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Tuesday, April 11, 2017, Torrance. (Photo by Steve McCrank, Daily Breeze/SCNG) Womens fashion chain Bebe has become the latest retailer to close its stores, disclosing plans to lay off about 700 employees by the end of May, including 22 who work at outlets in El Segundo and Torrance, according to notices filed with the state. The company has roughly 35 stores in California. Shuttering its apparel stores effective May 27 is a move to focus on online sales. The company is closing the locations without filing for bankruptcy, anonymous sources told Bloomberg News. However, if enough landlords are unwilling to negotiate, the company may have to file for bankruptcy. Bebe has no significant debt, but lost $200 million over the past four years, Bloomberg reported. Bebe announced last month it was exploring strategic alternatives for the company. The announcement followed an almost 17 percent reduction in net sales for the second quarter of 2016, which included the crucial holiday shopping season. Comparable store sales for the quarter ending Dec. 31, 2016, generally seen as a reliable indicator of a retail business strength, decreased 10.5 percent compared to the same period the prior year. The biggest layoffs announced were 136 at the companys Brisbane, California headquarters and 160 in Los Angeles.
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"A one-man system is being established, so I said 'No'. I said 'No' for a strong parliament," said Hasan Celik, 29, after voting in the southeast's largest city, Diyarbakir. Ahead of the start of voting, Kurdish militants killed a guard in an attack on a vehicle carrying a district official from the ruling AK Party in southeast Turkey on Saturday night, security sources said. They said the Kurdistan Workers Party (PKK) militants carried out the attack in the Muradiye district of the southeast's Van province. A second of the AKP official's guards was wounded in the attack. The referendum has bitterly divided the nation. Erdogan and his supporters say the changes are needed to amend the current constitution, written by generals following a 1980 military coup, confront the security and political challenges Turkey faces, and avoid the fragile coalition governments of the past. Opponents say it is a step toward greater authoritarianism in a country where around 40,000 people have been arrested and 120,000 sacked or suspended from their jobs in a crackdown following a failed coup last July, drawing criticism from Turkey's Western allies and rights groups. Relations between Turkey and Europe hit a low during the referendum campaign when EU countries, including Germany and the Netherlands, barred Turkish ministers from holding rallies in support of the changes. Erdogan called the moves "Nazi acts" and said Turkey could reconsider ties with the European Union after many years of seeking EU membership. "Up until I voted I was undecided but the recent terror events wore our people down.
The secondhand apparel industry is said to be worth $18 billion accounting for both online and offline and is estimated to reach $33 billion by 2021, according to ThredUp. thredUP1 More ThredUp releases its Annual Resale Report for 2017. Photo: Courtesy of ThredUp When it came to purchasing secondhand online and onsite, online resale was a preferred option for shoppers, growing four times faster than offline thrifting. So what are resale shoppers purchasing? The report revealed that shoes, clothing and apparel accounted for 49 percent of purchases, while books accounted for 14 percent and electronics were 10 percent. Finally, when it came to reigning resale trends, the report looked at specific categories: The fastest-selling category was footwear, while the fastest growing category was active wear. The report also covered resale interest by age group. Compared to Baby Boomers and Generation-Xers, millennials and mature women were both of the likely age groups to purchase secondhand. Women over the age of 65 were said to be 3.4 times more likely to be motivated by both the savings and the value that came with buying secondhand, เบอร์มงคล ดีแทค while millennials were 2.4 times more likely to make a secondhand purchase because they were motivated by making eco-conscious shopping decisions.
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