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NEW YORK (AP) — The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, the latest retailer to do so during the pandemic. Ascena Retail Group, which operates nearly 3,000 stores mostly at malls, has been dragged down by debt and weak sales for years. In a press release, the company said they were closing all of their plus-size stores Catherines.The company also said in the release that they plan to "strategically reduce its footprint with the closing of a significant number of Justice stores and a select number of Ann Taylor, LOFT, Lane Bryant, and Lou & Grey stores."It joins other retailers that have filed for bankruptcy in recent weeks, including Brooks Brothers, Neiman Marcus, J.C. Penney, and J. Crew. These retailers were already struggling with poor sales, but the forced closure of stores in March to reduce the spread of the coronavirus put them further in peril. Experts believe that there will be another wave of bankruptcies this fall that will include companies that had been healthy before the pandemic struck. 1076
NOANK, Ct. -- As a humid summer breeze blew across the bow of the oyster boat Marc Harrell was standing on, he looked out toward Long Island Sound and could see some signs that the nation’s economy is recovering.Harrell has spent most of his life fishing those waters for oysters under the guidance of Captain Jim Markow, both men are the backbone of Mystic Oysters, a family owned business that’s been around for decades.“Our business hasn’t completely rebounded yet, it’s still going to be some time before it does,” Harrell said as he dropped an oyster dredge off the side of the boat.In Noank, Connecticut, the headwaters of the Atlantic Ocean come crashing into the Mystic River. The combination of saltwater and fresh water creates what most in the coastal community say are some of the best oysters in the world.But the coronavirus outbreak has been threatening a way of life that’s been a part of this community for generations. It’s a pandemic impacting both land and sea.“We don’t know what’s going to happen and we’re still not 100% optimistic that everything is going to be the same once this is all done,” Markow said.For the better part of 40 years, Markow has operated Mystic Oysters. The small family-owned company prides itself on harvesting oysters directly from their own oyster beds and shipping them directly to restaurants and suppliers up and down the East Coast. But as countless restaurants closed because of the coronavirus, Mystic Oysters no longer had a customer base.Like so many other small businesses across the country, COVID-19 has forced Mystic Oysters to reinvent themselves. The company has started selling directly to consumers, harnessing social media and word-of-mouth to bring customers directly to the docks to buy oysters as fresh as they come. They’ve even started coordinating with other small businesses and fisherman to hold farmers’ markets and pop-up sales tents around the area.Revenue is still down considerably but Markow sees a future in their new business model.“It’s exciting to see the opportunities that are out there that we weren’t aware of,” he said. “We were forced into a situation to reinvent our business and I think in the long run it’ll be a positive, in the short run though, definitely scary.”Experts say that kind of ingenuity and creativity is something other small businesses can emulate as they try to navigate the uncertainty surrounding the virus.“That’s always been the staple of small business, finding those market opportunities and working with the resources they have to survive,” said Holly Wade, who serves as a researcher with the National Federation of Independent Businesses.As for Mystic Oysters, they see diversification as a way forward. For the first time in the company’s history they’ve even started selling fresh lobsters directly to consumers. Markow hopes other small business owners who might be struggling see what they’re doing here and find hope for a future rebound.“Don’t give up, keep thinking. There’s a lot of opportunities out there if you want to be creative.” 3071
New York Attorney General Eric Schneiderman announced he is resigning from his office on Monday, just hours after a report surfaced of four women accusing Schneiderman of physical violence against them. Two women, Michelle Manning Barish and Tanya Selvaratnam, spoke on the record to the New Yorker, both saying they had been romantically involved with Schneiderman but that the violence was nonconsensual.According to The New Yorker, Barish and Selvaratnam said he had hit and choked them, and that they later sought medical attention because of it. Selvaratnam also alleged that Schneiderman threatened to tap her phone, among other threats.Both women alleged that the incidents often occurred after Schneiderman had been drinking. 761
NEW YORK — Whether you thought SantaCon was naughty or nice, New Yorkers can check the annual bar crawl off their list this year.The organizers of SantaCon NYC have announced the event will not take place this year due to the coronavirus pandemic.“2020: The year there was no SantaCon. Remain home and stay on the Good List! We are all in this together so to keep the spirit alive, we have to socially distance and wear a mask. Looking forward to 2021,” an announcement on the official website says.Tha annual event calls on participants to dress up as Santa, elves or other Christmas creatures from the North Pole for a city-wide bar crawl. And while the event also doubles as a charity fundraiser, it's become a polarizing tradition in New York City.While thousands of Santas and elves flock to Manhattan for a day of revelry to celebrate the holiday season, many who live or work in the borough have long panned the alcohol-fueled behavior that would certainly put some participants on the naughty list, including brawls and arrests.This story was originally published by Lauren Cook on WPIX in New York City. 1120
New numbers just released by the American Academy of Pediatrics (AAP) on Monday show the number of COVID-19 cases is going up sharply among a group of children.The new numbers show children now account for 9.5 percent of all COVID-19 cases across the United States with 476,439.“Children are not immune. Children can get this disease. Some children can get very sick from this disease,” said Dr. Sally Goza, president of the AAP. “When we first started with this, we were saying children were about 2 percent of all the cases, so they’re now 9.5 percent, so we are seeing a number of children that are cases.”Since May 21 COVID-19 cases in children have increased by more than 700 percent, while the total number of cases has risen 270 percent.In the same time frame, child hospitalizations from COVID-19 have nearly tripled that of the general population, rising 356 percent compared to 122 percent.Deaths have doubled in proportion, as well, as child COVID-19 hospitalizations have risen 229 percent compared to 115 percent for all age groups.“Kids are back playing sports. Some kids are back in school,” said Dr. Goza. “So, it would make sense that children would be increasing as well.”Dr. Goza says as we resume a more normal lifestyle a rise in children is expected, but it is the quick increase in proportions that is concerning. She says it comes down to one thing doctors have been preaching for months now: reducing community spread.“The whole thing of we need to decrease the community spread of this disease,” said Dr. Goza. “That’s what [these numbers] tell me is that we have not done a good job of decreasing community spread, because it’s now spreading to our young children.”Dr. Goza says the new numbers are not worthy of panic, but it is a sobering reminder that even those deemed most resilient to this disease are at-risk and need to heed precautions just as much as everyone else.“This virus is serious. We’re not done with it. We may feel like we’re done with it, but this virus is not done with us yet,” she said. 2045