Retail bloodbath will continue with 10,000 closures this year: report

first_imgLast year was a bloodbath for on-the-ground retailers. The pandemic exacerbated competition from e-commerce, and job losses and restrictions on non-essential shopping threw salt on the wound.ADVERTISEMENTExamples were everywhere. One in every seven chain stores closed in New York City in 2020. Brookfield Property Partners, a major mall owner with 170 retail properties in 43 states, laid off 20 percent of its retail division in September. Store closures from Macy’s, Bed Bath & Beyond and Gap alone accounted for 4,200 store closings.Analysts predict that closures in 2021 could increase by 14 percent, but there are some segments of retail doing well. Discount stores like Dollar General will add 4,000 stores in 2021, the report estimated. Such stores typically fare well during a recession; 1,669 opened last year. Grocery stores are also expected to fare well.[BI] — Georgia Kromrei This content is for subscribers only.Subscribe Now 8,741 retail stores closed in 2020. (Photo Illustration by The Real Deal, Photos via Getty)Don’t expect brick-and-mortar retail to escape from the discount rack this year, a new report warns.An analysis released this week predicted that as many as 10,000 retail stores could close nationwide in 2021, Business Insider reported. The study, by Coresight Research, found that 8,741 retail stores shut their doors last year, led by 3,151 apparel store closures.Read moreNew York’s Covid-fueld retail apocalypse hits condo and co-op ownersRetail foot traffic tanks on Black Fridaylast_img read more

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AU Commission chairperson lauds UN Security Council’s lifting of Sanctions Against…

first_imgUN Security Council sanctions diamond firm Eritrea hopes for lifting of UN Security Council sanctions The Chairperson of the African Union Commission Moussa Faki Mahamat has welcomed the adoption by the United Nations Security Council of a resolution lifting the sanctions imposed on Eritrea since December 2009.The UN Security Council on Wednesday unanimously adopted the UN-drafted resolution lifting the arms embargo, all travel bans, asset freezes and targeted sanctions against Eritrea.“Yesterday’s (Wednesday’s) decision is a further step towards the consolidation of the recent positive developments in the Horn of Africa, marked by an improvement of bilateral relations between the countries of the region, as well as by a renewed determination to promote good neighborliness and foster regional cooperation,” a statement attributed to Mahamat read in part.Mahamat in the statement also lauded the developments, saying they were in line with the AU’s agenda to end wars around the continent by 2020.The Security Council imposed the sanctions on Eritrea in 2009 for its alleged support of Al-Shabaab insurgents in Somalia, a claim Asmara has long denied.The resolution acknowledged that UN monitors have “not found conclusive evidence that Eritrea supports Al-Shabaab” and declared that the sanctions and arms embargo ended with the adoption of the measure.Following the lifting of the sanctions against Eritrea, the UN Security Council went on to urge Eritrea and Djibouti to continue efforts to settle a 2008 border dispute, and also called on Asmara to release information concerning Djiboutian soldiers that went missing in clashes a decade ago.Relatedcenter_img UN Security Council considers lifting sanctions on Eritrealast_img read more

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Neymar, Ronaldo, Messi on FIFA best player shortlist

first_imgNeymar was named alongside Cristiano Ronaldo and Lionel Messi on the three-man shortlist for the Best FIFA Men’s Player Award, which was announced in London on Friday.Brazil superstar Neymar, 25, won the Copa del Rey with Barcelona last season before joining Paris Saint-Germain in a blockbuster 222 million euros ($266 million) move that smashed the world transfer record.Ronaldo, 32, is the overwhelming favourite to win the award, having led Real Madrid to the La Liga title and a third Champions League success in four years last season.He won last year’s award after winning the Champions League with Madrid and the European Championship with Portugal.Ronaldo previously won the FIFA World Player of the Year award in 2008 and is a four-time winner of the Ballon d’Or.Messi, 30, scored 54 goals last season as Barcelona won the Copa del Rey and Spanish Super Cup.The Argentina great, a record five-time winner of the Ballon d’Or, has made a superb start to the current campaign, scoring 12 goals in his first eight appearances in all competitions.Ronaldo won the inaugural Best FIFA Men’s Player Award last year after a six-year merger between the FIFA honour and the Ballon d’Or.The winner of the 2017 award will be announced during a ceremony at the London Palladium on October 23.The voting for the award, equally weighted between national team captains, national team coaches, media and fans, closed earlier this month.last_img read more

