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NEW YORK (AP) — The storied New York clothier Brooks Brothers is filing for bankruptcy protection.The company that says it’s put 40 U.S. presidents in its suits survived two world wars and navigated through casual Fridays and a loosening of dress standards even on Wall Street, but the coronavirus pandemic pushed the 200-year-old company into seek Chapter 11 protection Wednesday.A spokesperson for the retailer told CNBC that the company has been evaluating strategic options to position them for success, including a potential sale of the business.Another famed men’s clothier, Barneys of New York, sought bankruptcy protection last year, and it was followed by a slew of others toppled by the pandemic, including Neiman Marcus, J.Crew and J.C. Penney.More bankruptcies are anticipated in the retail sector which has been rattled by the spread of COVID-19. 867
NEW YORK CITY — In what New York City's mayor is calling a "Christmas miracle," an NYPD officer is conscious and communicating after he was shot in the back in Brooklyn while responding to a 911 call for a domestic dispute, police said.The incident occurred in the Crown Heights neighborhood of Brooklyn on Thursday night.Police said the alleged shooter has been arrested and the gun was recovered. A bulletproof vest protected the 27-year-old officer, who was rushed to a local hospital after being shot near Prospect Place and Ralph Avenue. It went into the vest, but didn't penetrate the officer's skin, NYPD Commissioner Dermot Shea said.The shooter allegedly threatened his girlfriend, New York City Mayor Bill de Blasio said.The girlfriend's mother repeatedly called 911, begging for police to come, Shea said. She said the boyfriend had threatened to shoot the home up. As officers on the scene interviewed the daughter, her boyfriend arrived.He shot an officer and then ran, Shea said. Other officers pursued and arrested him a few blocks away. Body camera video shows officers repeatedly tell the shooter to drop his gun. He put it down on the sidewalk and was taken into custody."Because the NYPD was there, that woman is alive right now," de Blasio said. "Because our officer put himself in harm's way, an innocent woman is alive."The officer’s precise condition wasn’t immediately clear, but police officials said the officer was awake and responsive and has since been released from the hospital.De Blasio and Shea spoke to the officer's parents."They felt that this was a Christmas miracle that their son was alive and well," de Blasio said.The NYPD asked people to avoid the area. People were advised to expect a police presence in the area."It's Christmas Eve. This is a time when you would expect peace, you would expect harmony," de Blasio said.This story was originally published by Aliza Chasan on WPIX in New York City. 1948
NEW YORK (AP and KGTV) — Sears is closing 80 more stores, including six locations in San Diego, as it teeters on the brink of liquidation.The iconic retailer, once the nation's largest department store chain, set a deadline of Friday for bids for its remaining stores to avert closing down completely.Sears has not received any bids as of Friday afternoon.The retailer that began out as a mail order catalog in the 1880s has been in a slow death spiral, hobbled by the Great Recession and then overwhelmed by rivals both down the street and across the internet.The 80 stores are due to close by March. That's in addition to 182 stores already slated for closure, including 142 by the end of 2108 and 40 by February. The company filed for Chapter 11 bankruptcy protection in October , saying at the time it would close more than 20 percent of all stores, keeping open only its 500 most profitable locations.Sears Holdings Corp., which also runs Kmart, joins the list of retail brands taken over by hedge funds that collapsed under the weight of debt forced upon them.Under hedge fund manager Eddie Lampert, Sears has bought time by spinning off stores and putting on the block the brands that had grown synonymous with the company, such as Craftsman. The company's chairman and biggest shareholder, Lampert loaned out his own money and put together deals to keep the company afloat and to turn whatever profit he could for ESL hedge fund. Lampert and ESL have been trying to buy the rest of Sears for up to .6 billion in cash and stock.But no official bid appeared to have emerged as of 4 p.m. E.T. Friday. Sears declined to comment. 1642
Nearly two dozen schools in metro Detroit were closed on Thursday due to threats. Detroit Police Chief James Craig said since the Florida school shooting on Feb. 14, DPD received a total of 40 threats, consisting of two bombing threats, 34 shooting threats, and two bombing and shooting threats.At one of the targeted schools, John R. King Academy, class was already in session when the bomb squad arrived at the school on the report of a suspicious package. The kids were dismissed for the day after it was found to be safe.Anyone arrested could potentially face charges of terrorism and making threats online. If convicted, those charges carry a 20-year penalty.Craig said in the last 24 hours, DPD has received 23 threats. Three juveniles and one adult have already been arrested for numerous threats. Craig says more people will be in custody soon."It's going to end," he said. "We know that these types of threats create significant fear." The chief also says any parent found covering for their child could also face charges. 1054
NEW YORK CITY — The state of New York has reconsidered a controversial new restaurant rule that would have prohibited customers at New York City eateries from using restrooms while indoor dining is suspended, according to Mayor Bill de Blasio's office.De Blasio's Press Secretary, Avery Cohen, tweeted the update after overnight backlash against the new rule."After discussions with the State, they have agreed to change the rule around bathroom access," Cohen wrote. "(You can use the bathroom.)" she wrote in a follow-up tweet.The now-defunct restriction was just one part of a new set of outdoor-dining guidelines issued by the city late Thursday night.Despite being put out by the city, de Blasio Press Secretary Bill Neidhardt clarified Friday that the new rules were set by the state, not City Hall. 813