Mar 16, 2017

Discount retailers to open 300 stores as Macy's cuts back

Gene J. Puskar / AP

TJX, Ross, and Burlington are planning to open about 300 U.S. stores combined in 2017, according to CNBC.

Why this matters: That's about the same number that Macy's, Sears, and J.C. Penney are closing this year. This is further evidence that if retailers aren't offering extreme discounts or extreme convenience, they'll keep losing business to those who do. Plus, guess which retail chains have seen climbing stock prices over the past year? (Hint: the off-price stores).

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A closer look at how colleges can reopen

The campus of Brown University. Photo: Lane Turner/The Boston Globe via Getty Images

Masks in class, sports on hold, dorm life without roommates and summer 2021 classes for some: Brown University President Christina Paxson tells "Axios on HBO" it's all in play as colleges consider whether and how to safely reopen campuses in the fall.

Why it matters: An extended shutdown of U.S. colleges and universities would leave nearly 20 million students and 3 million employees with an uncertain future, but premature reopenings without proper coronavirus safeguards could jeopardize lives and force more closings.

Go deeper (2 min. read)Arrow39 mins ago - Economy & Business

How Disney World could host the NBA

Illustration: Sarah Grillo/Axios

After weeks of speculation, the NBA announced Saturday that it is in early discussions to resume its season in late July at Disney's ESPN Wide World of Sports Complex in Orlando.

What they're saying: The NBA's most well-sourced reporter, Adrian Wojnarowski, says "everything is pointing toward" this happening, and that teams could start recalling players as soon as next week for a two-week quarantine period and formal training camp before heading to Florida.

Go deeper (2 min. read)Arrow56 mins ago - Sports

U.S.-China trade tensions are escalating again

Illustration: Sarah Grillo/Axios

As the coronavirus pandemic appears to be subsiding in China, it's becoming clear that its targets for the phase one trade deal with the U.S. are unrealistic and there is so far no sign of a plan for renegotiation.

What's happening: White House National Economic Council director Larry Kudlow said Thursday the trade deal was "intact, and China has every intent of implementing it."

Go deeper (2 min. read)Arrow1 hour ago - Economy & Business