Future of US shopping malls in jeopardy amid ongoing pandemic
Now the once vaunted shopping malls you often found these chains inside of are getting hit hard as well. Drive to your local mallFairlane Town Center once owned by mall company Starwood just handed the keys over to the bank. “Without department stores malls are threatened. He says over the years department stores eroded because of specialty brands starting stores, then outlets, then the big box stores took over hardware and furniture. One of the things Bieri does warn about shopping malls is the fact they are going to need massive amounts of investment to keep strong.
Amazon to hire 100,000 to keep up with online shopping surge
NEW YORK – Amazon will hire another 100,000 people to keep up with a surge of online orders. The company said Monday that the new hires will help pack, ship or sort orders, working in part-time and full-time roles. This time around, Amazon said it needs the people at the 100 new warehouses, package sorting centers and other facilities it's opening this month. In addition to the holiday shopping rush, Amazon plans to hold its one of its busiest shopping days, Prime Day, in the fall this year after postponing it from July. Amazon will be monitoring whether it needs to hire more workers for the holidays, but doesn't have anything to announce yet, Boler Davis said.
Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt
Brooks Brothers will permanently close more than a quarter of its 200 stores. Brooks Brothers said Wednesday that it will continue operations as it restructures and is looking to reopen shops that are not being closed permanently. “The good thing about Brooks Brothers: It’s a very strong brand," he said. Brooks Brothers' two-button suits were a favorite of President John F. Kennedy. Clark Gable wore Brooks Brothers and Jennifer Aniston appeared on the cover of GQ magazine wearing nothing but a red, white and blue Brooks Brothers tie.
Michigan bottle return facilities to resume operations by June 15
LANSING, Mich. – On Monday, Treasury issued a Notice Regarding Phased Reestablishment of Michigan’s Bottle Deposit Return Program. UPDATE: Michigan stores can start accepting bottle, can returns immediatelyBy June 15, retailers must reopen their bottle return facilities and resume the collection of returnable beverage containers and refund of customer bottle deposits. Retailers reopening their bottle return facilities must ensure those facilities comply with all state-mandated safety protocols and restrictions, including the most recent state-mandated safeguards to protect workers. Establish special or limited hours of operation for bottle return facilities. Periodically close bottle deposit facilities as needed for cleaning and supply management.