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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
Geese are terrifying. Everyone knows this. Their bites hurt land they have no respect for children or the elderly. In fact, they are the second-most terrifying bird behind turkeys (large, tenacious) and ahead of crows (eidetic, vengeful).So this momentous trio of photographs showing a Canada goose absolutely trucking a high school golfer near Blissfield, Michigan, is just a reminder of the natural order of things. You can have, as one Twitter user put it, a "quiver full of bird maulers" and a whole high school athlete's worth of physical power, but the goose is going to win every time. It's science.The unlucky human sacrifice here is Isaac Couling, a member of the Concord High School golf team. According to Blissfield Golf Coach Steve Babbitt, Couling, 16, was competing in the Madison Tournament at the World Creek Golf Course in Adrian, Michigan, when terror rained down."The group just finished teeing off on hole #7 and were walking down the fairway," Babbitt told CNN in an email. "They were aware of a goose nest on their left which they were looking at but not bothering when from behind them and to the right came the guard goose (protecting the nest)."Then came a rather alarming escalation, a whole Shakespearean tragedy in three acts. The Blissfield Athletics Twitter account explained that Couling was caught off guard by the charging bird as he was keeping an eye on another, probably equally threatening, goose.As Couling attempted to flee the chaos he tripped, allowing the goose a clear coup de grace.Said Blissfield Athletics on Twitter: "And you thought golf was boring?"Massive credit should also be given to Devon Pitts of Blissfield, the photographer who caught this inspiring moment of nature in action."You can say (she) was at the right place at the right time," Babbitt said.Fortunately, Couling is fine despite his close brush with winged evil. He tells CNN he was able to pick up the game where he left off, though only on the goose's terms."My clubs fell out and the goose guarded my golf clubs, so I had to finish with my teammate's clubs," he said. "The coaches had to go out with golf carts (to chase it away) while I finished the hole." 2192
Hackers who were able to take control of at least a dozen high-profile Twitter accounts and tweet messages calling for Bitcoin solicitations gained access to the accounts by targeting Twitter employees, the social media site said Wednesday evening.According to Twitter's support account, the hackers "successfully targeted some of our employees with access to internal systems and tools." They then posted messages seeking Bitcoin solicitations — with a promise to return double the amount — on a series of high-profile Twitter accounts.CNN reports that the Bitcoin wallet included in the tweets is in fact, real and that those conducting the scam have received more than 0,000 in Bitcoin. 700
Gun deaths in America have reached a record high.Nearly 40,000 people in the United States died by guns last year, marking the highest number of gun deaths in decades, according to a new analysis of data from the Centers for Disease Control and Prevention's WONDER database.A similar analysis was first conducted by the Educational Fund to Stop Gun Violence, a non-profit gun policy advocacy group.CNN replicated that analysis and found that 39,773 people died by guns in 2017, which is an increase of more than 10,000 deaths from the 28,874 in 1999. The age-adjusted rate of firearm deaths per 100,000 people rose from 10.3 per 100,000 in 1999 to 12 per 100,000 in 2017.CDC statisticians confirmed with CNN on Thursday that these numbers are correct and they show gun deaths have reached a record-high going back to at least 1979, which was the year firearm deaths started to be coded in mortality data.CNN's analysis also showed that 23,854 people died from suicide by guns in 2017, the highest number in 18 years. That's a difference of more than 7,000 deaths compared with 16,599 suicide deaths by guns in 1999.The age-adjusted rate of suicide deaths by firearm rose from 6.0 in 1999 to 6.9 in 2017.Firearm deaths in the data include gun deaths by homicide and suicide, unintentional deaths, deaths in war or legal interventions, and deaths that are undetermined.When the data are analyzed by race and gender, they show that white men made up 23,927 of the total 39,773 firearm deaths last year, including suicides.In 2017, the age-adjusted rate of suicide deaths by firearm was highest among white men at 14 per 100,000 -- compared with: 1650
Hillary Clinton admits that she made a series of mistakes during the 2016 election in her newly released memoir, conceding that she did not fully understand the American electorate and failed to muster the anger that many voters wanted to see.The book is full of Clinton focusing blame elsewhere, but in raw terms -- and with more directness than at any point since Election Day -- the former Democratic nominee admits that she made catastrophic mistakes during the campaign that led to her loss."I've tried to learn from my own mistakes," she writes in her author's note. "There are plenty, as you'll see in this book, and they are mine and mine alone." 662