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LeBron James to the Rockets – a Real Possibility Next Season?

first_img Matt Loede Matt Loede has been a part of the Cleveland Sports Media for over 21 years, with experience covering Major League Baseball, National Basketball Association, the National Football League and even high school and college events. He has been a part of the Cleveland Indians coverage since the opening of Jacobs/Progressive Field in 1994, and spent two and a half years covering the team for 92.3 The Fan, and covers them daily for Associated Press Radio. You can follow Matt on Twitter HERE. Add the Houston Rockets to the latest name that is connected to Cavs superstar LeBron James, a possible suitor when the season ends and James is a free agent.The rumor is that the Rockets, who still play second fiddle to the Warriors in the West, might put together a package that price wise would allow them to sign LeBron.USA Today’s Sam Amick spoke about James going to the Rockets on Monday.While James has made it clear that he won’t deliberate his uncertain future until the Cavs’ season is complete, there is strong belief in Rockets circles that they’ll have a legitimate shot at landing the four-time MVP this summer. Rival executives also believe the Rockets will have a real chance.The Lakers and 76ers are two other teams that have been linked to LeBron, but at the same time, the Cavs star has stayed silent about his future, and a lot can happen between now and June. https://m.youtube.com/watch?v=FvpNew3jvGwcenter_img Related TopicsLebron JamesRocketslast_img read more

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Redknapp backs Barton for managerial role

first_imgFormer QPR boss Harry Redknapp has told Talksport he believes Joey Barton could be a success as a manager when the midfielder’s playing career finishes.Rangers captain Barton, 32, is keen to go to coaching and management when he hangs up his boots.And Redknapp said: “When you sit down and talk to him, he is knowledgeable. He is a student of the game.AdChoices广告“I can’t wait for him to get the opportunity manage. He could be very good. He has good ideas, he is enthusiastic, and he knows the game.“Obviously there is another side to him as well, but hopefully when he gets the opportunity he will do a good job for somebody.”Barton insisted on Twitter on Monday that reports he had blamed Redknapp for relegation-threatened QPR’s plight were misleading. See also:Barton denies blaming former boss Redknapp for QPR’s woes Follow West London Sport on TwitterFind us on Facebooklast_img read more

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Hanwha Techwin America Expands to New Facility

first_imgTo accommodate its recent growth and better serve its customers, Hanwha Techwin America is expanding its operations to a new state-of-the-art facility in Teaneck, NJ.“As a result of the rapid growth and tremendous support Hanwha has experienced over the last few years, we have outgrown our current location, which is a very good problem to have,” said Soonhong Ahn, president, Hanwha Techwin America. “We have designed this new facility to provide the space, capabilities and cutting-edge technologies necessary to meet the needs of and provide the best possible experience for our valued customers, installers and technology partners.”The new location features a large space for hosting corporate meetings and a dedicated lab area. In addition, Hanwha is installing cameras on the roof overlooking the nearby highways to enable customers and installers who visit the facility to view and evaluate their performance in real-world situations. They will also be used for training sessions Hanwha plans to host in the future.- Sponsor – Hanwha’s new U.S. headquarters is located on the fourth floor of the Glen Pointe Marriot in Teaneck, NJ. The company plans to begin operations in the new location on January 16. Stay UpdatedGet critical information for loss prevention professionals, security and retail management delivered right to your inbox.  Sign up nowlast_img read more

