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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

Barack and Michelle Obama penned a letter to the "inspiring" students of Parkland, Florida, in the wake of the tragic school shooting last month that?left 17 dead and launched a national conversation on gun violence.In the letter, dated March 10, the former President and first lady wrote that the students' leadership has "helped awaken the conscience of the nation."Many of the survivors of the Marjory Stoneman Douglas High School shooting and students around the country have channeled their grief?into fighting the gun lobby, making impassioned pleas on television, meeting with lawmakers and preparing for a nationwide protest dubbed "March for our Lives," which will take place in Washington this Saturday.A source familiar with the letter, previously reported by Mic, confirmed its authenticity."We wanted to let you know how inspired we have been by the resilience, resolve, and solidarity that you have all shown in the wake of unspeakable tragedy. Not only have you supported and comforted each other, but you've helped awaken the conscience of the nation, and challenged decision-makers to make the safety of our children the country's top priority," the handwritten note said.The letter continued, "We have no doubt you are going to make an enormous difference in the days and years to come, and we will be there for you."The Obama presidency saw many tragic mass shootings in the US, including the Pulse Nightclub shooting in Orlando, two shootings at Fort Hood, the Tucson shooting that injured then-Rep. Gabby Giffords, the Aurora movie theater shooting, the Washington Navy Yard shooting, a Sikh temple shooting in Wisconsin, the Charleston church shooting and the shooting at Sandy Hook Elementary School.One day after the Parkland attack, the former President called for "common-sense gun safety laws" in a tweet.The former President and first lady have previously expressed praise for the Parkland students.He tweeted later last month, "Young people have helped lead all our great movements. How inspiring to see it again in so many smart, fearless students standing up for their right to be safe; marching and organizing to remake the world as it should be. We've been waiting for you. And we've got your backs."And the former first lady wrote, "I'm in total awe of the extraordinary students in Florida. Like every movement for progress in our history, gun reform will take unyielding courage and endurance. But @barackobama and I believe in you, we're proud of you, and we're behind you every step of the way." 2581

Bill Gates is sorry that he made it so annoying to log in to your computer.The billionaire Microsoft co-founder admitted Wednesday that the Control-Alt-Delete function used to start up Windows computers is an awkward maneuver."If I could make one small edit, I'd make that a single key," Gates said Wednesday on a panel at the Bloomberg Global Business Forum in New York City.It's a confession Gates has made before. In 2013, he blamed IBM for the issue. 467

Broadcaster Al Michaels will not be calling Sunday's game against the Cleveland Browns and New York Giants and will be replaced by Mike Tirico due to "COVID-19 safety protocols."According to a press release, NBCUniversal said they pulled Michaels from working the game because he wasn't cleared to work "in accordance with NBCUniversal COVID-19 safety protocols."In the statement, Michaels said "feels great" and had "no symptoms." "I feel great, I have no symptoms, and my temperature this morning was 97.5. I look forward to returning to the booth as soon as possible," Michaels said.According to NBCUniversal, Cris Collinsworth and Michele Tafoya were cleared and will appear with Tirico on the broadcast.With Tirico moving to Sunday's game, Joe Davis will replace Tirico for the play-by-play for Saturday's game against the Carolina Panthers and Green Bay Packers, according to Sports Business Journal's John Ourand.Tirico, who typically hosts the pregame show "Sunday Night Football," will be replaced by Liam McHugh on "Football Night in America," according to the news release. 1092

Blockbuster founder Wayne Huizenga has died. He was the only entrepreneur to create three different Fortune 500 companies during his career -- Blockbuster video, Waste Management and AutoNation.At one time, Huizenga, 80, had owned three sports teams where he lived in South Florida -- the Florida Marlins, the Florida Panthers and the Miami Dolphins. He was worth .8 billion, according to Forbes."He had a magic ability to create a business that was unmatched," said AutoNation CEO Mike Jackson, who confirmed the death. "Ideas were exploding in his head. He was bound and determined to out entrepreneur every other entrepreneur."Huizenga was awarded expansion franchises to bring both the National Hockey League and Major League Baseball to Miami in 1993. The following year he purchased the Miami Dolphins. While he owned the three sports teams at the same time, he didn't run all three major companies simultaneously. Instead he would sell one company and move onto the next idea he had."He started out on the back of a garbage truck in Fort Lauderdale. Then he bought a truck, and eventually he created Waste Management," said Jackson. "Then he rented a video and decided he could do better and next thing you know he was opening up Blockbuster store a day. Then he sold that to Viacom and decided there had to be a better way to buy a car and he created AutoNation."Blockbuster closed all of its stores in four years ago as consumers shifted to streaming and on demand video, but his other two companies remain dominant players in their respective fields. Waste Management is the leading provider of refuse and recycling services in North America, and AutoNation is the largest US auto dealership chain.  1724

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