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Hope Hicks, President Donald Trump's former communications director, will return to the White House as a senior adviser, according to reports from 159
First they dealt with a blizzard, and now, the floodwaters. Many of the Midwest’s farmers and ranchers are dealing with the devastating aftermath of the storms as farmer bankruptcies were already up. About 90 percent of Nebraska’s land is used for agriculture in some capacity, making the damage from floodwaters significant.“The disaster Nebraska has been impacted by for the last week is something we have not seen before in our history,” says Steve Wellman, director of Nebraska Department of Agriculture.Wellman says three-quarters of the state’s counties have declared emergencies. The disaster hits at a time when, according to the American Farm Bureau, Midwest farmer bankruptcies were already up almost 20 percent from the previous year.Some farmers who are facing such serious crop or livestock loss may have to throw in the towel on their livelihoods.“It’s a possibility that some producers will not rebound from this, but that’s [going to] be up to the individuals and what their situation is,” Wellman says.Nebraska resident Alex Stepanek didn’t want to sit idly by and watch that happen. Stepanek posted a collage of photos on Facebook last week, and after seeing it go viral, he decided to start a small fundraiser.“I grew up on a farm near St. Paul, Nebraska. Growing up in a small town, you have that feeling of community of wanting to help each other,” Stepanek says. “And I think all of Nebraska is like that in total, especially in times of crisis. And so, I think this was a great time for Nebraska to come together.”Stepanek has now raised almost a quarter of a million dollars. He says he’s working with the state’s farm bureau to make sure at least a third of that goes straight to farmers. The rest of the money raised will go to the towns and communities affected by the floods, says Stepanek. 1831
FORT LAUDERDALE, Fla. – A cruise ship with at least 42 people on board experiencing flu-like symptoms is expected to arrive in Florida next week. Holland America Line 179
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
I get to do a follow-up to one of my favorite stories! Six years ago I told you how a teen some thought would never walk or graduate surprised his entire class at commencement. Now he is beating the odds again! Story at 6. 238