple laptops.All the online shopping may have helped thin the crowd at malls on Black Friday.Traffic at stores fell 2.1% on Black Friday from a year ago, according to preliminary figures from RetailNext. It tracks in-store activity at tens of thousands of locations, including specialty apparel retailers, big-box stores and mall-based stores. The drop in traffic helped lead to a 1.6% dip in sales.Online and in-store shopping aren’t always completely separate, though. Many people buy things online, only to head to the store to pick them up. Such sales surged 43.2% on Black Friday from a year ago, according to Adobe.This holiday shopping season may be the most harried in years because it’s the shortest since 2013. Thanksgiving this year fell on the last Thursday in November — the latest possible date it could be.Much is riding on the success of the holiday season’s sales. The U.S. economy is still growing steadily, but gains have slowed since its sizzling start to the year. Economists say strong spending by households is helping to bolster growth and make up for weak confidence among businesses given all the uncertainties about the U.S.-China trade war and other factors. 1967
来源：资阳报