New Jersey State

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Phil Norman

It’s a sad day for retail lovers, especially those who’ve grown up shopping at Bob's Stores. The regional chain, a fixture in the Northeast for nearly seven decades, is shutting down all its locations. This news follows a June 18 Chapter 11 bankruptcy filing—a move that marks the end of an era for a brand deeply rooted in communities across New England, New York, and New Jersey.

Retailer Closes All Stores After Chapter 11 Bankruptcy

Macy’s Inc. (New York) said its board has terminated talks with Arkhouse Management Co. LP and Brigade Capital Management LP over the latter firms’ takeover offer. The board said those negotiations, which included a beefed-up offer last month that brought the total offer to about $6.9 billion, “have failed to lead to an actionable proposal with certainty of financing at a compelling value.”

Macy’s Ends Takeover Talks

CBS News

Macy's is ending discussions with Arkhouse Management and Brigade Capital Management, saying a revised offer to take the department store private remained a dicey proposition. "We have concluded that Arkhouse and Brigade's proposal lacks certainty of financing and does not deliver compelling value," Macy's lead independent director Paul Varga said in a statement. Arkhouse and Brigade did not immediately respond to requests for comment. The two investment firms in December offered to buy Macy's for $5.8 billion before eventually raising its bid to $6.9 billion. Shares of Macy's were down more than 14% in early trading. The retailer will now focus on turning things...

Macy's rejects $6.9 billion takeover offer from two investment firms

Sourcing Journal


				












	
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	Keith Credendino, currently senior vice president of technology product development, customer experience at Macy’s Inc., has been appointed the company’s next chief information officer (CIO). Credendino, who has been with the company since 2022, will succeed Laura Miller in the role following her retirement on Aug. 3.Macy's Bets on People-First Relationships for AI-Centered Personalization Strategy




	Since Miller joined Macy’s in 2021, she has worked to modernize the company’s technology systems and operations as well as improving the retail group’s omnichannel experience. When Credendino assumes his new role as CIO on Aug. 4, he will report to Adrian Mitchell, chief operating officer...

Shuffle Board: Macy’s and REI Name Tech Execs, Saks COO Exits Amid Neiman Deal

Rhode Island State

Business Times

Taylor Swift and Travis Kelce are said to be planning a $3 million wedding next year with a star-studded guest list.

Taylor Swift, Travis Kelce To Spend $3 Million For Their 'Star-Studded' Wedding In Rhode Island Next Year: Report

It looks like Conn's HomePlus, a well-known discount furniture retail chain, is navigating through some choppy economic seas. With a history stretching back over 130 years, Conn's started as a humble plumbing and heating company in Beaumont, Texas. Today, it's facing a potential Chapter 11 bankruptcy filing as it struggles to keep afloat amid declining sales and the challenges of a tough economic environment.

A struggling discount furniture chain plans to file for Chapter 11 bankruptcy

Hawaii State

FinanceBuzz

After shutting down a few stores in 2023, Macy’s has more closures planned for this year. Is your local Macy’s on the chopping block?

Macy’s Is Closing 150 Stores (Will Yours Be One?)

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Fairfield, CT

Fairfield police have intensified their search for 16-year-old Jomana Ali, who was reported missing on July 2. Authorities have deemed her an endangered missing juvenile due to concerns over her age and mental health. Ali was last seen near an auto repair shop in Bellmawr, New Jersey, more than 100 miles from her home in Fairfield, Connecticut.

Urgent Search for Missing Fairfield Teen Jomana Ali: Police Release New Surveillance Photos

Prince Harry's acceptance of the Pat Tillman Award at the recent ESPY Awards has ignited a storm of criticism and brought to light his ongoing struggle for validation. According to Richard Kay, a close confidant of Princess Diana, the Duke of Sussex appears to be "feeling lost" and is seeking affirmation through his military connections. This revelation comes in the wake of Harry's controversial nomination for the award, which honors individuals who exemplify service and leadership, and has sparked debates over his worthiness as a recipient.

Backlash Over Pat Tillman Award Leaves Prince Harry 'Feeling Lost'

It's a tough time for retail as a slew of national chains are trimming down their physical presence. From drugstores to discount stores, the story is pretty much the same: closures aimed at cutting costs and shedding underperforming locations.

Major chain closes stores because of bankruptcy

California State

As dawn breaks at the base of Otay Mountain, the oppressive heat already engulfs the landscape. Even in the early morning, temperatures near this 3,500-foot peak soar into triple digits, a harbinger of the deadly conditions awaiting migrants attempting to cross the U.S.-Mexico border. This part of California is under an excessive heat warning, exacerbating the perils for those making the treacherous journey.

California Heat Exposes Migrants to Life-Threatening Conditions Amid Rising Temperatures

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

In a significant cybersecurity breach, AT&T disclosed on Friday that tens of millions of its cellphone customers' call and text message records were exposed in a data hack that occurred in mid-to-late 2022. The breach also impacted many non-AT&T customers whose information was accessible through interactions with AT&T users. This revelation underscores the persistent vulnerabilities facing major telecom companies.

AT&T Suffers Massive Data Breach Exposing Millions of Call and Text Records

Dollar General has agreed to pay $12 million in penalties and undertake significant safety improvements across its nearly 20,000 U.S. stores. This settlement with the Department of Labor aims to address longstanding safety concerns that have plagued the discount retailer for years.

Dollar General to Pay $12 Million in Fines Over Workplace Safety Violations

Virginia State

Virginia fans of The Bold and the Beautiful are pretty much unified in their expectations of what will happen between Thomas Forrester (Matthew Atkinson) and Paris Buckingham (Diamond White), who recently announced their engagement.

The Bold and the Beautiful fans believe Thomas will dump Paris for Hope

New York – After months of discussions and rounds of due diligence, Macy’s Inc. is terminating interactions with Arkhouse Management Co. and Brigade Captial Management – which have been pressing since December 2023 to take the company private. The retailer will now redouble its efforts on the...

Macy’s Inc. slams the door on proposed acquisition deal

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

The Social Security Administration (SSA) is poised to announce one of the smallest cost-of-living adjustments (COLA) in recent years, with early estimates suggesting a modest 2.6% increase for 2025. This adjustment, driven by declining inflation rates, has significant implications for millions of retirees who rely on Social Security benefits to manage their living expenses.

Social Security Faces Smallest Benefit Increase in Years Amid Declining Inflation

NewsBreak

Macy’s Terminates Buyout Talks with Arkhouse and Brigade, Citing Financing Concerns

Macy's announced on Monday that it has terminated negotiations with Arkhouse Management and...

Macy’s Terminates Buyout Talks with Arkhouse and Brigade, Citing Financing Concerns

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