Tag: close

Counterculture clothing store ‘The Alley’ to close its Lakeview storefront to expand online business

CHICAGO (WBBM NEWSRADIO) — The counterculture clothing store “The Alley,” in Chicago’s Lakeview neighborhood, is moving and shifting focus to a largely on-line business model.



a sign above a store: The counterculture clothing store “The Alley,” in Chicago’s Lakeview neighborhood, is moving and shifting focus to a largely on-line business model.


© Provided by WEEI
The counterculture clothing store “The Alley,” in Chicago’s Lakeview neighborhood, is moving and shifting focus to a largely on-line business model.

“It’s the boss, guess what? We are moving.”

The boss, the owner of The Alley, Mark Thomas made the announcement in a video posted on social media.

“We’ve done pretty good over here. We’ve actually done well after COVID, but the future is the internet,” Thomas said. “We need to grow. We need to grow into this. We need to change our business model.”

The new location, on the 2600 block of West Fletcher, is expected to be open early next month.

“The building over on Fletcher has got 120 of our music and art tenants. It’s where we do

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Another gym to close in central Pa.

Another gym in the midstate will close its doors.



a close up of a map: Dauphin County


© PennLive file./pennlive.com/TNS
Dauphin County

Power Train Gym has announced it will close its doors at 30 E. Granada Ave. in Derry Township on Oct. 16.

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The gym posted a letter to its members from Jarryd Moyer, senior VP of operations of Power Train Gym on its Facebook page informing them of the impending closing.

“We sincerely apologize for this unexpected notice, and any inconvenience this may cause,” Moyer said. “We are committed to fulfilling memberships and encourage you to make the most of the last few weeks here at Power Train Gym. Let’s go out on a strong note!”

The gym was forced to close in March when Gov. Tom Wolf ordered all non-essential businesses to close. And gyms were one of the last businesses to open under Wolf’s three phase state reopening plan. The gym said it

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Kickboxing studio owner sues Murphy for forcing her to close business during pandemic

The owner of a Franklin Borough kickboxing studio has sued Gov. Phil Murphy, claiming the governor’s shutdown orders at the beginning of the coronavirus pandemic requires businesses to be financially compensated while forced to be closed.

CKO Kickboxing owner Darlene Pallay says Murphy violated a portion of the state’s Disaster Control Act when the governor signed Executive Order 104 on March 19.

“(Murphy) did not follow the law, because he did not order that the affected property owners be compensated, forcing private owners to pay for a public benefit,” one of Pallay’s attorneys Robert W. Ferguson said. “In essence, the governor’s edicts, as he has ruled for the last six months, have been paid for by New Jersey’s small businesses.”

A spokesman for Murphy didn’t immediately return a message from NJ Advance Media seeking comment.

The suit claims that the Disaster Control Act requires Murphy to establish an emergency compensation

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Mastercard Pledges $500 Million To Help Close The Racial Wealth Gap

With the Black Lives Matter protests sparking new dialogue about race relations within the United States, more corporations have been forming new initiatives to end long-standing racial discrimination across different sectors. This week, Mastercard has unveiled its new commitment toward the racial wealth gap within the Black community with a $500 million investment over the next five years.

The new fund will go to funding products, services, financial support, and technology to help Black entrepreneurs and residents across the country access affordable resources to help secure capital for different ventures. “We’ve been focused on driving financial inclusion around the world for more than a decade – it’s core to who we are as a company and how we think about our role in society,” said Mike Froman, vice chairman & president, Strategic Growth for Mastercard, in an email interview with BLACK ENTERPRISE.

“However, the racial injustice that has

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Lord & Taylor To Close Permanently After Nearly 200 Years in Business

The MarketWatch News Department was not involved in the creation of this content.

Sep 21, 2020 (Equities.com via Comtex) —

By Joseph Pisani

NEW YORK (AP) — Lord & Taylor, one of the country’s oldest department store chains, is going out of business after filing for bankruptcy earlier this month.

The retailer was sold just a year ago for $100 million to Le Tote, a San Francisco online clothing rental company, by Canadian parent Hudson’s Bay Co.

Lord & Taylor will permanently close its remaining 38 stores and shut down its website, the company said Thursday. It is currently holding going out of business sales in stores and online.

