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It's the end of an era: Toys "R" Us is closing all its US stores.That's sad news for the employees, kids and nostalgic adults, but could provide bargain hunters the opportunity to snag a deal.The?news of the 735 store closures means shoppers can expect discounts as the retailer liquidates. A company spokesperson said Thursday the timeline of sales has yet to be determined.But Chuck Tatelbaum, a director with Tripp Scott, a Florida law firm, expects the discounts to happen pretty quickly."I think that the sales will run for up to 60 days, and the closures will have taken place by then," he said. "The rent obligation is just so high."Depending on the timeline, the sales could be modest at first. The biggest discounts will come later."They will start discounting more and more as time goes on," said Ray Wimer, assistant professor of retail practice Syracuse. "But it's a double-edged sword: The item you might want might not be there anymore, but the better deals come later in the process."He expects the discounts to start around 20-30%, but eventually climb to 75-80% off. Any purchases made during the store closing process are final sale, according to the company.While customers haven't been flocking to the retailer recently, Wimer said the closing news could spur more foot traffic."We will likely see an outpouring from folks remembering being at Toys "R" Us. I wouldn't be surprised if they get a lot of traffic all the sudden."Customers with gift cards or store credit need to act fast. A company spokesperson said Thursday that rewards dollars, Endless Earnings and gift cards are being be honored for the next 30 days.New York Democratic Senator Chuck Schumer wants the toy company to redeem unused gift cards for cash so "they are not as worthless and unwanted as a lump of coal in a stocking," he said in a release Wednesday.If you prefer to shop online, there are some added risks now. "If it comes damaged or it's not what you want, the opportunity to return it is going to be minimal, so buying online has a much greater degree of risk at this time," said Tatelbaum. 2110
In many rural communities, entire cities often rely on one business to support the economy, and when those businesses leave, it leaves the community devastated.For the town of Luke, Maryland, its paper mill went out of business last summer, and the deep financial impact is being felt by families and businesses throughout the region.“I could hear that mill day and night, sitting right here. You knew everything was alright. Listen up there now,” said former mill worker Paul Coleman, while looking out the window towards what used to be the noisy mill. “Pretty quiet, isn’t it? Pretty quiet. That’s eerie."Yet, it’s the silence that now haunts Coleman every day. “I had no sights, no goals on retiring. I would’ve kept on working as long as I could,” said the father of four daughters.For nearly 30 years, he worked alongside hundreds of people inside the Luke Paper Mill. He did several jobs over the years, but much of his time was spent as an electrician.“All my family has worked in there,” said Coleman. “The mill was the lifeblood of the community."The mill is nestled into the hills on the Maryland-West Virginia border. For the small towns around it, this big business was really the only business.“Everything was centered around that paper mill,” said Coleman.But last summer, this electrician got the news he couldn’t believe.“He said, ‘The mill’s closing.’ I thought he was kidding,” Coleman recalled. The closure was real, and almost immediately, his unemployment benefits fell short, and eventually, they stopped.“I thank God I had my 401K, which I had to dip into, so we’ve had to live off of that,” he said.Still, the bills piled up, especially the health insurance bills. “Reality is what it is. I know no one is going to want to hire a 62-year-old electrician,” said Coleman.On his fridge are several magnets from the Caribbean islands the family vacationed to over the years. We asked him about those trips, to which he replied, “Anything like that—it’s out of the question. You have to live within your means."The most painful adjustment to Coleman is not having what he needs for his daughter, who is disabled.The family was just able to fix their handicapped van, so they could bring his 21-year-old daughter home from weeks in the hospital. But now, more problems for this dedicated father.“My chairlift is broken down,” said Coleman. "That’s the chair lift we use to get her up and down the steps. I called the guy today and it’ll be ,000 to put a new one in. Where am I gonna get that?”So, each day, he gets to work, fixing what he can.“I don’t claim to be the best of anything,” said Coleman. “I’m not the best electrician, but you don’t have to be, you just have to keep moving regardless of what you’re dealt.”At the height of its operation, the mill employed more than 2,000 people. As technology increased and production decreased, fewer people were needed inside the mill, but even still, when the mill shut its doors, 700 people were left without jobs. That loss extended far past the mill—the entire community felt the pain of this closure.