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GameStop announced this week that an additional 400 to 450 locations would close across the country by the end of 2020.While more video games are available for digital downloads, the next generation PS5 and Xbox will contain disc drives. The company was concerned that the next generation models would be digital only.Already in the last year, GameStop has closed 388 locations, shrinking its current retail footprint to 5,192 locations.“This will allow us to more efficiently and profitably service our customers,” company CEO George Sherman said about the closures.While many retailers have been shrinking their footprints as customers change their buying habits, GameStop is also encountering a change in technology in recent years, which has allowed customers to purchase games online.But GameStop says that there are some customers who prefer a physical disc, and that large video game downloads can use up internet data.“We believe the actions we are taking to optimize the core operations of our business by increasing efficiencies and creating a frictionless digital ecosystem to serve our customers, wherever and whenever they choose to shop, are enabling us to navigate the COVID-19 environment while positioning us well for the launch of the next generation of consoles,” Sherman said.GameStop saw a 26.7% drop in Quarter 2 sales in 2020 compared to 2019. 1374
General Motors recently announced that it would be shutting down five car factories in the United States and Canada and cutting 14,000 jobs. GM said at the time that factory workers would be offered jobs at other facilities where production is being increased and on Friday it offered an update on how things are going.Of the jobs GM plans to cut, 2,800 are hourly employees in the United States. These are generally assembly line workers who punch in and out for work each day as opposed to employees who are paid a salary.The automaker announced Friday that 1,100 of those hourly workers have volunteered to transfer to jobs at other factories, such as GM's Flint, Michigan, truck plant where heavy duty pickups are built and the Toledo transmission plant in Toledo, Ohio. Another 1,200 workers in that group are eligible for retirement, the company said.The US plants GM is shutting down are in Michigan, Ohio, and Maryland. These plants mostly made sedans, which have fallen out of favor as customers have shifted toward crossover SUVs and trucks.GM also said last month that Canadian workers would be offered jobs at other plants in that country.In total, the company announced it would cut 6,000 hourly and 8,000 salaried positions. In October, the company offered voluntary buyouts to 18,000 workers.GM CEO Mary Barra has said she wants to save money and reposition the company for future investments in autonomous driving technology and electric cars. She wants to do this now, she has said, rather than waiting and cutting jobs during an economic crisis."Today, we have a plan for the majority of employees currently working at our impacted plants in Maryland, Michigan, Ohio and Oshawa, Canada that includes job opportunities at other GM facilities," Barra tweeted Friday. "We're committed to doing the right thing, for the future of GM and our people." 1901
Hawaii warned residents and airplanes to stay away after a plume of ash from the Kilauea volcano rose 12,000 feet into the air.Since the Kilauea volcano erupted May 3, it's been one nightmare after another for residents in the southeast part of the Big Island.The US Geological Survey issued a red alert Tuesday, which means a major eruption is imminent or underway and ash could affect air trafficMichelle Coombs of the USGS described it as " very hazardous for aviation," and said her team isn't quite sure what caused Tuesday's slightly more intense ash emissions.US Geological Survey officials have said a phreatic eruption could happen at a crater at the top of the Kilauea volcano. It could send ash plumes as far as 12 miles from the summit crater, the Hawaiian Volcano Observatory said. 802
Gov. Gretchen Whitmer went to Delaware to meet with Joe Biden as he neared the announcement of his vice presidential choice, two high-ranking Michigan Democrats tell The Associated Press. The officials, who spoke on the condition of anonymity, say Whitmer visited Biden last Sunday. It's his first confirmed in-person meeting with a potential pick. Whitmer, the first-term governor of a battleground state, has long been on his short list of possible running mates. Flight records show a chartered flight left Lansing’s Capital Region International Airport for Delaware Coastal Airport at 5:33 p.m. and returned at 11:16 p.m. 633
Here's what's making headlines in the political world Saturday, May 5, 2018.NYT: Trump knew about Stormy Daniels payment before denial-- President Trump knew about a 0,000 payment to adult film actress Stephanie Clifford, whose stage name is Stormy Daniels, before denying any knowledge of the payment last month, according to a New York Times report.Michael Cohen, the president's personal lawyer, made the payment in October 2016 just before the president won the 2016 election. President Trump has denied knowing anything about the payment to keep the alleged affair between him and Clifford under wraps.Last month, while aboard Air Force One, President Trump told reporters he knew nothing about the payment. This week, however, new Trump team lawyer Rudy Giuliani said the president had reimbursed Cohen for the payment.The president has continued to deny knowledge of the payment.Read more.Trump reassures NRA: "We will protect your Second Amendment"-- President Trump reassured a packed house at an annual meeting of National Rifle Association members, "your Second Amendment rights are under siege, but they will never ever be under siege as long as I am your president."Just returned home to the beautiful White House, from Dallas, where the Arena was packed to the rafters with the great fans and supporters of the @NRA. It was so wonderful to be there!— Donald J. Trump (@realDonaldTrump) May 5, 2018 1442