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Best Buy informed its employees on Wednesday of plans to close all 250 of its mobile standalone stores in the United States by the end of May, a company spokesperson confirmed. The stores are predominately located within malls and are much smaller than Best Buy's big box stores. The mobile standalone shops are mostly used for the sale of cellphones and accessories. These locations do not sell some of Best Buy's bigger ticket items such as televisions, computers and appliances. The standalone stores are only responsible for 1 percent of Best Buy's overall revenue.Although thousands of employees will be affected by Wednesday's announcement, the company said the goal is to transfer employees currently working in standalone stores into Best Buy's big box locations. Best Buy said that 85 percent of its standalone stores are within 3 miles of a big box store. "Employees will have three months to work with internal recruiters, and field and store leaders across the country are rallying to help transition employees to big box stores and open in-home advisor roles," Best Buy CEO Hubert Joly wrote in a letter to employees, and shared with Scripps. "For those who leave the company after May 31, we will give them severance and assist them in finding roles outside Best Buy."Despite Best Buy closing its mall locations, the big box stores will continue selling cellphones and accessories. "We feel good about the opportunity to retain customers and transition them to another one of our sales channels. In summary, we are very excited by our Mobile business and its prospects for growth," Joly wrote. 1666
Beverage maker Coca-Cola has slowly been announcing the cancelation of brands over the last few months, this week they officially announced they are cutting the number of brands they offer in half: saying goodbye to 200 brands.Earlier this month, the company announced plans to discontinue Odwalla juices, Zico coconut water, TaB diet soda, Coca-Cola Life, Diet Coke Feisty Cherry, as well as regional brands like Northern Neck Ginger Ale and Delaware Punch.In a statement, the company said reducing their brands by 50 percent will help them focus on its most profitable offerings and new offerings like Topo Chico hard seltzer and AHA flavored sparkling water.In a comment to investors, CEO James Quincey said they had finalized the list of which brands will remain, but he would not give specifics. He did say the "hydration" category, which includes drinks like Dasani water, Powerade, Vitamin Water and Zico, will see more cuts, according to CNN. Zico was already announced as being on the chopping block. "Throughout this year's crisis, our system has remained focused on its beverages for life strategy. We are accelerating our transformation that was already underway, shaping our company to recover faster than the broader economic recovery," said James Quincey, chairman and CEO of The Coca-Cola Company.In addition to cutting brands, the company announced they are changing their company structure that will result in both voluntary and involuntary reductions in staff.Coca-Cola reported a 9 percent decline in net revenues in the third quarter of 2020. 1571
BRUSSELS (AP) — Britain and the European Union have struck a provisional free-trade agreement that should avert New Year’s chaos for cross-border commerce and bring a measure of certainty to businesses after years of Brexit turmoil. The breakthrough on Thursday came after months of tense and often testy negotiations that whittled differences down to three key issues: fair-competition rules, mechanisms for resolving future disputes and fishing rights. In a statement from Downing Street, the Prime Minister's residence, said, "We have got Brexit done and we can now take full advantage of the fantastic opportunities available to us."Now comes the race to approve and ratify the deal before the U.K. leaves the EU’s economic structures on Jan. 1. The British and European parliaments both must hold votes on the agreement. And key aspects of the future relationship between the 27-nation bloc and its former member remain unresolved. 944
BREAKING NEWS: The@MiamiDolphins players will stay inside for both national anthems. They express their discontentment with what they call “fluff and empty gestures” by the @NFL pic.twitter.com/ghUktHhPt9— Jay Williams (@RealJayWilliams) September 10, 2020 264
BELLEAIR, Fla. (AP/KGTV) — Haley Moore is a 22-year-old LPGA Tour rookie. The San Pasqual High School graduate made the winning putt in a playoff to clinch the 2018 NCAA championship for Arizona and qualified for the inaugural Augusta National Women’s Amateur last year. She also has struggled with weight issues and self-esteem for much of her life. Bullies would call her fat, take her belongings, damage her personal property. Moore doesn’t hide from those moments or the pain they caused — or still cause. Instead, she talks about her story openly, sharing what she went through and how it didn’t stop her from achieving the goal of playing on the LPGA Tour."I think it was more of a motivation when I was bullied, at first it was very hard," Moore told ABC 10News in 2019. "I didn't want to play this game anymore. I was depressed."With support from her family — and golf family — Moore told ABC 10News she focused on her dream and past any negativity."Don't let them control your life, with me, just putting it aside and focusing on what my main goal was to get on the pro tour, really, helped me, motivated me from it," Moore said.That focus rewarded with the title of "pro golfer" now in front of her name."If you want to be a professional golfer, it takes a lot of hard work, and you just have to be patient out there, you're not always going to have the best days," Moore said. 1395