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Claire's has filed for bankruptcy. The hub for ear piercings at malls across America is the latest retailer to succumb to its massive pile of debt.Claire's, which says it has pierced more than 100 million ears around the world, reached a restructuring agreement with its creditors. In a Chapter 11 bankruptcy filing on Monday, Claire's said it will reduce its by debt .9 billion. It held .1 billion in debt at the end of 2017.The company will continue to operate its approximately 1,600 Claire's and Icing brand stores in the United States during the bankruptcy process and expects to complete it by September. International stores are not part of the restructuring agreement."This transaction substantially reduces the debt on our balance sheet," Claire's CEO Ron Marshall said in a statement. "We will complete this process as a healthier, more profitable company." Marshall came from now-defunct bookstore chain Borders. Claire's struggles stem from a deal it struck more than a decade ago that left it burdened with debt.In 2007, Apollo Management, a private equity firm, bought Claire's for .1 billion and took the company private in what's known as a leveraged buyout.Claire's could never escape its debt load. As traffic slowed to its brick-and-mortar stores, shoppers moved to digital channels and fast fashion chains such as H&M, Zara and Forever 21 chipped away at sales.Claire's joins a long line of retailers that have filed for bankruptcy in recent years, including Toys "R" Us, Payless Shoes, Gymboree, Rue21, The Limited and RadioShack.Toys "R" Us, another company left deep in debt from a leveraged buyout, said last week that it was liquidating its 735 stores in the United States.Claire's believes a lighter balance sheet will help it avoid Toys "R" Us' fate and still remain a "Girl's Best Friend." And the company says its business is Amazon-proof because you can't pierce your ears online.The-CNN-Wire 1940
COLUMBUS, Ohio -- Ohio State football players and their parents were given a pledge to sign, asking them to acknowledge the risk of COVID-19 and take responsibility for their own health and safety, according to a document obtained by ESPN and The Columbus Dispatch.The electronic pledge, called the “Buckeye Pledge,” states that players will agree to COVID-19 testing and potential self-quarantine if they test positive. By signing the pledge, students also agree to report any potential exposure to the virus and agree to monitor their health for potential signs of the virus, the document states.Students who sign the pledge agree to wear a mask or “appropriate PPE” when in any public space and practice social distancing whenever possible, according to the document.The document states that failure to comply with the Buckeye Pledge “may lead to immediate removal of athletic participation privileges (not my athletics scholarship) and/or the inability to use athletics facilities," according to ESPN.Ohio State athletic director Gene Smith told ESPN that the pledge is more so intended for educational purposes than it is for liability reasons.To read the full ESPN report, click here.This story was originally published by Camryn Justice at WEWS. 1260
COLUMBIA COUNTY, Wisconsin -- Twenty people were hurt when a semi-truck hit a school bus carrying students from a Milwaukee private school Wednesday morning, according to the Wisconsin Department of Transportation.Four of the injuries are serious, the DOT says. The severity of the other injuries is not yet known.The students were from Hope Semper Christian School.The crash happened just after 10:00 a.m. on I-39 northbound, near DeForest, Wisconsin. The DOT says the semi crashed into the school bus, which was parked on the shoulder of the interstate after pulling over due to a mechanical issue.Students who were not injured are being transported to the State Patrol Post in DeForest for reunification with family members.The students were participating in an end-of-year field trip, according to a statement the school posted on Facebook. "While very scary, our staff and students were blessed by urgent first-responders, local medical attention as well as the kindness and generosity of Deforest Public Schools. Please keep our Semper scholars in your prayers for quick recovery and safe travels to reunite with loved ones," the statement read. 1191
Containers of fruits being sold at Walmart in nine states were recalled due to a listeria risk.On Saturday, the Food and Drug Administration posted on its website that Country Fresh expanded its voluntary recall, which they issued on Friday, to include various containers of Freshness Guaranteed-brand cut or sliced apples, grapes, mangos, pineapples, and cantaloupe distributed by Walmart.In a recall notice published on the FDA's website, Country Fresh said the FDA's voluntary recall came after a recent inspection."The recall is a precautionary measure due to possible health risk from Listeria monocytogenes detected on equipment used in an area near where these products are packed," Country Fresh said in the recall notice.According to the notice, the product is currently sold at select Walmart stores in Arkansas, Illinois, Indiana, Kansas, Kentucky, Louisiana, Missouri, Oklahoma, and Texas.Walmart stores removed removing the recalled product from shelves and inventories immediately. Shoppers who "have any recalled product on the list should not consume it and discard it immediately," according to the notice.The notice says the "best if used by" dates are between Oct. 3 and 11.You can see the entire list of recalled items and UPC numbers by clicking here.There have been no reported illnesses from the products to date, according to the notice.The original recall was for cut watermelon shipped directly to Walmart and select RaceTrac's stores in Arkansas, Missouri, Illinois, Oklahoma, and Texas. 1523
CLEVELAND - What's more awesome than watching elephants at the Cleveland Metroparks Zoo? How about watching elephants chow down on a 1,300-pound pumpkin to kick off the second weekend at Boo at the Zoo.Boo at the Zoo is an annual fall event, currently in its 29th year. The event gives visitors a chance to watch all of their favorite animals being fed, attend a Monster Mash Dance Party, or take part in Trick or Treating and other family-friendly activities. 479