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Barneys, an icon of America's luxury clothing world for decades, has filed for bankruptcy.The New York-based retailer filed for Chapter 11 bankruptcy protection early Tuesday morning. It said in a statement that it had also secured million from affiliates of Hilco Global and the Gordon Brothers Group to help meet its financial commitments."Like many in our industry, Barneys New York's financial position has been dramatically impacted by the challenging retail environment and rent structures that are excessively high relative to market demand," Barneys CEO Daniella Vitale said in a statement.The bankruptcy filing will allow the company "to conduct a sale process, review our current leases and optimize our operations," she added.The company said it will continue to operate five flagship locations in New York, Los Angeles, San Francisco and Boston, as well as Barneys.com and BarneysWarehouse.com. However, it said it is shutting down stores in Chicago, Las Vegas and Seattle.The company is also shutting down five "concept stores" and seven of its nine Barneys Warehouse stores.The move was not unexpected. Reuters reported last month that filing for bankruptcy protection could help alleviate the pressure of expensive leases.The company traces its history to 1923, 1293

By the time 2024 rolls around, we may be seeing brand new sports at the Summer Olympic Games.Some of the new sports include surfing, karate, skateboarding and breakdancing. A school in Washington, D.C. called The Lab is already training dancers in breakdancing to prepare them for Team USA.Competitive break dancer Evan Sletten has been a taking classes at The Lab for six years.“A lot of upper body strength goes into it,” Sletten describes of the sport.Sletten says he would describe it as an athletic dance. “Competitive breaking is very different in the sense that there’s rules,” explains The Lab owner Antonio Castillo. “There’s a point system. You have a referee. You have different criteria in place to make sure it’s a fair sport.”Castillo has considered breakdancing a sport for a long time, and he already uses an Olympic scoring model for his students.“We use a 10-point system and all of criteria is the definition of what the dance is, so you can’t argue against it because those are the elements that make up the dance,” Castillo says.Sletten says the point system helps with improvement.“It’s great because if you need to improve, you’re not just seeing win or lose,” he explains. “You’re seeing each category, every little thing that you did right that you did wrong.”In a way, this group of competitive break dancers has been gearing up for the gold for years already. So, if the sport gets to take the Olympic stage in 2024, they’ll be ready. “You’re going to have the first time in history that you’ll have a b-boy or b-girl be the Michael Phelps of breaking, and to me that’s the greatest thing ever!” says Castillo. 1650

Avon is nearing a sale.The cosmetics brand is close to being purchased by Natura Cosmeticos, the latter company said Wednesday. The deal would be all-stock, Natura said."The parties are currently ... negotiating final contractual terms of the Transaction," said the Brazil-based Natura in a press release.If the boards of the two companies approve the deal, it would mark the end of independence of Avon, the 133-year-old brand. Avon popularized the door-to-door cosmetic sales model in the mid-1900s, but its sales have continued to fall as consumers shift their shopping habits online.The deal could be announced as soon as Wednesday, 649

Buckingham Palace says Prince Harry and his wife, Meghan, will no longer use the titles "royal highness" or receive public funds after a deal was struck for them to step aside as senior royals. The palace says the couple will repay some 2.4 million pounds of taxpayers' money that was spent renovating their home near Windsor Castle. 345

BEIJING — China has reported another sharp rise in the number of people infected with COVID-19, commonly known as the coronavirus, as the death toll neared 1,400. The National Health Commission said Friday that 121 more people had died and there were 5,090 new confirmed cases. The number of reported cases has been rising more quickly after the hardest hit province changed the way it is counting them Thursday. There are now 63,851 confirmed cases in mainland China, of which 1,380 have died. Hubei province is now including cases based on a physician's diagnosis and before they have been confirmed by lab tests. Of the 5,090 new cases, 3,095 fell into that category.Hundreds of cruise ship passengers long-stranded at sea by fears over COVID-19 have finally disembarked and were welcomed to Cambodia by the nation's authoritarian leader, who handed them flowers. Prime Minister Hun Sen agreed to let the Westerdam dock after Thailand, Japan, Taiwan, the Philippines and Guam barred the ship over fears it might spread a virus. The passengers cheered as they walked toward buses to take them to the airport and waved goodbye to other passengers watching from the ship's deck. The Westerdam was unwelcome elsewhere even though operator Holland America Line said no cases of the COVID-19 illness had been confirmed among its passengers and crew. 1360

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