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Hold off on that funeral dirge for Macy's. The department store isn't dead yet.Macy's topped Wall Street's profit forecasts Tuesday and provided a healthy outlook for this year.The results strongly suggest there is still room for traditional stores in the mall in a world increasingly dominated by the likes of Amazon and Walmart.Macy's chairman and CEO Jeff Gennette said the company was "encouraged" by improvement at the company's brick-and-mortar stores and continued growth in online sales.Gennette said digital revenue posted a double-digit percentage increase for the 34th quarter in a row, a run of more than eight years.And the company is still investing heavily in its Bluemercury chain of specialty beauty stores and the discount outlet Backstage. Macy's said it opened 36 Bluemercury stores and 30 Backstage stores last year, even as it closed 16 Macy's stores.Gennette added during a conference call with analysts that Macy's plans to open 100 more Backstage locations this year, including in malls.Macy's is also selling real estate to shore up its balance sheet. The company said it raised 1 million last year and .3 billion over the past three years by getting rid of some stores, warehouses and parking garages.Macy's is also working with real estate company Brookfield Asset Management on other transactions.Macy's said Tuesday it is selling several floors in its State Street store in Chicago to a real estate fund backed by Brookfield for million. Brookfield plans to convert the floors into office space.All this is good news for Macy's. But one analyst said Macy's needs to do more before its turnaround qualifies as a true Miracle on 34th Street."There is a long tail of shops that look dated, are in sub-optimal locations, and where the customer experience is poor. Macy's must remedy this if it is to transform the business," Neil Saunders, managing director of GlobalData Retail, said in a report.Nonetheless, the real estate transactions and improved sales outlook are two reasons Wall Street has fallen in love with Macy's again.The stock surged nearly 12% in early trading before pulling back a bit. Macy's has soared more than 45% in the past six months.Department store chains Kohl's, Nordstrom and JCPenney — which will all report results later this week — rallied as well Tuesday. Another chain, Dillard's, rose 12% too after it also posted strong quarterly results.Investors are clearly betting that Macy's wasn't the only traditional retailer that had a happy holiday season. 2527
Here's what's happening in the world of politics Saturday, Aug. 11, 2018.Congressman Collins suspends reelection campaign after insider trading charges— New York Republican Rep. Chris Collins will not seek reelection following charges of insider trading earlier this week.In a statement, Rep. Collins wrote it would be in the best interests for constituents that he suspend his reelection campaign."After extensive discussions with my family and friends over the last few days, I have decided that it is in the best interests of the constituents of NY-27, the Republican Party and President Trump's agenda for me to suspend my campaign for re-election to Congress."Wednesday, federal prosecutors charged Collins, his son, and another man with 13 counts of securities fraud, wire fraud, and false statement from the insider trading scheme around Australian pharmaceutical company Innate Immunotherapeutics Limited.Read more.North Korea continues to reject US proposals on denuclearization— North Korea has turned down repeated US proposals on denuclearization, CNN reports.The US has reportedly made "specific proposals for starting and proceeding to the end point of fully verified denuclearization," including a timeline, all of which have been rejected.North Korea has reportedly considered the proposals "gangster-like."President Trump met with North Korean leader Kim Jong Un in a June summit. The summit, however, produced no timetables, milestones, or promises, and instead, vague promises.Read more.Immigration lawyer for Melania Trump's parents pushes back on President's rhetoric— The immigration lawyer for First Lady Melania Trump's parents is calling President Trump's hardline stance on "chain migration" family visas "unconscionable.""It's unconscionable to scare people into believing that," the attorney, Michael Wildes, said Friday on CNN. "Imagine this, people will work harder and love more, and do more for America knowing that their loved ones, their immediate relatives, their parents, their children ... to say you can bring one relative and not another relative ... I can understand that some of them may be in jeopardy, and you may want to retool an antiquated immigration system. It looks weird to have a lottery system. But chain migration? No. Family reunification."Melania Trump's parents, Viktor and Amalija Knavs, were granted US citizenship Thursday.Read more. 2440

