Macy’s said Wednesday it’s shutting down 68 stores and cutting more than 10,000 jobs.The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. The news caused its stock to plunge nearly 10% during after-hours trading Wednesday.
Macy’s has been a retail giant and an American institution for generations. A lot of retailers are facing similar decisions. Although there is not a a Macy’s where I live this still has a significant impact in how we buy goods and where does this model of store fit in a highly online world.
(From CBS News) Cindy Stowell was battling stage-four colon cancer when she had a six-game “Jeopardy” winning streak, earning over $100,000. She never told her friends of family, wanting them to watch for themselves when the episodes aired.
This is inspirational and heart breaking at the same time. She had a mission and fulfilled it. Her death is a very sad thing but what she did for Cancer research will help others for a long time.
Alan Thicke is an acting icon who specialized in playing dads in many of his roles including his role of Dr. Jason Seaver in the show “Growing Pains”. Thicke will remain in the hearts and minds of many he entertained in his long career.
This is a photo collage from a visit to Gatlinburg, Tennessee back in 2008. It’s a picturesque tourist destination in the Great Smoky Mountains. This past week the town was hit hard by fires that burned homes, attractions, lodges and other businesses. This is a good place to chill and it will come back.
AT&T and Time Warner have agreed to an $85 billion deal — one of the biggest media tie-ups ever.The move, announced Saturday evening, will help AT&T expand beyond wireless and Internet service into programming. Time Warner is the parent of CNN, TNT, HBO, the Warner Bros. studio, and other channels and websites. AT&T to buy Time Warner in media mega-deal – Oct. 22, 2016
This move caught me off guard. Granted I wasn’t looking for it though. AT&T and TimeWarner are two of America’s largest distribution and media companies. I am not sure this is good for competition or for diversity in opinions. We will have to see how this shakes out or even gets approval by the federal government. AT&T recently bought DirecTV and TimeWarner was bought by AOL years ago and spun AOL off to independent operation. Again, wow, this is huge!
Should I watch the 3rd United States Presidential Debate? Is it going to make a difference at this time for me or the nation at this point? I think watching it by Twitter or some other way might be good. My mind has been made up for a long time, so I guess I would be better served by watching something else. Maybe I am too chicken and I am afraid that my candidate is going to screw up. To be honest the political cycle this time around has been very caustic and very mean. Let’s see how I feel after watching Survivor: Gen X vs. Millennials on CBS TV.
The Tony Burgess Blog 