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Leicester must not lose at ‘fantastic’ Sevilla, says Ron-Robert Zieler

first_imgLeicester City goalkeeper Ron-Robert Zieler has warned his team that they must avoid defeat in Sevilla in the first leg of their last 16 tie on Wednesday to have any hope of avoiding a premature exit from the Champions League.Leicester finished top of their European group and conceded just one goal in their first five games, but are struggling in the Premier League, where they sit a point and a place above the relegation zone.Sevilla on the other hand are third in La Liga, behind Real Madrid and Barcelona, and also boast a better European pedigree than Leicester, having won the Europa League for the past three years in a row.”It’s a big game,” Zieler told Leicester’s website (www.lcfc.com).”We did really well in the group stages. It’s a very tough game ahead of us. We’re one of only 16 teams left in Europe and Sevilla have done fantastic over the last couple of years.”The first leg is very important. Let’s put it this way — you shouldn’t lose. If we can get a draw, even a win, it would be fantastic for the second leg.”In addition to their Premier League woes, Leicester were knocked out of the FA Cup by third-tier Millwall on Saturday, and Zieler said he hoped playing in the Champions League would help his teammates get their minds off their domestic struggles.”It feels a long time ago since the last Champions League game because we’ve had the FA Cup and a lot of Premier League games,” added the 28-year-old, who was signed from Germany’s Hannover 96 in July last year.advertisement”Maybe also for our minds at this stage of the season, it’s a bit of a change, playing in the Champions League.”If we get a good result, hopefully we can take that into the Premier League. We all know that we need to do better in the Premier League, so maybe at this time of the season, it’s a good change to play in the Champions League.”last_img read more

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Doesnt need capital from govt SBI

first_imgMumbai: The State Bank Tuesday said it is well-capitalised and that it may not require any fresh funds from the government this financial year. On Friday, finance minister Nirmala Sitharaman had announced an immediate infusion of Rs 70,000 crore into state-run banks to boost liquidity and their lending capacity by Rs 5 trillion. The government had planned a staggered infusion earlier, but the rising tide of bad news on the economy forced its hand to open the purse-strings earlier. Also Read – Thermal coal import may surpass 200 MT this fiscal”For SBI, we are not looking at any recapitalisation right now as we are well-capitalised as we have been able to raise from markets. We have also announced our programme for both tier I and tier II bonds,” managing director Arijit Basu told reporters on the sidelines of an event organised by the industry lobby Indian Chamber of Commerce. He said the upfront capital infusion will be for those banks which are not in shape to access the market immediately. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostBasu said SBI is also looking selling its investment in non-core assets to raise capital. Earlier this month, chairman Rajnish Kumar had said the bank would move ahead with the IPO for SBI Card in Q4, and would delay a share sale in the general insurance arm to next fiscal year. “We have already announced that SBI Cards IPO. We are also looking at some of the other subsidiaries. It is working according to the plan. That is one of the measures by which capital will be coming in,” Basu said. Commenting on the recent announcements by the government to boost the sagging growth, Basu said it shows that the government is serious and it wants to understand what are the views of the industry and is also ready to positively respond to them.last_img read more

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Feds put out call for third shipyard to join national shipbuilding strategy

first_imgOTTAWA — The federal government has officially launched a search for a third shipyard to join a massive naval procurement process.Fisheries Minister Jonathan Wilkinson says the new shipyard will join Irving Shipbuilding and Seaspan Shipyards and be responsible for building six new icebreakers for the Canadian Coast Guard. The government’s announcement did not include a timeline beyond a 15-day deadline for interested companies file paperwork to be considered.Speaking in Iqaluit on Friday, Wilkinson said the third shipyard will be selected through a competitive process.The launch of the formal procurement process is the latest development in the national shipbuilding strategy, a long-term procurement program that includes the construction of new warships and coast guard vessels with a price tag in the tens of billions.When Prime Minister Justin Trudeau announced in May that the government would add a third shipyard, it sparked speculation the contract would eventually go to Quebec-based Chantier Davie and chatter of Liberals trying to shore up electoral support in the province.Then last month, the government announced that $1.5 billion in contracts to maintain Canada’s current warships would be split between Irving, Seaspan and Davie.At the time, Davie expressed confidence it would become the third shipyard to join the shipbuilding strategy, though they wanted the Liberals to make a decision before the federal election in October.The Canadian Presslast_img read more

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