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Tailored Brands, which owns Men's Wearhouse and Jos. A. Bank, announced on Tuesday that they would be closing up to 500 stores due to the coronavirus pandemic.The company said in a press release that they would cut 20% of its corporate jobs by the end of the fiscal second quarter.“We have safely reopened almost all of our retail stores and look forward to helping our customers look and feel their best for their moments that matter," Tailored Brands President and CEO Dinesh Lathi said in the press release. "Unfortunately, due to the COVID-19 pandemic and its significant impact on our business, further actions are needed to help us strengthen our financial position so we can navigate our current realities. It is always difficult to eliminate jobs and say farewell to our friends and colleagues. I want to thank our teammates affected by these changes as well as those who continue to help us meet the challenges currently facing our industry and who remain dedicated to serving our customers.”The clothing company also announced that Chief Financial Officer Jack Calandra was leaving on July 31 and they appointed restructuring consultancy AlixPartners managing director Holly Etlin as their Chief Restructuring Officer. 1236

Summer is almost here, but school’s not out quite yet — we’ve got one more pop quiz: What items can you get great deals on at Memorial Day sales?Stumped? We made a cheat sheet that you can use before you start spending.Here are three categories to keep an eye on this Memorial Day. While the holiday is May 28, some deals are already underway. 356

Tesla on Thursday recalled about 123,000 Model S sedans, asking customers with cars built before April of 2016 to have their power steering bolts replaced.A Tesla spokesperson said the company has observed "excessive corrosion" of the part in some cold climates where a certain type of road salt is used.No injuries or accidents have been reported in connection with the issue, the spokesperson said.A Tesla spokesperson said that if the bolts fail, the driver should still be able to control the vehicle. The issue can make the car more difficult to steer at low speeds and to parallel park, and it should "not materially affect control at high speed."The company sent out emails to Model S owners who have cars included in the recall.The Model S has been lauded for its safety ratings, but news of this recall comes at a rough time for Tesla.Its stock price has plunged more than 25% over the past month. Investors are worried about the startup's ability to deliver on its first mass-market car, the Model 3, which has been plagued by manufacturing woes.Tesla's stock sank nearly 4% during after-hours trading Thursday after news broke about the Model S recall. 1171

TAMPA BAY, Fla. -- Researchers are working to develop and test a tool to help COVID-19 responders in mental distress.The project was one of 14 at the University of South Florida to receive funding.“The key idea is developing this thing that will interact between people in need and all the resources that exist, it will be that go-between,” said assistant professor Jerome Galea.The researchers said they plan to create a prototype of a chatbot to help break down barriers to access to mental health care. Through things like text or social media messaging, the Tampa Bay Area Treatment & Health Advisor (TABATHA), will help screen the level of mental distress in responders and their service preferences.“This chatbot will integrate screening and basically referral into one product. And why that’s so important is people are going to be at different levels in terms of stigma surrounding care-seeking and also their readiness to engage with care,” said assistant professor Kristin Kosyluk.They’re partnering with other community organizations, including the Crisis Center of Tampa Bay.“We know first responders. They’re the first out the door but they’re the last to ask for help,” said the center’s CEO and president, Clara Reynolds.Reynolds said in the past six months, the center has handled more than 9,000 calls related to COVID-19, though received fewer calls from first responders than expected.“We know this is just gonna be the tip of the iceberg that that behavioral health tsunami is coming from multiple areas,” Reynolds said. “If a device like a chatbot can be developed and proved to be effective to help those at least be able to start to navigate the behavioral health system I just think it’s gonna be an amazing tool.”“It’s increasing a lot of the frustrations people are having with limitations on PPE and limitations on people congregating and everything else. They’re not able to have those fun events outside of work, where they can release and let that stress go. And everything compounds daily because of their call volume increasing because of the pandemic,” said St. Petersburg Fire Rescue training Lt. Rob Neuberger.He explained the burden is also intensified for peer support team members who have lost some human connection in checking in.“I think where social distancing has helped with everything with the pandemic, I really like to just call it physical distancing. That way, we don’t have the emotional separation, that way we can lean on each other as human beings and as just people every day,” he said.St. Petersburg Fire Rescue says they’ve worked to implement programs and resources, including tips on dealing with stressors, how to have conversations with family members, and Zoom calls with a doctor.“One avenue to get help might be different for the next person,” said division chief of training Richard Ganci.“Ask for the help when you need it,” Ganci saidThis story was first reported by Haley Bull at WFTS in Tampa Bay, Florida. 2986

Students around the country have started to sign petitions, demanding colleges reduce tuition costs amid the pandemic. A recent survey by OneClass.com shows 93 percent of college students feel tuition should be reduced this semester since most classes will be held online.“I feel terrible, you know, by this one semester that I have to pay the exact same amount as I would by getting a whole college experience,” said Gabrielle Perez.Perez is a junior at Michigan State University and is one of many college students demanding lower tuition with online classes. She started a petition at her school, claiming “online classes hold a far less value compared to those that were once in a classroom”“You are at a Big Ten school. I am paying for a Big Ten school. I’m not getting the Big Ten-school experience,” said Perez.Currently, MSU has only committed to a tuition freeze, which essentially keeps tuition the same as the previous two years. However, around the country, other higher education institutions have begun reducing their tuition.Georgetown University, Princeton University, Lafayette College, Rowan University, Spelman College, Clark Atlanta University, and American University are just some of the higher education institutions that have lowered tuition by 10 percent. Schools like Hampton University and Williams College have lowered their tuition by 15 percent, while Southern New Hampshire University (SNHU) announced it will be offering incoming freshman full-tuition scholarships for the first year. All other SNHU students will have their tuition rate slashed from ,000 to ,000.Most schools have held strong in maintaining current tuition rates, with a few even raising tuition.“You can’t talk about prices and what institutions are charging students without talking about cost,” said Denisa Gandara, an assistant professor of educational policy and leadership at Southern Methodist University. “In many cases, the costs are going up.”Gandara explained many higher education institutions are reluctant to reduce tuition because of additional costs this year. Those additional costs include the cost of remote-learning equipment, training instructors to teach remotely effectively, and higher health insurance premiums.“I imagine institutions are still looking at their numbers and trying to decide whether they do need to lower their prices to attract more students,” she said.Some fear a significant number of college students will drop out or take the semester off, and some students have threatened that in their petitions.“You have so much time to go back to college anyways, that this one semester or maybe a whole year is not going to define you,” said Perez.Financial experts like Calvin Williams, Jr., CEO at Freeman Capital, believe a semester or two away from a four-year higher education institution may not be so bad after all. In fact, from a financial perspective both short and long-term, he is encouraging students to do this.During this pandemic, his company has been providing college students with advice on how to save on college tuition. One major way to save, according to William, Jr., is to consider taking transferable classes at a community college where tuition is already drastically lower than that at a four-year college or university.“Going down the community college-first route, for at least a COVID time like this, it will allow you to save money on tuition on room and board, and you will have a lot of flexibility in a year or two when you transfer to a four-year, carry those credits but carry less debt,” said William, Jr. 3592

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