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Former Kentucky Gov. Matt Bevin pardoned more than 400 convicts and some of those decisions are causing controversy. One of those cases was a Lexington man convicted of killing his six-week-old son. The baby's mother said she was appalled by the release.Kurt Smith was 17-years-old when his infant son Blake was murdered. Smith was watching the newborn and claims he dropped the child on a hard floor. The jury did not buy his story. Smith was convicted of wanton murder. 484
Gap and Old Navy have been trending in opposite directions for years. So they're finally splitting up.Gap said Thursday that it would break into two companies. One of the companies will contain Old Navy, while the other yet-to-be-named business, currently called NewCo, will comprise Gap, Banana Republic and other brands, including Athleta and Hill City.The move is designed to allow Old Navy — which has grown to billion in annual sales since it opened its first store in 1994 — to expand on its own. Meanwhile, the company can consolidate its older brands like Gap and Banana with its newer ones like Athleta and Hill City. NewCo will have about billion in annual sales."We think the best way for each company to grow and meet the evolving needs of our customers is to allow them to pursue tailored strategies separately," Gap CEO Art Peck told analysts Thursday. Peck will lead NewCo. Sonia Syngal, CEO of Old Navy, will keep running that company.Wall Street cheered the decision: Gap stock was up 25% in after-hours trading.The separation is a tale of two vastly different businesses: Old Navy has thrived in recent years, and sales at stores open at least a year grew 3% in 2018. Meanwhile, the Gap has struggled — its sales fell 5% last year. Banana Republic has been closing stores, which has helped the company improve sales."Old Navy continues to outpace Gap brand and Banana Republic, and is one the fastest-growing major apparel brands," said Christina Boni, analyst at Moody's.The Gap, which was founded in 1969, used to be the coolest brand in retail: It rode the mall boom in the back half of the 20th century, and its logoed sweatshirts and turtlenecks won over everyone from teens to moms and celebrities like Sharon Stone.But the brand fell out of touch with the Baby Boomers who grew up on the brand, and it failed to attract the Millennials who drive fashion trends today. Retailers such as Levi's, Target and fast-fashion sellers H&M and Zara lured away Gap's denim shoppers with cheaper prices and trendier styles.The company has been talking for a while about how to make the Gap a healthy part of the business again. In November, Peck described Gap's store count as unprofitable. As of the end of last quarter, there were 1,242 Gap stores worldwide. 758 of them were in North America.On Thursday, the company said it will close 230 Gap stores over the next two years as part of its plan to "revitalize" the Gap brand. The closures will affect "specialty" Gap stores, which includes mall-based stores.Most of those stores will be in North America, Peck told analysts Thursday. Chief financial officer Teri Stoll added that the company focused on stores that were not delivering, were in the "wrong locations" or were not a "strategic fit."About 130 of those closures will happen this year, according to Gap. The company also plans to open Old Navy and Athleta locations. Athleta, which will be part of the new Gap company, is a women's athleisure chain that has been a success. Hill City launched last year as Gap's men's athleisure brand.Gap thinks it will save between 0 million and 0 million before taxes over the next two years because of its closure plans, according to a securities filing. It expects to finish splitting the companies in 2020.But some analysts questioned why promising brands such as Athleta and Hill City were included in NewCo with the struggling Gap brand."This could have been an opportunity for a fresh start for Gap," said Bob Phibbs, CEO of consultancy Retail Doctor. "It's simply putting the NewCo brands though the ringer for another cycle of rinse and repeat."The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3771

Hundreds of deadly infant sleepers that have been recalled are still for sale online secondhand on websites like Craigslist, Facebook Marketplace and eBay, 168
Former Penn State football player Isaiah Humphries has filed a federal lawsuit, claiming that other members of Penn State’s football team hazed him and the coaching staff was aware of it, ESPN reported. Humphries’ suit is against Penn State head coach James Franklin and former teammate Damion Barber. Humphries claimed that other teammates, including Barber, Micah Parsons, Yetur Gross-Matos, Jesse Luketa brought on the hazing, ESPN reported. Among the allegations, ESPN reported that Humphries alleged that players “facilitated a campaign to harass and haze underclassmen” on the team. Humphries claimed that a member of the team said "I am going to Sandusky you."Jerry Sandusky was a former Penn State coach convicted of sexually abusing children while on university property. Many university officials, including former head coach Joe Paterno were fired in the wake of the Sandusky scandal.Penn State released a statement to ESPN noting that no charges were filed. "The university has established processes in place for responding to claims of potential misconduct. In accordance with our processes, the Office of Sexual Misconduct Prevention and Response and the Office of Student Conduct carried out investigations of the plaintiff's claims independent from Intercollegiate Athletics," the school said. "In addition, Penn State police investigated related allegations and forwarded the results of that investigation to the Office of the Centre County District Attorney. The DA reviewed the case and decided that no charges would be pursued."To read more of ESPN’s report, click 1597
Honored to wear these cleats tomorrow for Riley Hospital, pediatric cancer awareness & in loving memory of Kadyn, Leah, Daija & Brianna???? pic.twitter.com/KFIu1HEN5h— Matt Overton (@MattOverton_LS) October 21, 2017 235
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