J.Crew has filed for bankruptcy 2020/05/04 09:40:58 Business Insider
J.Crew filed for Chapter 11 bankruptcy on Monday. The company said it has reached an agreement with its lenders to convert around $1.65 billion of its debt into equity. As of February, it had nearly $1.7 billion in debt . The brand has struggled in recent years and seen sales slide as it experienced an identity crisis, and raised prices when many shoppers were seeking more budget-conscious options. Visit Business Insider's homepage for more stories . J.Crew has filed for Chapter 11 bankruptcy. The clothing company announced early on Monday that it had reached an agreement with its lenders to convert around $1.65 billion of its debt into equity. The company has been struggling under a heavy debt load for some time. As of February, it had nearly $1.7 billion in debt . According to The Wall Street Journal, it had planned to leverage a 2020 IPO of its popular Madewell brand to lessen some of its debt. However, plans for the IPO were abandoned near the end of March as the company failed to reach a deal with lenders.
New Rochelle Costco calls cops to help control chaotic crowds 2020/05/03 03:29:02 New York Post
Cops were called to a Costco Wholesale warehouse in New Rochelle Saturday when a crowd of impatient shoppers got out of control. Hundreds of shoppers who lined up outside the Costco wanted the doors open so they could begin shopping at 8 a.m. — but it took workers an extra half hour to open. Furious…
Costco Employees Say Stores Have Loosened Coronavirus Crowd Restrictions To Boost Sales 2020/05/01 21:33:08 BuzzFeed News
"They are allowing up to 600 people in the store at a time. Employees have to dodge people like it's a minefield. It’s just a complete breakdown at every level.”
People are boycotting Costco for requiring shoppers to wear masks in stores — and it reveals the frightening misconceptions that still exist about the pandemic 2020/05/01 16:18:41 Business Insider
Starting May 4, Costco shoppers will be required to wear face coverings in stores. Following the announcement of the new policy, angry Costco shoppers took to social media to voice their frustrations, some calling for a boycott of the warehouse chain. Some view the policy as an annoyance, saying that masks are not proven to help prevent the spread of the virus. The CDC recommends that people wear face coverings in public settings in order to slow the spread of the coronavirus. "We know some members may find this inconvenient or objectionable, but under the circumstances we believe the added safety is worth any inconvenience," Costco CEO Craig Jelinek wrote in a public message on the company's website. Visit Business Insider's homepage for more stories . Costco will soon require its shoppers to wear masks while in stores. And some members of the warehouse chain are not pleased with the policy change. "Adios #Costco! Won't be renewing my membership!," a user posted on Twitter on Tuesday in response to the new policy. "I REFUSE to mask up for the low IQ mob that's falling for the propaganda, not to mention the health risks by restricting oxygen!" Adios #Costco !
Costco coronavirus update confirms stores will resume regular operating hours next week 2020/05/01 13:53:05 Fox News
Good news for superstore shoppers.
Health officials say they're testing the first possible Wuhan coronavirus case in New York City 2020/02/02 02:32:03 Business Insider
Health officials said Saturday that New York City may have its first possible coronavirus patient, and are waiting for test results from the Centers for Disease Control and Prevention If confirmed, the New York City patient would be the ninth coronavirus patient in the United States. The virus originated in Wuhan, China, and has since spread to at least 24 countries and every single province and territory in China. So far, 304 coronavirus patients have died in China, and nearly 14,400 cases have been confirmed around the world. Visit Business Insider's homepage for more stories . New York City officials announced Saturday they have been testing the city's first possible coronavirus patient. The patient is under 40 years old and is in stable condition at the Bellevue Hospital Center in Manhattan, the New York City Department of Health said. Officials said in a Twitter thread that the person had recently traveled from China and had symptoms such as a fever, cough, and shortness of breath.
Wuhan coronavirus confirmed in Boston, marking the first case in Massachusetts and the eigth case in the US 2020/02/01 19:24:26 Business Insider
A man in Boston tested positive for the coronavirus after returning from Wuhan, China, the Massachusetts Department of Public Health said on Friday. The case marks the first in Massachusetts and the eighth confirmed case in the United States. At least 259 people have died as a result of the virus, and around 12,000 have been infected, primarily in China. The virus has been reported in at least 22 countries around the world. Visit Business Insider's homepage for more stories . A man who recently traveled from China to Boston has been confirmed by the Centers for Disease Control (CDC) Friday to have the Wuhan coronavirus , marking the first case of the virus in Massachusetts and the eighth in the United States. According to a Saturday press release from the Massachusetts Department of Public Health (MDPH) , the man is in his 20s and resides in Boston. The MDPH said the Centers for Disease Control notified state and local agencies of the positive test result on Friday night. Per the MDPH, the Boston man had recently traveled to Wuhan, the city in China's Hubei province where the outbreak originated .
Costco casse les prix dans sa première station-service française 2020/02/01 08:55:21 Capital Fr
À Villebon-sur-Yvette, dans l'Essonne, l'enseigne a mis en place une station-service opérationnelle depuis le 29 janvier, équipée de 16 pompes.
6 of the best things to buy at Costco, from someone who used to hate it 2020/01/31 16:38:57 Business Insider
I used to avoid Costco at all costs, but my husband is frugal, so he's a devotee of the bulk retailer. It pains me to admit it, but he's turned me into a Costco connoisseur , too, and there are six things I won't buy anywhere else. Fresh flowers, men's dress shirts, and anti-aging products are among my Costco must-haves. You can use the Costco Anywhere Visa® Card by Citi to earn 2% back on eligible in-store and online purchases. I used to hate Costco , like avoid-it-at-all-costs hate it. But my husband tends to err on the side of cheap — I mean frugal — so it's one of his favorite places to shop. As a result, I have found myself perusing the bulk products at our local Costco on many a Saturday. As much as it pains me to admit it, I've now become a Costco connoisseur of sorts. I even have a few lesser-known items I purchase almost exclusively at Costco. Furniture Shopping for furniture can be a tough sell. Either you purchase something cheap that looks beat up in two years, or you spend a fortune on a high-end brand that isn't guaranteed to last either.