“It went from seven days a week to not really knowing what you’re doing tomorrow,” said Richard Moran, a man born and raised in Allegany County and who supplied coal to the mill for decades. “Lucky to get a 40 hour week now."Moran was forced to lay off dozens of workers when the mill shut down. Months later, his family’s legacy is hanging on by a thread.“Right now, we’re doing odd jobs basically, whatever we can pick up on the side,” he said.He’s not only lost income, he’s lost the future he dreamed of. “I know my kids won’t stick around here," he said. "There’s nothing for them here.”Coleman is worried for the future, too. “I think there’s just an attitude of hopelessness and helplessness that’s here,” he said.Both men agree that attitude is easily fueled by no new jobs and no way to relocate for most living in this rural community.“That’s not an option for me. This is my home, my entire family’s here,” said Coleman, as his granddaughter and two of his daughters all sat in the next room over.The United Steel Workers Local Union President Gregory Harvey said these struggles are only the beginning.“Unemployment ran out, insurance ran out, so now it impacts the area," he said. "Now, there’s people not spending money like they were spending money before."He’s working to get as many of his members and neighbors employed as he can, but the jobs in town are low-paying.“These guys were used to making ,000 a year, and now they’re making ,000. That’s a hit,” said Harvey, a third-generation paper maker himself.Still, the community holds onto hope that this closure isn’t the end. “My hope is that somebody buys this mill and reopens it back up, and if I get the opportunity to go back and work in a heartbeat, do I have to be an electrician? No. I’d go back and shovel a ditch or anything, whatever it took,” said Coleman about wanting to continue providing for his family.His plea like so many of his neighbors: a call to someone—to anyone—to rescue this town and these families.“You’re not investing in concrete. You’re not investing in these buildings. You’re investing in a workforce like no other,” said Harvey. 5223
INDIANAPOLIS -- Indianapolis police are looking for a woman accused of shoplifting and throwing her own feces at an employee of an east side Menards.According to an incident report filed in the case, IMPD officers were dispatched to a Menards location around noon on Tuesday.Upon arrival, they spoke with the store’s loss prevention officer, who told them he’d spotted a woman take a video camera out of its box and place it into her open personal bag.When the loss prevention officer attempted to stop the woman from leaving the store, she “reached behind her and dug into her pants and pulled out a handful of feces and threw it at him, striking him on his chest.”The loss prevention officer said the woman then ran out of the door.Police said the stolen camera was eventually recovered, and investigators were able to recover surveillance video. The woman had not yet been identified. 906
It’s harvest time for the wine industry on California’s Central Coast.At Wolff Vineyards in Edna Valley, owner Jean-Pierre Wolff is dealing with all kinds of issues.“Today in my vineyard, it’s over 100 degrees,” he said. “The impacts of the fires and the smoke taint really add another level of challenge.”These environmental challenges are now costing Wolff financially. Some customers canceled their orders because of concerns about nearby wildfires impacting his grapes.“Negative effects can manifest themselves later on after fermentation and during barrel aging,” Wolff said. “So, they basically backed out of agreements.”Millions of acres have recently burned across California, Oregon and Washington, areas that produce 85% of the country’s wine.“It’s the first time in recent history that fires have impacted so many different wine grape growing regions,” said Anita Oberholster, Ph.D. with the University of California, Davis Department of Viticulture and Enology.She says America’s wine tourism is already struggling due to COVID-19 and that these fires could cost the industry even more through job loss and damaged products.“The problem with this year is the fires started much earlier than our harvest season,” Oberholster said. “About 10% of the grapes have been harvested and the rest were still on the vine. 2020 is not our year.”For many wineries, smoke taint of grapes is so severe, there might not be a 2020 vintage.“The 2020 vintage is going to be one where we’ll have a limited amount of high-quality wines,” Wolff said.While Wolff is working to keep his products from going down the drain and letting his wine go to waste, he says many in the industry are dealing with fire fatigue and that an increase in cost linked to these fires could be felt in years to come.“2023 probably particularly with reds is when impacts will be felt,” he said. “We’ll bounce back, but we’ll be a little black and blue.” 1930
It sounds outdated, but Cyber Monday is still a thing.The day of online sales was invented by retailers in the early days of the internet.It made sense because people had poky dial-up connections at home and faster ones at work. Plus everyone's feet were tired from all that schlepping through the mall all weekend.Now of course we all shop a lot online and on apps, whenever we want. And there's not really a difference between online stores and physical ones. Even Amazon, which effectively invented online shopping, has storefronts. 548