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Showing posts from September, 2019

Forever 21 announce the closure of up to 178 stores.

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Forever 21 has about $500 million worth of debt, according to market research firm Mintel. The retailer plans to slash costs by closing many of its stores in North America and retreating from markets in Asia and Europe. It will continue to operate in Mexico and Latin America. The company, which filed for Chapter 11 protection, said it plans to restructure and eventually emerge from court supervision. "In order to get the business back on track, lenders would have to be willing to pump more money into it and this could be a hard sell," Chana Baram, retail analyst at Mintel, said in a statement. "Only time will tell what will happen, but these are certainly troubling times for the fast-fashion retailer." Forever 21's move on Sunday to declare bankruptcy and announce the closure of up to 178 stores. Here are three reasons the once-thriving retailer ended up in the bargain bin.

Attorney General William P. Barr will gather information for a Justice Department inquiry that Mr. Trump hopes 

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Attorney General William P. Barr gather information for a Justice Department inquiry that Mr. Trump hopes will discredit the Mueller investigation, according to two American officials with knowledge of the call. The White House restricted access to the call’s transcript to a small group of the president’s aides, one of the officials said, an unusual decision that is similar to the handling of a July call with the Ukrainian president that is at the heart of House Democrats’ impeachment inquiry into Mr. Trump. Like that call, the discussion with Prime Minister Scott Morrison of Australia shows the extent to which Mr. Trump sees the attorney general as a critical partner in his goal to show that the Mueller investigation had corrupt and partisan origins, and the extent that Mr. Trump sees the Justice Department inquiry as a potential way to gain leverage over America’s closest allies. And like the call with the Ukrainian president, Volodymyr Zelensky, the discussion with Mr. Morris

Actress Stacy Dash being Arrested by Pasco Sheriff deputies.

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Actress Stacey Dash was arrested Sunday evening on a domestic-violence charge in Pasco County, Florida, after police responded to a domestic dispute call. According to TMZ, Dash allegedly pushed and slapped her husband of one year, Jeffrey Marty, and officers noted scratches on Marty’s left arm. The 52-year-old, best known for playing Dionne in the 90s classic Clueless, married Marty, a lawyer, just 10 days after meeting him. The two have in common conservative politics and a love of President Trump. Marty is the actress’ fourth husband. Dash was taken into police custody and is being held on $500 bail, TMZ reports. Her team did not respond to TMZ’s request for comment.