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As nearly 450 Pier 1 locations are set to close in the coming year, the company announced it is filing for Chapter 11 bankruptcy. Of the 450 locations set to close, 400 of them have either recently closed or started liquidating stock. In addition to the store closings, the company will shutter two distribution centers. The moves come during a rough time for brick and mortar retailers, as malls and shopping centers throughout the United States become more barren. Pier 1 said it is also in the process of securing a buyer for the company over the next six weeks. “In recent months, we have taken significant steps forward in our business transformation and cost-reduction initiatives," CEO Robert Riesbeck said. "We have worked to establish an appropriately sized and profitable store footprint, operating structure and merchandise assortment that will enable Pier 1 to better serve our customers across store and online channels. "Today’s actions are intended to provide Pier 1 with additional time and financial flexibility as we now work to unlock additional value for our stakeholders through a sale of the Company. We are moving ahead in this process with the support of our lenders and are pleased with the initial interest as we engage in discussions with potential buyers.” 1296
BROOKLYN, N.Y. – At Canarsie Educational Campus in Brooklyn, the lesson plan was switched up for a day. Instead of learning history, English or math, students learned about what being in a gang is like. And, they learned from those who know that world best. “Let me ask y’all a question, what today is promoting the violence amongst y’all?” asked Kareem Nelson in front of a dozen students inside a classroom.Nelson was born and mostly raised in Harlem. He’s a former member of a street gang known as “The Black Mafia.”“I started selling crack cocaine at 12 years old,” said Nelson. “I was a follower. I had low self-esteem, so I did the things I thought would help me fit in.”At the tender age of 12, Nelson told students he thought gang life offered glory, friendship and some protection. He ultimately would learn the hard way, none of that was true.“I went to Baltimore, thought I was the toughest guy in the world, and I got shot,” Nelson explained to students.That’s what put him in a wheelchair. He was paralyzed and lost half a lung. However, eventually it was that moment and another gang-related near death experience that helped him give up gang life. “I escaped with my life and from that night on, I said ‘I don’t want kids to have to go through what I went through,’” Nelson explained.Seven years ago, Nelson founded 1343

Apple announced Monday that a menstrual cycle tracker will be one of the new features on the Apple Watch.The tracker will help women log information related to their menstrual cycle, allowing users to see predicted timing for their next period and fertility window."Knowing more about your menstrual cycle gives you a window into your health, from simply insuring you are prepared to understanding your personal patterns and regularities," said Sumbul Desai, Apple's vice president of health, during the 516
ANNA MARIA ISLAND, Fla. — On June 4, the impressive raw power of how hammerhead sharks hunt was on full display.The hammerhead shark, estimated to be 13 to 14 feet long, was captured on GoPro video attacking a massive tarpon.Fishing guide 256
ATLANTA, Ga. – Former President Jimmy Carter was released from Emory University Hospital in Atlanta on Wednesday morning after spending more than two weeks there following a 186
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