Founded as a dry goods store in 1826, Lord & Taylor has struggled for years as more people shop online and in other stores. But the pandemic has changed the way people shop, accelerated the shift to online shopping, mostly to

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Condon Hardware, a family-owned hardware store in Medway, is going to close after 55 years in business – News – Wicked Local

Condon Hardware at 114 Main St. first opened in town back in 1965 at another location on Main Street located in the same plaza it operates today, said Owner Dennis Condon, who is planning to retire at the end of this year.

MEDWAY — After 55 years as the town’s go-to store for local home improvement needs, Condon Hardware in Medway will close at the end of this year.

The popular hardware and supply store at 114 Main St. first opened in town back in 1965 at another location in the same Main Street plaza where it operates today, said owner Dennis Condon, who is planning to retire at the end of this year.

After experiencing some medical issues this spring – around the time the business’ lease was set to be renewed — Condon, 75, said he reconsidered running the store. And due to the coronavirus pandemic, he opted

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Dow slides over 800 points, while S&P 500 veers close to correction territory

U.S. stocks fell sharply on Monday amid concerns about the COVID-19 trajectory in Europe, as news reports allege major global banks continued doing business with customers suspected of wrongdoing, and a lack of progress toward another round of fiscal stimulus out of Washington.

What are major benchmarks doing?

The Dow Jones Industrial Average
US:DJIA
fell 822.57 points, or 3%, to 26,827. The Nasdaq Composite
US:COMP
shed 174 points, or 1.6%, to 10,620. The S&P 500
US:SPX
slipped 73 points, or 2.2%, to 3,245. If the broad-market index finishes below 3,222.76, it would enter correction territory, defined as a 10% drop from its recent peak.

Major U.S. benchmarks have suffered three consecutive weekly losses. The Dow fell 244.56 points Friday, or 0.9%, to end at 27,657.42, dragging the blue-chip gauge to a 0.03% weekly decline. The S&P 500 and the tech-heavy Nasdaq Composite both booked weekly losses of 0.6%.

The small-cap

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Mastercard invests $500 million to help close the racial wealth gap

  • Mastercard announced Thursday that it will commit $500 million to help close the racial wealth gap in the US.
  • Marla Blow, senior vice president of social impact for Mastercard, said Black Americans have been left behind in the financial system.
  • The median white family had more than 10 times the wealth of the median Black family in 2016, the Fed’s 2017 “Survey of Consumer Finances” found.
  • The company will work with several cities across the country including Atlanta, Birmingham, Dayton, Los Angeles, New Orleans, New York, and St. Louis to expand digital financial products.
  • They will also donate money to people facing evictions, as well as small businesses facing bankruptcy due to the pandemic.
  • Visit Business Insider’s homepage for more stories.

Mastercard is committing $500 million to help close the racial wealth gap and promote financial inclusion among Black people. 

The investment will be dispersed over the next five years

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Many Small-Business Employees May Be Close to Losing Health Insurance

A health insurance crisis may be looming for employees of small businesses, with many firms struggling to cover their share of these costs, new research from Harvard Business School finds.

Nearly one-third of employers surveyed weren’t sure they could pay premiums beyond August 15, 2020, write HBS faculty members Leemore S. Dafny, Zoë B. Cullen, Christopher T. Stanton, and doctoral student Yin Wei Soon. Their paper was published recently in the New England Journal of Medicine’s Catalyst.

“Absent additional relief—and soon—providers and policymakers should expect much greater disruption in insurance coverage going forward,” the authors write.

Small businesses, which account for more than 40 percent of economic activity in the United States, prioritized employee health insurance premiums as the COVID-19 pandemic hit, sometimes even over paying rent, Dafny and colleagues found.

“Absent additional relief—and soon—providers and policymakers should expect much greater disruption in insurance coverage going forward.”

Some 60 percent

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Mastercard pledges $500M to help close racial wealth gap (NYSE:MA)

Mastercard (NYSE:MA) pledges to invest $500M in Black communities over the next five years.

The commitment includes products, services, technology, and financial support, as well as concentrated investments that will provide Black-owned businesses and Black people access to affordable financial tools and capital.

In collaboration with city leaders, Mastercard is initiating efforts in seven cities, including Atlanta, Birmingham, Dayton, Los Angeles, New Orleans, New York City, and St. Louis. Mastercard will use its range of assets, including partnerships, technology, and data insights, to ensure quick and effective distribution of essential financial support and access to city programs.

Another arm of the initiative works to broaden access of affordable financial tools and services to Black families, with a collection of digital services being offered through African American-owned fintech MoCaFi.

The company will also work to provide capital and resources for Black-owned businesses by expanding its relationships with Community Development Financial Institutions.

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