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July 11, 2019

The accessories chain Charming Charlie has filed for bankruptcy for the second time in less than two years, and will close all 261 of its stores in the United States.

Court documents show the company, which was founded in Houston in 2004, filed for Chapter 11 protection in Delaware, and expects to hold liquidation sales for two months. More than 3,000 jobs are on the chopping block.

Coming out of its first bankruptcy, the company "continued to face challenges that make it impossible for Charming Charlie to continue as a going concern," CFO Alvaro E. Bellon said in a court filing. Malls aren't as busy as they used to be, he said, and some low-performing Charming Charlie stores are only open because of lease agreements. Catherine Garcia

April 26, 2018

Subway plans on closing about 500 locations in the United States, but will open more than 1,000 restaurants in Mexico, China, India, and the United Kingdom, CNBC reports.

The sandwich chain has more than 40,000 locations around the world, and counts Panera Bread and Chipotle as competitors. In 2017, Subway owners closed 800 restaurants, and a spokesman told CNBC that "looking out over the next decade, we anticipate having a slightly smaller but more profitable footprint in North America and a significantly larger footprint in the rest of the world."

Subways are owned by franchisees, and the company is working on a new loyalty program and a modern concept store featuring ordering kiosks and fresh menu items. Catherine Garcia

June 6, 2017

Sears already announced earlier this year it was closing more than 180 stores, and on Tuesday, 72 more Sears and Kmart locations were added to the list.

Most of the 16 Sears stores, 49 Kmarts, and seven auto centers affected will close in September. With the new closures, Sears will only have about 1,200 stores open, down from 2,073 five years ago, Business Insider reports. The company is dealing with poor sales and major debt. For a full list of the stores set to shut down, visit Business Insider. Catherine Garcia

April 5, 2017

Just a few months after taking office in Arizona, Maricopa County Sheriff Paul Penzone is closing down an open-air jail that housed inmates in military-style tents year-round.

Joe Arpaio, the county's former sheriff who was defeated by Penzone last November, erected Tent City during his first year in office in 1993. Arpaio made a name for himself because of his hardline stance on illegal immigration, and he enjoyed appearing on television to talk about how he made the inmates in Tent City wear pink undergarments. Arpaio argued that by freeing up space inside overcrowded brick-and-mortar facilities, he was saving money, but when Penzone announced Tent City's closure on Tuesday, he said it would save the county approximately $4.5 million. The decision to close the open-air facility was made unanimously by an advisory committee Penzone set up in January.

"This facility is not a crime deterrent, it is not cost efficient, and it is not tough on criminals," he said. Outsiders thought it had a zoo-like atmosphere, and "starting today, that circus ends," Penzone said, "and these tents come down." There are about 800 inmates in Tent City now, and about half will be moved during the next two months, with the rest leaving within six months. Inmates had to request to be in Tent City, and while Arpaio said it was rough serving time in the outdoors, officials now say many inmates ask to be there because the open space is a relief.

Grant Woods, a member of the advisory committee and a former state attorney general, said he was glad to hear conditions in Tent City were not as grave as Arpaio and civil rights activists claimed. "Having said that, the days of Arizona being a place — I hope — where people are humiliated or embarrassed or abused or ridiculed for the self-aggrandizement of anybody or anything are over," he told The Arizona Republic. "They have no place in our community, they don't reflect our community, and we're moving on." Catherine Garcia

May 19, 2016

With sales down, Gap announced Thursday it will close 75 stores in its Old Navy and Banana Republic brands.

Most of the stores slated to be shuttered are overseas, including every Old Navy store in Japan. In a conference call with investors, Gap chief executive Art Peck said he's "obviously disappointed that we're going to be discontinuing operations," but it's a "sign of a good company that you acknowledge when a business isn't going to deliver."

Worldwide, there are more than 1,000 Old Navy stores and 679 Banana Republic outposts. The company expects to save roughly $275 million a year by closing stores and streamlining its operating model, The Washington Post reports, and is now focusing on expanding Old Navy in Mexico and China. For the first quarter, Gap says net sales were down 6 percent to $3.44 billion and profits were $127 million, falling 46.9 percent. Catherine Garcia

December 29, 2015

After 2 p.m. on Dec. 31, don't try getting in touch with Sidecar — that's the time the transportation company will cease its ride-hailing and delivery operations.

Co-founder and chief executive Sunil Paul announced Tuesday that it's "the end of the road for the Sidecar ride and delivery service," but added that it's "by no means the end of the journey for the company." Since it launched in 2012, the company has been competing with Uber and Lyft, but raised just $35 million and operated out of only 10 U.S. cities, including Los Angeles and San Francisco, the Los Angeles Times reports. Over the past year, it expanded from just offering rides to people to delivering items. The company did not say what will happen to its employees or how many drivers will be affected. Catherine Garcia

July 30, 2015

A Civil War-era facility at the Baltimore City Detention Center that critics say should have been "condemned decades ago" will finally be shut down, Maryland Gov. Larry Hogan (R) announced Thursday.

The governor considers the Men's Detention Center, which houses 750 pretrial inmates, a "black eye" and "embarrassment" to the state. The inmates will be moved to other detention centers, officials said, but the women's jail, central booking facility, and other pretrial buildings will stay open. By closing the facility, Maryland will save between $10 million and $15 million annually "without compromising detainees' access to legal protections," Stephen T. Moyer, secretary of public safety and correctional services, said.

In 2013, federal prosecutors charged several people, including corrections officers, with letting a gang operate a drug-trafficking and money laundering ring from inside the facility, The Washington Post reports. Hogan said it "makes no sense to keep this deplorable facility open. ... The practice of continuously dumping hard-earned taxpayer money into this disastrous facility will not continue under my watch," and pinned the center's woes on previous administrations, who "ignored" what was going on.

Democratic state lawmakers and union officials criticized Hogan for not discussing the shutdown with them before it was announced. Advocates like David Fathi, director of the ACLU's National Prison Project, told the Post it's a move in the right direction, but won't solve a host of other problems. "This critical step...will have no impact on the dangerous physical conditions and shockingly deficient medical and mental health care in the jail facilities that will remain open," he said. Catherine Garcia

June 15, 2015

Gap is planning to close 175 stores so it can focus on high-performing locations, the company announced Monday.

About a quarter of its stores will be shuttered under this move, and 250 headquarters jobs will also be cut, USA Today reports. The retailer is still deciding which locations, including some in Europe, will be closed, but outlet and factory stores will not be affected. The company expects to shut down about 140 stores this year, and will continue to operate 500 Gap stores and 300 outlets.

"We're focused on offering consistent, on-brand product collections and enhancing the customer experience across all of our channels, including a smaller, more vibrant fleet of stores," Jeff Kirwan, global president for Gap Inc., said in a statement. In the first quarter, same-store sales fell 10 percent, compared to 5 percent in the same time period last year. Catherine Garcia

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