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The parent company for Gap and Banana Republic announced Friday that they would close more than 225 stores globally to "further advance its long-term strategic priority of a smaller healthier fleet."The closures are expected to occur this year with more stores closing in 2021, Gap Inc. said in its earnings report.According to the New York Post, many of the stores closing are located in malls.Also stated in its earnings report, the company closed 25 Old Navy's, 87 Gap's, 50 Banana Republic's, two Athleta's, one Intermix, and eight Janie and Jack stores in the quarter ending Aug. 1.Aug. 1 had 3,814 stores worldwide, which is 100 fewer stores that they had on Feb. 1, which was 3,919.Due to them temporarily closing their stores due to COVID-19, the company stated that they began the quarter with an 18% decline in net sales. 839

The NCAA has announced Wednesday a series of major changes to college basketball in the hopes of eliminating corruption in the sport.The NCAA will now allow undergraduate students to participate in the NBA draft and return to school if they are not selected. Previously, players were allowed to attend the NBA combine but needed to withdraw 10 days prior to the draft in order to retain eligibility."Elite" high school prospects will now be permitted to be represented by an agent certified by the NCAA. According to CBS, USA Basketball will be tasked with choosing which prospects are considered "elite."The NCAA also announced major changes to the recruiting calendar, which the association hopes will allow recruits to attend more showcase events put on by high schools. Currently, apparel companies put on some of the most prestigious recruiting events.Finally, the NCAA will hold university presidents and chancellors personally accountable for their own athletics programs. The league declined to specify how the presidents and chancellors would be punished for the actions of their athletic departments.  1134

The Los Angeles County District Attorney is forming a task force to evaluate sexual assault cases in Hollywood."In response to the widespread allegations of sexual abuse in the entertainment industry, I have established a task force of specially trained deputy district attorneys who are ready to evaluate these cases if any are referred to my office for criminal prosecution," Los Angeles County District Attorney Jackie Lacey said in a statement. "I have assigned the group of veteran sex crimes prosecutors to work together to ensure a uniformed approach to the legal review and possible prosecution of any case that meets both the legal and factual standards for criminal prosecution."Lacey added that to date, her office has not received any cases from law enforcement for possible criminal filing. 811

The National Rifle Association insisted it did not use foreign funds for election-related purposes, even as the group acknowledged it accepts money from foreign donors, new letters from the group show.The NRA has faced a swirl of questions about whether foreign money could have been funneled through the group and used to boost the Trump campaign. The scrutiny has largely focused on the role of Alexander Torshin, a prominent Russian banker who is close to Putin and has spent years cultivating a relationship with the upper ranks of the NRA.The NRA went all in for Trump in 2016, spending more than million to back his candidacy. That's more than the NRA spent on all of its races combined -- presidential, House and Senate -- in the 2008 and 2012 election cycles, according to the Center for Responsive Politics.There were a number of reports about efforts on Torshin's behalf to connect with Trump's team in 2016, in some instances via the NRA. McClatchy also reported in January that the FBI was investigating whether Torshin used the NRA to illegally provide funds to boost Trump.The NRA has denied any contact from the FBI, but Oregon Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, has been pressing the gun rights group for additional information about its finances."Can you categorically state that your organizations have never, wittingly or unwittingly, received any contributions from individuals or entities acting as conduits for foreign entities or interests?" Wyden asked in a letter in early March.The NRA's secretary and general counsel John Frazer insisted in a mid-March response that the NRA takes pains to ensure money from foreign nationals isn't injected into political spending."While we do receive some contributions from foreign individuals and entities, those contributions are made directly to the NRA for lawful purposes," Frazer wrote. "Our review of our records has found no foreign donations in connection with a United States election, either directly or through a conduit."While it's not illegal for the NRA to accept contributions from foreign donors, the group would run afoul of the law if that money were used for electioneering purposes. The NRA's political action committee, the NRA Political Victory Fund, is required to report its spending to the Federal Election Commission, but the group houses a number of other accounts that aren't bound by such transparency.While their political arm supports candidates and lobbying efforts, the NRA also spends money on other programming, such as security assessments for schools and firearms training for NRA members.In the letter to Wyden, the NRA notes that it's legal for the organization to move money between those accounts in many instances. That makes it all the more difficult to track whether foreign funds could have ultimately been used for a political purpose.In the letter, the NRA's general counsel said from 2015 to 2016 the NRA did not receive any significant contributions from a foreign address or drawn from a foreign financial institution.The NRA did, however, receive donations from US subsidiaries of foreign entities and from US companies with foreign nationals at the helm. "However, none of those entities or individuals is connected with Russia, and none of their contributions were made in connection with US elections," Frazer wrote.The NRA's latest reply, part of an ongoing back-and-forth with Wyden, invited another round of questions from the Senator.Wyden is pressing for additional information about how the NRA spent foreign contributions and whether that money could have been aimed at influencing American audiences. He also requested information on whether any foreign individuals, including Russians, were members of the NRA's elite donor programs. 3833

The House Intelligence Committee voted along party lines Thursday to release the Republican report on Russian meddling, after it goes through the declassification process.The top Democrat on the committee, Rep. Adam Schiff of California, said his party members on the committee sought to hold the hearing in open session, issue a number of subpoenas and hold former White House adviser Steve Bannon in contempt. He said Republicans rejected all of it. Democratic Rep. Mike Quigley of Illinois that reiterated Schiff and said Democrats made more than a dozen motions.Schiff effectively declared the bipartisan investigation over but said the Democratic probe would continue.Rep. Eric Swalwell of California called the report an incomplete assessment.In a sign of how tense the meeting was, Quigley said he clucked like a chicken at one point to underscore how he thought Republicans "lacked courage" and "ducked one of the most important times in American history."  978