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Gap, JCPenney, and Victoria’s Secret announced more than 300 store closures over the course of 24 hours this week.

All three companies reported declining same-store sales during the critical holiday period.

Gap, JCPenney, and Victoria’s Secret announced more than 300 store closures over the course of 24 hours this week, sending a clear signal that the fallout from the retail apocalypse is far from over.

Gap said Thursday that it would close 230 namesake stores in the next two years, as it reported that the brand’s same-store sales fell 7% during the holiday quarter. The company also said it would spin off its Old Navy brand.

Earlier in the day, JCPenney said it would close 27 stores in 2019, including 18 full-line department stores and 9 home and furniture stores. The department store chain said same-store sales fell 4% during the fourth quarter.

Victoria’s Secret’s same-store sales also fell during the holidays, dropping 3% during the quarter. The company said late Wednesday that it would close 53 stores this year, citing a “decline in performance.”

Foot Locker announced Friday that it plans to close around 165 stores across the country, during its investor call.

These announcements will bring the number of planned store closures this year to nearly 4,500.

Michael Cohen, President Donald Trump’s former lawyer, testified on Wednesday before the House Oversight Committee, and his opening statement contained a multitude of credible allegations against # 45. Trump instructed Cohen to arrange for a straw bidder to purchase a portrait of Trump and repaid the bidder with $60,000 Read More

Spiritual Sport Socks drops its first artist Series with contemporary artist Kim Bell of GWOP Magazine.  Grab an exclusive pair of these socks and make a statement today.

Available online now at: www.spiritualsportsocks.com 

Vinnie Johnson was the longtime sixth man for the NBA’s Detroit Pistons. He was a fan favorite. He played 10 seasons in Detroit and was a part of the 1989 and 1990 NBA Championship teams. For most people, that career would be the pinnacle of success Read More

Bill Traylor is a self-taught artist born in Alabama in a 1854.

His life spanned slavery, Reconstruction and Jim Crow- he never lived to experience any civil rights or freedoms that white Americans were handed at that time. Read More

A Detroit man who served 45 years behind bars for a crime that he didn’t commit, is forced to sell his personal collection of artwork that he made in prison. Richard Phillips, 72, Read More

The Superfriends as the Wu-Tang Clan rapping one of the greatest songs of all time, “Triumph”. Video by Mylo the Cat aka isthishowyougoviral aka Adam Schleichkorn. Starring in order of appearance Samurai as ODB, Superman as Inspectah Deck, The Flash as Method Man, Apache Chief as Cappadonna, Green Lantern as U-God, Hawkman as The RZA, Black Vulcan as The GZA, Aquaman as Masta Killa, Batman as Ghostface Killah, and Robin as Raekwon.

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Mark Luckie, a digital strategist and former journalist, says he accepted the job offer from Facebook reluctantly.

At first, he didn’t want to move to Silicon Valley from Atlanta, where he had been living, but he said his fiance was able to persuade him, telling him that the job presented an opportunity to make a difference on the influential social network.

“I was really excited. Facebook is an amazing company that reaches a lot of people,” Luckie, 35, said in an interview with The Washington Post. “I didn’t plan to leave.” Read More

An interview with billionaire businessman, founder of Quicken Loans and owner of the Cleveland Cavaliers, Dan Gilbert. In this interview, Dan discusses his career as a entrepreneur and lessons he has learnt along the way. Dan also talks about the importance of culture, managing sports teams and Detroit.  source: Investor Archive