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NEW YORK (AP) — Gap Inc. is moving away from the nation's malls. The San Francisco-based brand was for decades a fixture at shopping malls around the country. Now it says it's closing 220 stores by early 2024. Back in August, the company announced its plans to close 225 stores globally.The parent company is also shuttering 130 Banana Republic stores. The moves announced Thursday are part of a three-year plan that will see Gap focus on outlets and its e-commerce business. Gap joins other clothing retailers in trying to reinvent themselves during the COVID-19 pandemic. The outbreak forced many non-essential stores to temporarily close in the spring and early summer.On Tuesday, the San Francisco-based company said they are "exploring is the possible closure of our company-operated Gap stores in the United Kingdom, France, Ireland, and Italy at the end of the second quarter in 2021."Gap Inc plans to shut down more Gap and Banana Republic stores amid the pandemic.By 2024, the company plans to close 350 mall locations in North America. 1053
NEW YORK (AP) — The satellite radio company SiriusXM has locked up its most valuable asset, Howard Stern, for five more years in a deal announced Tuesday. Terms were not disclosed. Stern was already making a reported million a year. He's invaluable to the company, which had 600,000 subscribers when Stern announced in 2004 that he was joining and now has nearly 35 million. "I had been in a toxic relationship with terrestrial radio. And no matter how well I treated the medium, no matter how successful I made them, they abused me," Stern said in a press release. "Going to SiriusXM liberated me. I felt like Tina Turner freeing myself from Ike," said Stern. "And despite the naysayers and the ridicule, we have persevered, and are thriving. I've been proven right about satellite radio over and over again. With this contract renewal, I can't wait to see what else I'll be right about.The deal also gives SiriusXM exclusive rights to Stern's audio and video library through 2032. In the press release, SiriusXM CEO Jim Meyer said the company "couldn't be happier" to continue working with the legendary shock-jock."Howard's home has been SiriusXM and it will remain that way, but we've expanded SiriusXM in recent years too, and we are excited about finding the right ways that select content from Howard can find audiences on additional platforms," Meyer said. "May I add, I consider Howard a close friend and look forward to listening to him for years to come."Stern, who's been working remotely due to the pandemic like millions of Americans, said Tuesday that now that he can work from home, 'I simply don't have an excuse to quit.' 1651
NEW YORK (AP) — Move over Mark Zuckerberg. At 21, Kylie Jenner has been named the youngest-ever, self-made billionaire by Forbes magazine.Forbes estimated that Jenner's Kylie Cosmetics is worth at least 0 million, and she owns it all. She hits the billion-dollar mark when you add in cash she has already pulled from the profitable business, the magazine said.Facebook's Zuckerberg was 23 when he hit the big B mark.Jenner told Forbes the milestone is a "nice pat on the back."Detractors have wondered as the Jenner-Kardashian sibling climbed her way to a billionaire exactly what Forbes means by "self-made." Her family, after all, is rich and famous. Her mom, Kris Jenner, helped build her business.Forbes says as long as she didn't inherit a business or money, she's labeled self-made. 799
New Yorkers are used to a lot of traffic. All day, every day streets are filled with cars, but for one day, busy streets will be car-free.In celebration of Earth Day, 30 blocks of New York City will only be open to pedestrian and bicycle traffic.From 9 a.m. to 3 p.m., Broadway will be closed to car traffic between Times Square and Union Square.Within those streets, several programs and activities will be made available to visitors, including fitness classes, performances and other activities.Citi Bike is also offering free day passes through its app.The goal is to encourage people to choose more environmentally-friendly methods of transportation.A portion of Washington Heights will also be closed between West 181st and West 190th streets on St. Nicholas Avenue. 785
NEW YORK (KGTV) -- An explosion in Queens, New York turned the sky an eerie shade of blue Thursday night. Video posted on social media shows the sky glowing a light blue color as an explosion could be seen off in the distance. WABC reported that the incident was caused by a transformer explosion at a power plant. Utility company Con Edison spokesman Bob McGee told the Associated Press what happened was an "arc flash" — somewhat like a bolt of lightning — after a malfunction in equipment that carries 138,000 volts of electricity 20 feet (6 meters) up in the air. He said the flash subsided on its own.The incident sparked a power outage at LaGuardia Airport, forcing the FAA to issue a ground stop. Watch video in the player below: Transformer fire in Queens? #firequeens New York pic.twitter.com/joRJ2OEckm— Jānis Lībeks (@JanisLibeks) December 28, 2018 867