Watch Harry Styles and Lizzo surprise fans with a delightful performance of 'Juice' 2020/01/31 14:37:59 Business Insider
Lizzo surprised fans when she brought out Harry Styles for a performance of her hit song "Juice" during a concert for SiriusXM and Pandora's Opening Drive Super Concert Series in Miami Beach, Florida, on Thursday. The two singers adorably coordinated their moves on stage and were joined by backup dancers. Audience members went wild over the moment and one fan, who said they were in the front row for the duet, recorded it and shared the video on YouTube . Styles previously covered the song, which appears on Lizzo's 2019 album "Cuz I Love You," in December for BBC Radio 1's Live Lounge . Visit Insider's homepage for more stories . Join the conversation about this story » NOW WATCH: 9 items to avoid buying at Costco
5 top DTC VCs told us why health and wellness and beverages are the hottest categories and where they plan to place their bets in 2020 2020/01/19 22:01:43 Business Insider
DTC investors see huge opportunity in companies with a health and wellness bent, like 8Greens, Daily Harvest, Kin Euphorics, and Talea Beer. People are increasingly health-conscious and seeking beverages with benefits, said investors from Forerunner Ventures, Torch Capital, and others. The investors have also been encouraged by high-profile exits in these categories and a decline in alcohol consumption. Click here for more BI Prime stories. Despite WeWork's implosion and newly listed public companies including Uber and Lyft underperforming in 2019, venture capitalists will pump nearly $100 billion into startups in 2020. Some of it is going to direct-to-consumer startups in categories from alcohol to beauty to home security. DTC investors from Forerunner Ventures, Torch Capital, and others told Business Insider they especially see huge opportunity in companies with a health and wellness bent, like 8Greens, Daily Harvest, Kin Euphorics, and Talea Beer. We asked five investors why health and wellness are hot categories and which companies they're betting on.
The rise and fall of Bed Bath & Beyond, one of America's most iconic big box retailers 2020/01/18 15:10:00 Business Insider
Since its founding in 1971, Bed Bath & Beyond has been a go-to destination for home goods, appealing to shoppers with its convenient and affordable "superstore" model. In recent years, however, the retailer has shown significant signs of struggle , with several quarters of poor sales and dramatic executive shakeups . Here's a closer look at the rise and fall of Bed Bath & Beyond. Visit Business Insider's homepage for more stories. Once the golden child of big-box stores, Bed Bath & Beyond is now struggling to stay afloat. The retailer will shutter 44 stores across eight states in the next year as it attempts to course-correct in the wake of disappointing sales and executive turmoil . Bed Bath & Beyond was once a leading home goods retailer, appealing to shoppers across the nation with its strategy of abundance. The beloved store, which lined strip malls across the country, became known for its huge assortment of products spanning every color and style imaginable. Over the years, it became a go-to destination for just about anything and everything for the home and — true to its name — beyond.
An ISIS preacher captured in Iraq was apparently so overweight that police had to take him away in the back of a pickup truck 2020/01/17 14:36:48 Business Insider
A well-known ISIS preacher was captured by Iraqi police, but he was apparently so overweight he had to be taken away in the back of a truck. Shifa al-Nima was captured in the Mansour neighborhood of Mosul by the Nineveh police command, according to Iraqi police. Police said he incited extremist ideology and pledged allegiance to ISIS during their control of Mosul. Pictures posted to social media appear to show al-Nima being put in the back of a pickup truck by Iraqi forces. See Insider's homepage for more stories. A well-known ISIS preacher was captured by police forces in Iraq on Thursday, but he was so overweight he had to be carried away in the back of a truck. Police in Iraq posted a tweet on Thursday announcing that Shifa al-Nima was captured in the Mansour neighborhood in Mosul by the Nineveh police command. Recent photos that appear to show extremely overweight of al-Nima started to circulate on Twitter, including one that shows him slumped in the back of what appears to be a police pickup after his arrest Insider has not been able to independently verify that the pictures show al-Nima or the moment of his capture.
14 cult-favorite products from Costco that are worth every penny 2020/01/16 16:05:50 USA Today
Costco sells a huge variety of bulk items, but there are a few fan-favorite products that people seem to buy over and over again, from tasty snacks to tires for your car.
The romaine-linked E. coli outbreak is officially over, federal officials say 2020/01/16 14:37:03 Business Insider
A multi-state E.coli outbreak tied to romaine lettuce is over, federal officials said Thursday. The FDA and CDC in November warned people against consuming romaine grown in Salinas, California, as officials investigated outbreaks involving three separate strains of E. coli that sickened more than 167 people. Visit Business Insider's homepage for more stories . A romaine-linked E. coli outbreak that sickened more than 167 people is officially over, federal officials said Thursday. That means it's now safe to consume the lettuce, according to the Centers for Disease Control and the Food and Drug Administration. The agencies issued an advisory in November warning people against consuming romaine grown in Salinas, California, as officials investigated outbreaks involving three separate strains of E. coli. One of the outbreaks sickened more than 167 people in 27 states. About 85 people were hospitalized and more than a dozen people developed kidney failure. "The FDA is lifting the consumer advisory to avoid romaine lettuce from Salinas as the growing season for this region is over, and there is no longer a need for consumers to avoid it," the FDA said in a statement. "There is also no need to avoid other produce products from Salinas." Even though the outbreak is over, health officials are still investigating the source.