Forever 21 fashion chain closing all Canadian stores in global restructuring

This report by The Canadian Press was first published Sept. 30, 2019.— With files from The Associated Press in Toronto.The Canadian Press VANCOUVER — Low-price fashion chain Forever 21, a once-hot destination for teen shoppers, will close all 44 of its Canadian stores and up to 178 locations in the United States while restructuring its global business under bankruptcy protection.The Los Angeles-based company announced Sunday that it had filed for protection under U.S. and Canadian laws and confirmed Monday that it plans an “orderly wind-down” of the entire Canadian business.“After years of poor performance and challenges set forth by the headwinds facing the retail industry today, our Canadian operations are simply no longer economically viable,” said Bradley Sell, Forever 21 Canada’s chief financial officer, in a statement.The company considered “numerous options” before it came to the “difficult decision to discontinue operations in Canada,” he said, adding it believes the choice to be the right one for Forever 21 Canada.Forever 21 was granted protection under the Companies’ Creditors Arrangement Act at the Ontario Superior Court of Justice in Toronto, the company said. PricewaterhouseCoopers Inc. will serve as its monitor in proceedings.The retailer operates 44 stores in Canada with locations in Alberta, B.C., Manitoba, Ontario, Quebec and Nova Scotia. These stores, which employ about 2,000 people, will stay open during the liquidation process, the company said, but will close before the end of the year.“We have plans to liquidate our store inventory in the near-term,” the company said in an emailed statement. “Canadian customers can continue to shop our curated assortment of merchandise on our U.S. website.”The company said it would focus on maximizing the value of its stores in the United States, where it had 500 locations prior to the downsizing.Forever 21 will also close most of its locations in Asia and Europe but will continue operating in Mexico and Latin America.The numbers show the crisis facing traditional retailers. So far this year, publicly traded U.S. retailers have announced they will close 8,558 stores and open 3,446, according to the global research firm Coresight Research. That compares with 5,844 closures and 3,258 openings in all of 2018.Coresight estimates the store closures could number 12,000 by the end of 2019.The Canadian retail scene has undergone similar trends but hasn’t been an exact copy of the United States.Payless ShoeSource closed its 248 Canadian stores after filing for bankruptcy in February. However, Toys R Us Canada continues to operate as a separate business despite the closure of its American and British counterparts.Forever 21 was founded in 1984 and, along with other so-called fast fashion chains like H&M and Zara, rode a wave of popularity among young customers that took off in the mid-1990s.Their popularity grew during the Great Recession, when shoppers sought fashion bargains.But over the last year or so, fast fashion has fallen out of style. Young customers are losing interest in throw-away clothes and are more interested in buying eco-friendly products. They’re also gravitating toward rental and online second-hand sites like Thredup, where they see clothes worn again instead of ending up in a landfill.These trends are happening while discounters like Target have spruced up their fashion assortments, stealing away customers.Forever 21 has also been more vulnerable than some other chains because of its large footprints in major malls, which are attracting fewer shoppers. read more

Selfharm among armed forces jumps by a third in past five years

first_imgThe data excludes servicemen and women who had thoughts of DSH or suicide.Women, Army personnel and those aged under 24 were most at risk, the figures suggested.Those aged under 20 were around 10 times more likely to self-harm than those aged 45 and over, while women were around twice as likely as men to be at risk.The MoD said the risk groups in the armed forces were in line with those in the general population.Improved methods of capturing DSH data could have attributed to the reported rise in incidents, the MoD added. The data included regular armed forces personnel, mobilised reservists, full-time reservists and non-regular permanent staff alongside trained and untrained personnel.An MoD spokesman said: “Overall we have seen that those in the military have a lower prevalence of self-harm than the general population, and today’s stats show that the groups at risk are broadly the same whether in the armed forces or elsewhere.”Through our many anti-stigma efforts, including the ‘Don’t Bottle It Up’ campaign, we encourage anyone with a mental health problem to come forward and get the support they deserve.” Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. The number of armed forces personnel deliberately self-harming has jumped by more than a third over a five-year period.Figures released by the Ministry of Defence revealed a 36 per cent increase in servicemen and women who self-harmed at least once between 2010/11 and 2014/15.There were 383 recordings of deliberate self-harming (DSH) – including self-injury and self-poisoning – for Navy, Army and RAF personnel in 2014/15, up from 339 in 2010/11.center_img We encourage anyone with a mental health problem to come forward and get the support they deserveMinistry of Defence spokesman Military personnel have a “decompression period” after deployment where they can “begin to mentally and physically unwind” and talk about their experiences, the spokesman said.He added: “No system can guarantee to detect every individual at risk of mental disorder. Nevertheless, measures are in place to increase awareness at all levels.”last_img read more

New 3DR Site Scan software captures thermal imagery for mine drone surveys

first_img3DR, makers of Site Scan, the complete drone software platform for construction and engineering teams, has announced that Site Scan users can now capture and use structurally-detailed thermal imagery on their projects. This is made possible through a one-of-a-kind integration with the DJI M210 dual gimbal drone, equipped with the Zenmuse XT thermal camera and the Zenmuse X4S, making it easy to capture and combine thermal and RGB imagery.This capability is an industry-first: only Site Scan offers autonomous thermal mapping and modelling using this dual-gimbal solution with the XT camera, which is powered by FLIR Systems, the global leader in thermal imaging solutions. “Site Scan’s unique ability to generate structurally detailed thermal point clouds is a brand new capability for our customers across engineering, construction, and mining,” said Chris Anderson, CEO, 3DR. “Now, Site Scan users can easily inspect buildings, structures, and utilities, map solar arrays, monitor concrete curing, and much more. We’re excited to see how our customers put thermal imaging to work on their projects.”The workflow is simple: Site Scan users just plan and execute their flight with the M210 equipped with the XT and X4S, and the imagery from both cameras will automatically upload to the cloud and turn into thermal maps and models using Pix4D’s industry-leading thermal processing capabilities.As part of this release, Site Scan users can now also fly with the XT camera using a single gimbal on any of the the DJI M200 Series drones (M200, M210, M210 RTK). This makes it easier than ever to perform thermal inspections: Site Scan users can either fly single gimbal autonomous surveys, or fly manually and tap any part of their iPad screen to get a temperature reading of a specific area.“As more enterprises deploy drones across their operations, many of them are realizing the impact thermal data can have on their sites,” said Jan Gasparic, Head of Enterprise Partnerships at DJI. “With the new thermal capabilities of 3DR’s Site Scan platform, these enterprises have a seamless and automated way to transition from a DJI M200 Series drone out in the field to meaningful analytics of thermal data in the office.”“Thermal imaging has become a core tool for commercial drone operators to use on the job,” said Frank Pennisi, President of the Industrial Business Unit at FLIR. “The ability to use a drone to see heat and now map it with 3DR Site Scan will enable the industry to increase efficiency, reduce costs, and do more with thermal imaging.”last_img read more