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Brookstone filed for bankruptcy and will close its remaining 101 mall stores.The mall and airport seller, best known for massage chairs, quirky gadgets, and travel luggage, filed for Chapter 11 bankruptcy in federal court on Thursday. It was Brookstone's second bankruptcy filing in four years.The company will keep its 35 airport stores and website open and running while it attempts to find a buyer. It has secured a million loan to finance operations during the sale.Brookstone's CEO said in a statement that its airport and online businesses were successful, but an "extremely challenging retail environment at malls" forced the company to close its stores there.Unabated traffic losses at malls have plagued brick-and-mortar sellers. Mall vacancies reached a six-year high last quarter as a wave of stores closed, including Walgreens, Bon-Ton, Sears and Kmart, Best Buy, Kay and Jared, Matress Firm, and GNC."They're trapped in hundreds of these B and C malls, whose traffic has been in serial decline," said Mark Cohen, the director of retail studies at Columbia Business School. "Where they are in triple-A malls, they're faced with very high rent."In 2014, Brookstone filed for bankruptcy and was sold to a Chinese consortium for 6 million. At the time, Brookstone operated 240 stores.The company, which started in 1965 with a classified ad in Popular Mechanics magazine, struggled to implement a digital strategy as shoppers found more places online to buy speakers, headphones, and tech tools they used to only be able to find at Brookstone."The category is Amazon bait," Cohen said. "They lost the thread of newness, innovation and excitement."Steven Schwartz, Brookstone's former chief merchandising officer and interim CEO, called Brookstone's decline "heartbreaking" in a phone interview last week."We were an amazing store company, but we didn't have our eyes on the ball the right way digitally." 1927
BIG BEAR LAKES, Calif. (KGTV) — Big Bear's most popular bird is expecting another baby, as the area's nesting bald eagle laid her second egg last week.The female eagle has been nesting an egg since last Wednesday before a second one arrived last week, according to ABC-affiliate KABC.A camera installed by the group Friends of Big Bear Valley has kept interested bird watchers in the know: live streaming the eagle as it waits for its eggs to hatch.So when can viewers expect to see the new babies? The eaglets should hatch in early to mid April if everything goes well, according to KABC.Check out the live stream of the nest here: 640
Banking since COVID-19 has taken on a different form. From wearing a mask to not being able to talk with a teller, several changes have been implemented in recent months.At Michigan Legacy Credit Union, a cashless transaction requiring the help of a teller can now be handled from home, from the mall, or by the lake. They launched the virtual teller app in early July."As long as you don't need a cash transaction, you can open up a membership, you can apply for a loan or a mortgage," Teller Michael Castano said. "There's so many different member service opportunities you can have just from the comfort of your home.""Only 7 percent of our transactions are done by members in our lobby with a teller. Everything else is electronic format," CEO Carma Peters added.Peters said declining transactions in brick-and-mortar branches has fueled the credit unions to push to mobile banking, and since COVID-19, there's been a massive increase in mobile banking."We let members call us, text us, chat us, use our mobile website. Our mobile logins went up in the month of April by 50,000," Peters said.She said the plan was to equip branches with virtual tellers before launching the app. That comes next.Banking in-person has also taken on a different look. Wearing a mask during a visit prior to COVID-19 might raise suspicion. Now, it's encouraged at all credit unions.For banks that remain open, the American Banking Association has also called on all banks to adopt a face mask policy.This story was first reported by WXYZ in Detroit, Michigan. 1551
BREAKING: Law enforcement is now announcing that Anthony Warner, 63, of Bakertown Rd, is the man believed responsible for Friday's explosion. He perished in the blast. No one else is presently believed to have been involved. Thank you to our federal & state partners. pic.twitter.com/PwMa1MwHvd— Metro Nashville PD (@MNPDNashville) December 27, 2020 372
BATAVIA, Ohio -- Some of Robin Hornberger's best students at West Clermont High School have two choices when it comes to college, and neither is ideal: Go into debt to afford the next phase of their education or abandon it altogether. "Our dream is that they can do what they want to do, that they can look at all the professions possible and pick their profession," she said. "But for some kids, it's just too expensive. … They would be having more debt per month than they would be making per month just starting a job."She wants to help them find a third option: Go to college with enough assistance -- no repayment required -- to make it manageable. That's why she's training every week and paying registration fees out of her own pocket to run in one marathon for each month of the next three years. She's already got two under her belt.Hornberger's marathons are a fundraiser and a way for her to draw attention to the difficult situation of economically disadvantaged students who want to better themselves through higher learning.Two months into 2018, she's raised ,000. By the end of 2021, she hopes it will be 0,000 -- enough to send one West Clermont graduate to college with an ,000 scholarship in hand for the next six years."One kid at a time is slow, but if you look into the future, 20 years down the line, that's a whole classroom of kids that have parents who have gone to college," she said. "That's pretty significant."Hornberger is running with support from sponsors such as Chipotle, Perfection Gymnastics and the Tri-State Running Company in addition to taking donations from individuals. Anyone wishing to support her mission and see her racing schedule can do so here."The vision is that they can be what they want to be, and then their kids will have parents who have been college," she said. "Once you get the first generation in college, it becomes more of a norm. That's what I want for our community." 1962