HONOLULU (AP) — Hurricane Lane soaked Hawaii's Big Island on Thursday, dumping nearly 20 inches of rain in nearly 24 hours as residents stocked up on supplies and tried to protect their homes ahead of the state's first hurricane since 1992.The National Weather Service warned that Lane will get "perilously close" to Hawaii and that some areas could see up to 30 inches (about 80 centimeters) before the system passes.Lane was not projected to make direct hit on the islands, but officials warned that even a lesser blow could do significant harm.PHOTOS: Hawaii deals with flooding as hurricane approaches"You do not need a direct strike to have major impacts from a hurricane this strong," said Steve Goldstein, a meteorologist at the National Oceanic and Atmospheric Administration in Washington.The center of the Category 3 storm was predicted to move close to or over portions of the main islands later Thursday or Friday, bringing dangerous surf of 20 feet (6 meters) and a storm surge of up to 4 feet (1 meter), forecasters said. As of 11 a.m., the hurricane was about 275 miles (460 kilometers) south of Honolulu.Lane "shifted a little closer to the islands, unfortunately," meteorologist Melissa Dye said. "Big Island and Maui are in the thick of it now."As Lane moved closer to the islands, it was expected to weaken more rapidly and turn toward the west. But it was unknown exactly when that would happen, forecasters said.Pablo Akira Beimler, who lives on the coast in Honokaa on the Big Island, said the road to Hilo was cut off due to landslides."Rain has been nonstop for the last half hour or so and winds are just starting to pick up," Beimler said as he posted videos of trees being blown sideways. "Our usually quiet stream is raging right now."He said staying put is about the only choice he has."We essentially have one way in and out of our towns so sheltering in place is the priority," Beimler said in a Twitter message.Two campers were reported trapped overnight in Waipio Valley, along the Big Island's northern coast. The campers called authorities Wednesday, but emergency crews could not mount a rescue operation."We can't go in because the roads — there's a river of water down there," said Hawaii County Managing Director Wil Okabe. Landslides had closed some roads.In addition, there were reports of boulders falling into a park in Hilo on the east side of the island, Okabe said.Shelters opened Wednesday on the Big Island and on the islands of Maui, Molokai and Lanai. Officials urged those needing the Molokai shelter to get there soon because of concerns that the main highway on the island's south coast could become impassable.On the island of Oahu, shelters were scheduled to open Thursday. Aid agencies were also working to help Hawaii's sizeable homeless population, many of whom live near beaches and streams that could flood.Because there's not enough shelter space statewide, Hawaii Emergency Management Agency Administrator Tom Travis urged people who were not in flood zones to stay home.On the island of Lanai, it was eerily dead still and gray, said Nick Palumbo II, who owns Lanai Surf School and Safari."It's relatively like a regular day," he said by telephone. "I got friends calling me telling me there's surf at the beach, and they're actually going surfing right now."He won't be joining them and instead is staying home with his four children since there's no school.Palumbo is prepared for the storm after boarding up one large window and stocking up on snack food. He's also got a freezer full of fish he's caught on dives and deer he's hunted on the island to last them through the storm."I don't have a generator, but I figure as things thaw out, if the electricity goes, we'll just get cooking," he said.The central Pacific gets fewer hurricanes than other regions, with about only four or five named storms a year. Hawaii rarely gets hit. The last major storm to hit was Iniki in 1992. Others have come close in recent years.Napua Puaoi of Wailuku, Maui, said she and her husband planned on boarding up their windows and sliding doors. She was 12 at the time of Hurricane Iniki."When it did happen, I just remember pandemonium. It was all-out craziness," she said.Unlike Florida or Texas, where residents can get in their cars and drive hundreds of miles to safety, people in Hawaii are confined to the islands. They have to make sure they have enough supplies to outlast power outages and other potential emergencies.The Federal Emergency Management Agency moved several barges packed with food, water, generators and other supplies into the region ahead of Hurricane Hector, which skirted past the islands more than a week ago, FEMA Administrator Brock Long said. 4739
Herman Cain tweeting about how not deadly COVID is after previously dying from COVID. pic.twitter.com/uzBSMl48et— Kit.?????? (@KitMaxwell_) August 31, 2020 163
From coast to coast we found hundreds of people sharing similar stories.Men, women and children all spoke of scalp sores, bald spots and hair falling out in clumps.Jessica Deets said her hair started falling out at an alarming rate two months after she began shampooing with Monat. She also estimates her daughter lost most of her hair after using Monat's children's line. Jessica showed us the clumps she says she found in little girl’s crib. 451
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