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The parent company for Gap and Banana Republic announced Friday that they would close more than 225 stores globally to "further advance its long-term strategic priority of a smaller healthier fleet."The closures are expected to occur this year with more stores closing in 2021, Gap Inc. said in its earnings report.According to the New York Post, many of the stores closing are located in malls.Also stated in its earnings report, the company closed 25 Old Navy's, 87 Gap's, 50 Banana Republic's, two Athleta's, one Intermix, and eight Janie and Jack stores in the quarter ending Aug. 1.Aug. 1 had 3,814 stores worldwide, which is 100 fewer stores that they had on Feb. 1, which was 3,919.Due to them temporarily closing their stores due to COVID-19, the company stated that they began the quarter with an 18% decline in net sales. 839
The holiday season leads the mad dash to the end of the year for businesses, but this year’s dash may look entirely different because of the pandemic.“Especially the grassroots efforts, connecting with them face-to-face. Unfortunately, right now, we can’t do that. So, we need to be thinking about now, ‘How can we get in front of people more frequently?’” said Lacey Book, a business consultant specializing in helping small businesses succeed. “Essentially, we need to get in front of people and cut through the noise of everything else.”In these challenging times, she offered specific tips for navigating through December.Among her ideas:Make sure your business has a web presence that is easy to navigate. It's critical to reaching customers, who are now mostly shopping online.Reach out to repeat customers you’ve had over the months and years through email and social media.Create connections with other businesses by collaborating on marketing and see how you can help them. Being benevolent, she said, goes a long way.Discounts help as well“I think it would really be important to look at, ‘Where in my business can I offer maybe a discount or extend the opportunity for people to buy something at a lower price point?’” Book said. “Because people are also price shopping, where in the past, people were really able to find money for the things that they really wanted. But now, what they’re doing is spending money on what they actually need.”While these tips are aimed at helping businesses get through the pandemic, Lacey Book said it is likely some of the advice will be relevant beyond that, because our shopping habits and expectations may have changed for the long haul. 1694
The pandemic has resulted in a major increase in donated items, so the selection at stores like Goodwill is better than ever before.Families that are trying to make ends meet are benefiting a lot from this surge in donations."It’s not just a little bit. It’s carloads of donations," said Goodwill store manager Sarah Guthrie. "It’s just been crazy. Donation after donation. The first weekend I was here, we did over 1,000 donations between Saturday and Sunday. It's about a car for every 12 seconds."Guthrie has been store manager at the Castle Rock, Colorado, Goodwill location for about a month and a half. She's seen the same thing just about every day since."Right now, our donation center starts at 10 a.m., but starting around 9:15 or so, we start getting cars in our line and a lot of times it’ll wrap all the way around the building and into the street," said Guthrie.They see car after car of people dropping off bags of things they no longer need."Spring cleaning has taken on a whole new meaning this year," said Goodwill Industries International CEO Steve Preston.He says this isn’t just unique to this one store. Donations are up across the country where stores are open, which means now is the time to go shopping for a bargain."That is the logical connection. So, when we get a lot of great donations coming in, it is a super time to hit the store because our category is called “Treasure Hunting”, category in retail, and there are just a ton of treasures in there because so many people have been bringing in those donations," said Preston.Some stores are seeing an increase of up to 50% in donations, and they’re having a hard time storing it in their stores."Many of our local stores are renting additional warehouse space. They’re finding trucks to be able to hold those donations," said Preston.Which is the case back at Guthrie’s store."We store what we can here in the store. We process what we can here in the store. But, a lot of what we get in through our donation line actually goes to our warehouses," said Guthrie.More donations mean selling more goods, which turns into more job training for people who are now finding themselves unemployed. 2179
The mother of Breonna Taylor wrote an open letter to President-elect Joe Biden calling on him to make criminal justice reforms and to open federal investigations into several high-profile police-involved deaths.“For many Americans, a vote for you was a vote for Breonna, Jacob Blake, Casey Goodson and so many others who have been failed repeatedly by the criminal justice system under the current administration,” Tamika Palmer wrote. “These victims could not vote for you – so millions of us did so on their behalf.”The letter was a full-page ad in the Washington Post Tuesday, and was reportedly paid for by the Grassroots Law Project.Palmer’s daughter was killed in March when Louisville police fired dozens of rounds into her apartment in an early morning warrant search.Shaun King, co-founder and Executive Director of Grassroots Law Project, shared an image of the open letter, saying Palmer “not only calls on Biden to prosecute the officers who murdered Breonna, but to bring about the change & justice he promised her.” 1041
The NFL will consult an advisory committee made up of former coaches, general managers, and players on such issues as postponing, moving, or even canceling games this season due to the coronavirus pandemic. Troy Vincent, the league's football operations chief, said that the advisers, who will report to Commissioner Roger Goodell, will help avoid any "inequities" in those decisions. Vincent did not identify any members of the panel, saying he was awaiting their approval to do so. Vincent also said the league will consider playoff games in a bubble environment, noting that "all options are on the table."Game-day and travel protocols were sent to all 32 teams this week, which included "extensive in-stadium specifics include rules for the field, sidelines, locker rooms, tunnels, entrances, and training rooms," the Associated Press reported.The league said that when traveling, masks must be worn at all times, everyone must stay in separate hotel rooms, buses limited to no more than 50% capacity, and when on an airplane, a seat must be left open between passengers."I am very proud of the innovation and attention to detail that our club medical staffs have shown as they have created these plans, which were reviewed and approved by the league, the NFLPA, and our infectious disease experts,” said NFL Chief Medical Officer Dr. Allen Sills.Teams will not be allowed to leave their hotel to eat or use restaurants that are open to the public, the league said.Cheerleaders and mascots cannot be on the field this upcoming season, NFL Network's Tom Pelissero reported. 1584