Coats: Russia meddling is not as ‘robust’ as in 2016 election

coats russia meddling is not as robust as in election
Coats: Russia meddling is not as 'robust' as in 2016 election

Brookstone files for bankruptcy, to close all remaining mall stores

Brookstone Co. Inc. said Thursday it has filed for bankruptcy, to facilitate the sale of the specialty travel and entertainment products retailer. The company said it has begun a process to close its remaining 101 mall stores, citing continued deterioration of retail mall traffic, while it will continue to operate its airport, e-commerce and wholesale businesses. “Today we have taken several important steps to restructure the business and ensure that Brookstone will be well-positioned to succeed for years to come,” said Chief Executive Piau Phang Foo. The company said it has secured $30 million in post-petition financing to support its operations during the sale and restructuring process. The bankruptcy comes as the SPDR S&P Retail ETF has rallied 20.3% over the past 12 months and the S&P 500 has gained 13.6%.

Read on Market Watch

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About