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(CNN) -- Teen clothing retailer Forever 21 is preparing for a potential bankruptcy filing, according to several published reports.Forever 21, which is privately held, has more than 800 stores in 57 countries. And while many retailers have been paring back their network of stores in recent years, Forever 21 was adding stores as recently as 2016. It still has as many stores as it reported at that time.The ability to get out of leases and close stores at a lower cost is one of the advantages that the bankruptcy process affords to retailers.The company did not respond to requests for comment.Traditional brick-and-mortar retailers that specialize in selling clothes to teens and young adults have had a particularly hard time in recent years as younger buyers shift from mall visits to online purchases.Among the retailers in the segment that filed for bankruptcy and closed all their stores during the last five years are Wet Seal, American Apparel and Delia's. Aeropostale also filed for bankruptcy in 2016 but has kept some of its stores open.Many retailers have run into trouble due to being purchased by private equity firms or hedge funds. But Forever 21 is still owned by its founders, Do Won and Jin Sook Chang. A husband and wife team, the Changs immigrated from South Korea in 1981 and started the chain three years later with a single 900 square-foot store in Los Angeles and only ,000 in savings.Forbes lists the couple as having a net worth of .5 billion, and the privately-held company itself as having annual sales of .4 billion and 30,000 employees.Bloomberg reported in June that some members of Forever 21 management had asked some of its landlords to take a stake in the company as a way of coming up with funds it needs.Mall owner Simon Property Group, for which Forever 21 is a major tenant, took a stake in Aeropostale during its bankruptcy process. In July Simon Property CEO David Simon told investors it was open to working with other tenants facing trouble, without mentioning any by name."We'll work together on other distressed situations, and let's face it, there are some out there," Simon said. "But we're only going to buy into companies that, we think, have brands and that the volume that is worth doing it."But Bloomberg reported Thursday that Do Won Chang has been trying to maintain control of the company in any restructuring, and that his desire to do so has limited the company's ability to find funds it needs. 2469
(KGTV) - Feeling good, San Diego? America’s Finest City is also one of the happiest cities in the U.S., a study shows. Major metropolitan areas were ranked by WalletHub on 31 indicators of happiness, including income growth, depression rates, and average leisure time. The indicators were used to create scores for emotional and physical well-being, income and employment, and community and environment. San Diego came in 18th overall. Although the city was in 8th place for well-being, the community score was 46, and income was 36. EXPLORING SAN DIEGO: Find great ways to enjoy San Diego with your familyOther San Diego County cities, Chula Vista and Oceanside, ranked 27th and 34th, respectively. The top scoring cities include:1. Plano, TX2. Irvine, CA3. Madison, WI4. Fremont, CA5. Huntington Beach, CADetroit was last, ranking 128th.RELATED: San Diego named a top food city by YelpThe study showed some regional trends for different happiness factors. Four of the cities with the lowest depression rates were in Florida. The top cities for adequate sleep were in the Midwest. But the city that never sleeps - New York - didn’t make the top five for inadequate sleep rates. That dubious honor was held by Detroit. 1227
(KGTV) - Fact: students with involved parents, no matter their income or background, are more likely to:Earn higher grades and test scores, and enroll in higher-level programsBe promoted, pass their classes and earn creditsAttend school regularlyHave better social skills, show improved behavior and adapt well to schoolGraduate and go on to post-secondary educationIs your child in a position to succeed? Are you in a position to help? Much of what you need for a positive start to the school year is available online, if you know where to look. 10News has done the navigation for you and put together this web guide for your district.District OverviewLa Mesa Spring Valley School DistrictEd-Data provides you with interactive, at-a-glance information about your district, including:Student DemographicsStudent PerformanceLocal Revenue ElectionsFinancial DataSchool Directory/District MapsClick here for a list of schools in the districtNew to the district? Click here for enrollment information.Click here to access maps of school boundaries.Bell Times/Bus InformationWhen does school start? When do classes end? And when does the bus show up? Here are the links you need, including how to get in touch with the Transportation Department.Bell times/bus schedule (contact individual schools)Transportation Services: Parent informationSchool MenusClick here for the most recently posted menus for breakfast, lunch, and snack options for each grade level.Parent PortalClick here for the District's main parent resource page. Turn to this website for information about important district forms, engagement opportunities, and parent FAQs.AccountabilityIs your school showing academic progress? How much is the district paying its administrators? How many discipline problems are there in the classroom? 10News has collected the data to help hold your district accountable.Transparent California: District Salary DataSchool Accountability Report Cards (SARC)School BoardThe Board of Education provides policy and financial oversight for the district.Main PageBoard Meetings and Agendas 2089
(CNN) -- Naturally, Jennifer Lopez got her dance on in honor of her milestone birthday.The singer/actress/anything else she wants to do turns 50 Wednesday, as unbelievable as that seems.Remember when 50 was considered grandma old?Not anymore. And Lopez is out here living her best life to prove it.On Tuesday, the former Fly Girl posted a video of herself on her official Instagram account showing off some killer moves with two of her back up dancers.#MOOD... Bc tomorrow's my birthday!!!!! #leoseason #itsmypartytour #july24 Feeling #happiness #gratitude #love," the caption to the video read. View this post on Instagram #MOOD... Bc tomorrow’s my birthday!!!!! #leoseason #itsmypartytour #july24 Feeling #happiness #gratitude #love ?????????????????? A post shared by Jennifer Lopez (@jlo) on Jul 23, 2019 at 4:06pm PDT She also posted a boomerang video on her Instagram stories which showed her sporting a sweatsuit with the words "It's my party" running across her backside.Fiancé Alex Rodriguez can be seen in the boomerang as well, and he offered her some birthday love over on his Instagram account with a photo featuring the couple cuddled in bed with their children from their prior relationships."#HappyBirthdayJLO It's your party, Jennifer!" the caption read. "Thank you for inviting all of us to share this special day with you."Lopez responded to the sweet posting, saying "I'm crying....I love our life...I love you so much... thank you my beautiful Macho..." 1501
(KGTV) - Has Nike really sold out of its new 'Jesus Shoes' that come filled with holy water?Yes.The soles of the Nike Air Max 97s are injected with holy water from the Jordan River. The shoes also feature a crucifix and the bible verse Matthew 14:25 which describes Jesus walking on water.Topping it all off is a blood drop on the tongue and frankincense-scented insoles.The shoes start at ,400 but some select sizes cost as much as ,000. But they have already sold out. 483