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As nearly 450 Pier 1 locations are set to close in the coming year, the company announced it is filing for Chapter 11 bankruptcy. Of the 450 locations set to close, 400 of them have either recently closed or started liquidating stock. In addition to the store closings, the company will shutter two distribution centers. The moves come during a rough time for brick and mortar retailers, as malls and shopping centers throughout the United States become more barren. Pier 1 said it is also in the process of securing a buyer for the company over the next six weeks. “In recent months, we have taken significant steps forward in our business transformation and cost-reduction initiatives," CEO Robert Riesbeck said. "We have worked to establish an appropriately sized and profitable store footprint, operating structure and merchandise assortment that will enable Pier 1 to better serve our customers across store and online channels. "Today’s actions are intended to provide Pier 1 with additional time and financial flexibility as we now work to unlock additional value for our stakeholders through a sale of the Company. We are moving ahead in this process with the support of our lenders and are pleased with the initial interest as we engage in discussions with potential buyers.” 1296
An escaped elephant, which had the Kansas City Zoo on high alert, has been returned.The Zoo tweeted around 3:40 p.m. that it was “in an active code red situation with an elephant in an area it should not be.” 222
Apple is turning it up to 11.Apple officially unveiled its new iPhone lineup at a closely watched media event at its Cupertino, California, headquarters on Tuesday. The updated models include the iPhone 11, with a more affordable price tag, and the higher-end iPhone 11 Pro and iPhone 11 Pro Max.The iPhone 11 Pro and iPhone 11 Pro Max models feature an improved camera system, with three cameras on the back of the phone, and better battery life than previous models. Apple says the iPhone 11 Pro will last four hours longer than the iPhone XS and the iPhone 11 Pro Max will last five hours longer than the iPhone XS Max.Tim Cook, Apple's CEO, called the Pro models "the most powerful and most advanced iPhones we have ever built, with a stunning design."The company also unveiled a new seventh generation iPad at the event Tuesday, with a larger 10.2-inch retina display and a price tag starting at 9. The previous model had a 9.7-inch screen. And it announced the Apple Watch Series 5, an updated version of its smartwatch with an always-on display. With this feature, the watch face is always visible, rather than requiring the user to raise his or her wrist.The Series 5 watch starts at 9, or 9 with cellular. The Series 3, an earlier version, will now retail for just 9.Apple kicked off the event by focusing on its premium subscription services, a product area it is increasingly betting on to grow revenue and offset sales declines in its core iPhone business.Apple unveiled pricing and additional details for Apple Arcade, its gaming subscription product, and Apple TV+, a new streaming service for original shows and movies. Apple Arcade and Apple TV+ will each cost .99 a month.At a time when some of its competitors are launching innovative but riskier concepts, such as Samsung's foldable smartphone and its two 1850
BREAKING: @UAW announces a strike begins TODAY for @GM auto workers. As soon as this press conference ends, the strike begins. VP Dittes says they are standing up for their union members, for fair wages, health care, job security, ‘our’ share of the profits ... cont. pic.twitter.com/wR33Y9oivh— Jennifer Ann Wilson WXYZ (@JennaWils) September 15, 2019 364
As unrest wavered through the United States on Saturday, one protest had a different way of protesting: Through dance. In Newark, New Jerseys, dozens of Black Lives Matter protesters joined in a dance of the famous dance song “Cupid Shuffle” on Saturday. The scene showed a stark difference from events taking place in other cities, many of which had looting and rioting on Saturday. Video of Saturday's dancing protest has gone viral, with more than 8 million views on Twitter by Sunday evening.Saturday's protest was one of many being held in major cities through the US in response to the death of George Floyd, who died while in police custody on Monday. The city’s police department called Saturday’s protest in Newark “peaceful.” The world needs to know about what happened in Newark today. A Black city, with a Black mayor (who marched with us), and many Black owned businesses. 100% peaceful demonstrations. Anger was allowed to be expressed in a healthy way and wasn’t met with force. 1006