Nov 21, 2018

Gap could close hundreds of stores in a retail rout

Sales at Gap. Photo: John Keeble/Getty Images

Gap — which saw a 7% drop in sales at stores that have been open for a year or longer — is considering closing hundreds of its mall locations as well as some of its flagship stores, CEO Art Peck told analysts in a call Tuesday evening.

The big picture: There are 775 Gap-branded stores worldwide, per CNBC. Declining sales come amid a retail shakeout that has plagued iconic brands like J. Crew, J.C. Penney and Neiman Marcus. Gap's own brand has the weakest sales numbers among the collection of labels it owns, which includes Banana Republic, Old Navy and Athleta, CNBC reports.

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House passes bill to make lynching a federal hate crime

Photo: Aaron P. Bauer-Griffin/GC Images via Getty Images

The House voted 410-4 on Wednesday to pass legislation to designate lynching as a federal hate crime.

Why it matters: Congress has tried and failed for over 100 years to pass measures to make lynching a federal crime.

This year's census may be the toughest count yet

Illustration: Eniola Odetunde/Axios

Community leaders are concerned that historically hard-to-count residents will be even harder to count in this year's census, thanks to technological hurdles and increased distrust in government.

Why it matters: The census — which will count more than 330 million people this year — determines how $1.5 trillion in federal funding gets allocated across state and local governments. Inaccurate counts mean that communities don't get their fair share of those dollars.

Live updates: Coronavirus spreads to Latin America

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Brazil confirmed the first novel coronavirus case in Latin America Wednesday — a 61-year-old that tested positive after returning from a visit to northern Italy, the epicenter of Europe's outbreak.

The big picture: COVID-19 has killed more than 2,700 people and infected over 81,000 others. By Wednesday morning, South Korea had the most cases outside China, with 1,261 infections. Europe's biggest outbreak is in Italy, where 374 cases have been confirmed.

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