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Another nationwide retailer is filing for bankruptcy amidst the pandemic.Stein Mart filed for Chapter 11 bankruptcy protections Wednesday, citing the current situation in retail during the coronavirus pandemic.“The combined effects of a challenging retail environment coupled with the impact of the Coronavirus (COVID-19) pandemic have caused significant financial distress on our business,” said Hunt Hawkins, Chief Executive Officer of Stein Mart, Inc. in a statement from the company. “The Company lacks sufficient liquidity to continue operating in the ordinary course of business. I would like to thank all of our employees for their dedication and support.”Stein Mart says they expect to close most, if not all, of their 281 stores and they have launched a “store closing and liquidation process.” The first store opened in 1908 in Mississippi.The discount department store says they are looking at possibly selling their website and intellectual property during the Chapter 11 process.Stein Mart adds to the list of several retailer who have announced bankruptcy filings or closings, including Tuesday Morning, JCPenney, Sur La Table, Mens Warehouse, Ann Taylor and Lord & Taylor. 1199
Anti-terror police in the UK are continuing to question two suspects arrested over the weekend on suspicion of attempting to blow up a London Underground train during rush hour on Friday morning.An 18-year-old man and a 21-year-old were arrested separately by police on Saturday and searches are under way at two addresses on the outskirts of London, according to UK police.Both men had been fostered by the same elderly couple, and at least one was a refugee from Iraq, local officials told CNN Monday. 511
As federal government aid begins to wane, hotels across the US says that the majority of jobs in the industry could disappear in the coming months.According to a Hotel & Lodging Association survey, 74% of hotel jobs could be eliminated if additional federal funds are not dispersed to the hospitality industry. Of those surveyed, 69% of operators said that hotel stays have been cut by more than half.The Hotel & Lodging Association says that one in 25 US jobs are supported by the hotel industry, equaling 8 million jobs.According to the federal government, the hospitality industry in total had 16 million employees before the pandemic. In April, that number was cut in half. Federal statistics show about half of the jobs lost in the spring have been regained. But many of those jobs remain in peril.Two-thirds of hotels say that they will go out of business if current revenues remain constant for the next six months."It's time for Congress to put politics aside and prioritize the many businesses and employees in the hardest-hit industries. Hotels are cornerstones of the communities they serve, building strong local economies and supporting millions of jobs," said Chip Rogers, president and CEO of the American Hotel & Lodging Association. "Every member of Congress needs to hear from us about the urgent need for additional support so that we can keep our doors open and bring back our employees."For months, proposed stimulus packages have been stalled as House Democrats, Senate Republicans and the White House have lacked agreement on a set of proposals. While hotels and other businesses in the hospitality industry saw a boost thanks to the CARES Act, those funds are running low.The similarly impacted airline industry has said that thousands of jobs in its industry will be eliminated on October 1 without additional funding. 1863
Anthony Borges, 15, was shot five times during the mass shooting at his high school, according to the Broward County Sheriff's Office.On Sunday, the injured teenager remained in a hospital bed with his face swollen and his body tethered to IV and oxygen tubes."Fortunately, he is recovering -- but has a long road ahead with more surgeries needed," according to a Broward County Sheriff's Office Facebook post. 424
And the title of the next Avengers film is...Endgame.Marvel Studios released the first trailer for the fourth — and possibly final — Avengers film on Friday, confirming suspicions that the movie would be called "End Game."The trailer offers few hints to the fate of a number of superheroes following the ending of Avengers: Infinity War, but offers a glimpse of heroes Black Widow, Captain America, Hawkeye, Nebula, Iron Man and the Incredible Hulk.The end of the trailer introduces Hank Pym, aka Ant-Man into the new film's storyline, after he was absent from Infinity War.The message tweeted alongside the video? "Part of the journey is the end." — a line uttered by Stark during the trailer.The trailer does not give a release date for the film, but it confirmed the movie would be released in April.There is at least one more Marvel movie set to release ahead of Avengers, which could offer more insight into the new Avenger's plot — Captain Marvel, which will hit theaters on March 8.Watch the full trailer in the player below. Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 1149