Steel Partners: Q4 Earnings Snapshot
On a per-share basis, the New York-based company said it had net income of $3.40.
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The Hill
35 minutes ago
- The Hill
Some Claire's, Icing stores set to close after bankruptcy filing: court docs
(NEXSTAR) — More than a dozen Claire's stores, as well as a few Icing locations, are set to close in the coming weeks after the former filed for bankruptcy. Illinois-based Claire's, which also operates Icing, announced Wednesday that it was voluntarily beginning Chapter 11 bankruptcy proceedings 'to maximize the value of its business.' 'This decision is difficult, but a necessary one,' Chris Cramer, CEO of Claire's, said in a press release, citing pressure from 'increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail,' as well as debt obligations and 'macroeconomic factors.' 'We remain in active discussions with potential strategic and financial partners and are committed to completing our review of strategic alternatives,' he added. Trump promised lower grocery prices 'on Day One.' Here's what happened In the same press release, the company said Claire's stores 'will remain open.' Court documents filed the same day, however, identified 18 stores — five Icing stores and 13 Claire's locations — across 13 states for potential closure. These stores were previously identified as locations that 'should be exited,' court documents explain. Alabama 3518 Eastdale Mall, Montgomery California 8042 Galleria at Tyler, Riverside (Icing) 5586 Newpark Mall, Newark Illinois 5307 Ford City Mall, Chicago Massachusetts 3358 Market Street at Lynnfield, Lynnfield Michigan 5896 Bay City Town Center, Bay City 3422 Woodland Mall, Grand Rapids (Icing) Minnesota 6684 Northtown Mall, Blaine New Jersey 6373 Livingston Mall, Livingston New York 8456 Greece Ridge, Rochester (Icing) Pennsylvania 5406 Union Town Mall, Union Town Tennessee 5368 Pinnacle at Turkey Creek, Knoxville Texas 6252 Shops at Highland Village, Highland Village 8615 Mall of Abilene, Abilene (Icing) Utah 6705 Provo Town Center, Provo 6233 Junction Commons, Park City 8668 University Orem, Orem (Icing) Washington 722 Woodinville Plaza, Woodinville Store closing sales are expected to end no later than September 7, should the filing receive approval. Claire's, well-known for its affordable jewelry and accessories, as well as its piercing service, previously filed for bankruptcy protection in 2018. According to CNBC, the retailer is facing a similar burden now, namely a steep debt load. Tariffs and increased competition are adding to the pressure now. Currently, Claire's has about $500 million in debt and between $1 billion and $10 billion in assets and liabilities. Citing court documents, CNBC reports Claire's is exploring a sale of its assets. Other retailers that have filed for bankruptcy this year include At Home and JOANN. Fellow mall-focused stores, like Torrid, have also been forced to close dozens of stores.
TechCrunch
an hour ago
- TechCrunch
The computer science dream has become a nightmare
In Brief Well, the coding-equals-prosperity promise has officially collapsed. Fresh computer science graduates are facing unemployment rates of 6.1% to 7.5% — more than double what biology and art history majors are experiencing, according to a recent Federal Reserve Bank of New York study. A crushing New York Times piece highlights what's happening on the ground. The individual stories are surreal. Manasi Mishra, 21, graduated from Purdue after being promised six-figure starting salaries, only to receive a single interview, at Chipotle. (She didn't get the job.) Zach Taylor has applied to nearly 6,000 tech jobs since graduating from Oregon State in 2023, landing just 13 interviews and zero offers. He was even rejected by McDonald's for 'lack of experience.' The alleged culprits? AI programming eliminating junior positions, while Amazon, Meta and Microsoft slash jobs. Students say they're trapped in an 'AI doom loop' — using AI to mass-apply while companies use AI to auto-reject them, sometimes within minutes. Thankfully, Mishra landed a job after one cold application that worked out. It's not in software engineering.
Yahoo
2 hours ago
- Yahoo
This 'very sturdy and classic' Coach Outlet bag is usually $670, but it's $371 off right now
Whether you're headed to work, brunch or the grocery store, this tote will fit right in. Looking for a bag that can keep up with your busy schedule, and look good while doing it? Meet the Maggie Tote from Coach Outlet. Crafted from pebbled leather, this super-cute tote bag is equal parts stylish and durable. With its roomy interior, it can easily fit a wallet, phone, tablet and even a laptop, making it a great everyday work bag. And the best part? Right now, you can snag it for 55 per cent off, bringing the price down from $670 to $299 — quite the steal if you ask me. Keep scrolling to read all about it. Everything you need to know Here's the thing about finding the perfect work-to-weekend bag — it's a lot harder than it looks! Especially if you're looking for something spacious yet elevated. You want something that can carry your laptop and key essentials (plus, maybe a snack or two for the road), but that still looks way nicer than your average tote. Coach Outlet's Maggie Tote features the brand's classic pebbled leather with a structured design that keeps it looking polished no matter how much you stuff in there. The magnetic snap closure and inner zip pocket mean your belongings are safe and sound, while the size — 14.25" x 11" x 5.5" — is roomy without feeling too large to use on the daily. Carry it by the top handles or throw it over your shoulder with the longer straps — whatever works. Plus, it comes in eight different colours, so you have plenty of options to choose from. $299 $670 at Coach Outlet What shoppers are saying ⭐️ 4.8/5 stars 💬 170+ reviews 🏆 "Beautiful bag! Very sturdy and classic." It seems this new arrival from Coach has already got the customer stamp of approval, especially when it comes to work. Here's what some shoppers had to say: One reviewer who bought it as a gift for her daughter shared, "She is able to get everything she needs for work in it and look fashionable at the same time." Another shopper gushed, "Love this bag," and said it's "very classy" and earns them "lots of compliments." They also mentioned it fits everything they need for work, without being too heavy. One review praised its laptop-friendly size, saying, "I was looking for a bag that wasn't too big and could carry my laptop. This was perfect!!" Overall, the bag earned high praise from customers, with a couple of healthy critiques in the mix. One customer shared, 'I just wish the straps were longer,' while another wrote, 'A nice looking bag, a little heavy and larger than I expected.' So, do you need it? Honestly? If you've been on the hunt for a work bag that doesn't make you look like you're hauling around a diaper bag or briefcase, this could be it. The Maggie Tote is just the right amount of spacious, and with its structured silhouette and pebbled leather, it's a great elevated addition to your fall wardrobe. The 55 per cent off price tag doesn't hurt either. While it's still a bit of an investment, it's one of those purchases that feels justified if it's a bag you're planning to use day-to-day. And based on the reviews, you'll probably end up reaching for it a ton. Looking for something a little different? Here are 11 more Coach Outlet deals to shop
