Arts-and-crafts retailer AC Moore to close all 145 stores

first_img“Unfortunately, given the headwinds facing many retailers in today’s environment, it made it very difficult for us to operate and compete on a national level,” AC Moore CEO Anthony Piperno said in a statement.More details on the store closing timeline are set to come out in the coming weeks, and the company also plans to stop accepting online orders.Michaels CEO Mark Cosby (Credit: LinkedIn)The stores that Michaels takes over are set to reopen next year. “This transaction enables us to further expand our presence in strategic markets and serve even more customers both online and in store,” Michaels CEO Mark Cosby said.Michaels, whose portfolio includes more than 1,260 stores in the U.S. and Canada, will also be picking up an East Coast distribution facility and “intellectual property” from AC Moore as part of the deal. [NYP] — Kevin Sun This content is for subscribers only.Subscribe Now AC Moore’s parent company, Nicole Crafts, announced the decision on Monday (Credit: iStock)It’s AC no Moore, as another retail chain falls victim to challenges sweeping the industry.New Jersey-based arts-and-crafts retail chain AC Moore will be closing all of its 145 stores across the country, and up to 40 will see their leases taken over by a larger competitor, the Michaels Companies. AC Moore’s parent company, Nicole Crafts, announced the decision on Monday, the New York Post reported.Read moreRetail wreckage piles upFor mall owners, Forever 21 bankruptcy signals more trouble aheadlast_img read more

No. 18 of Kyle Busch passes Miami post-race inspection

first_imgThe race-winning No. 18 Joe Gibbs Racing Toyota of Kyle Busch passed post-race technical inspection Sunday at Homestead-Miami Speedway with no issues.The No. 18 Toyota was found to be compliant with the 2019 NASCAR Rule Book after Busch won the championship finale in Miami.The No. 95 Leavine Family Racing Toyota of Matt DiBenedetto had one lug nut not safe and secure in post-race inspection. The other Championship 4 cars — the No. 4 Stewart-Haas Racing Ford of Kevin Harvick, the No. 11 Joe Gibbs Racing Toyota of Denny Hamlin and the No. 19 Joe Gibbs Racing Toyota of Martin Truex Jr. — will be taken back to the R&D Center in Concord, North Carolina.With post-race teardown complete, the race results are official. Busch is the 2019 NASCAR champion.RELATED: Results | Busch scores second championshipThe post-race process is part of a new, more timely approach to inspection for all three NASCAR national series. Competition officials announced in February that thorough post-race inspections would take place shortly after the checkered flag at the track instead of midweek at the Research & Development Center.Those inspections come with a stiffer deterrence structure that includes disqualification for significant rules infractions — “a total culture change,” said Steve O’Donnell, NASCAR Executive Vice President and Chief Racing Development Officer. In the past, race-winning teams found in violation of the rules were penalized with post-race fines, points deductions and/or suspensions, but victories were allowed to stand.Competition officials introduced the quicker post-race inspection timetable in an effort to make the results official on race day, aiming for a 90-minute target time frame to complete their scrutinizing. The new post-race inspection process was also designed to deal with potential violations more promptly, avoiding any midweek news that might cloud the previous week’s results or the build-up to the following week’s event.NASCAR will still inspect cars and parts at the R&D Center as needed, but the more comprehensive at-track inspection will take priority.According to NASCAR statistical archives, the last time a premier-series driver was disqualified occurred in 1973, when early retiree Buddy Baker was demoted to last place in the National 500 at Charlotte Motor Speedway. The last time an apparent race winner in NASCAR’s top division was disqualified came on April 17, 1960, when Emanuel Zervakis’ victory at Wilson (N.C.) Speedway was thrown out because of an oversized fuel tank on his No. 85 Chevrolet.last_img read more

Island Offshore puts off newbuild deliveries

first_imgNorwegian shipowner Island Offshore has agreed to delay deliveries of all of its under-construction vessels at Vard, except one.In its quarterly statement, the company has said it has agreed with Vard Brevik to delay delivery of all the new building vessels with an average delay of six months, except for Island Clipper platform supply vessel which will be delivered in April 2015.Excluding the Island Clipper, Island Offshore has four vessel on order at Vard yard, three platform supply vessels and one well intervention vessel.The company has explained that the deal will help mitigate the negative implications of a weaker market and will improve the short term cash flow for the Group.Furthermore, Island Offshore has said it has signed a shipbuilding contract  with Kawasaki Heavy Industries for delivery of the Top Hole Drilling vessel Island Navigator in March 2017. The contract is subject to firm financing and these negotiations are progressing according to plan, Island Offshore has said.Offshore Energy Today Stafflast_img read more

Grayling confirms worst fears with RTA Portal fee cuts

first_imgFixed recoverable costs for RTA Portal claims up to £10,000 will be cut to £500, justice secretary Chris Grayling has confirmed. In a consultation response published today which will confirm the worst fears of the sector, the Ministry of Justice said fixed costs will be cut from the current figure of £1,200 from the end of April. New protocols extending the scheme to £25,000 and to employer and public liability claims will be implemented from the end of July. Fixed costs for RTA claims worth up to £25,000 will be £800, whilst employer and public liability costs will be £900 for lower-value cases and £1,600 for cases up to £25,000. The cost figures are identical to the proposals set out by Grayling last November which preceded a six-week consultation. Grayling said: ‘I want to see claims handled quickly and efficiently so accident victims with genuine cases can be compensated as soon as possible. ‘That is why following consultation and careful consideration I have confirmed that changes to the digital system used for settling uncontested road accident claims will take place this year. ‘From April the costs lawyers can charge for using the scheme will be reduced to reflect the work and costs involved and from July the system will be expanded to include higher-value claims and accidents at work or in public places. ‘These changes, along with our wider reforms, are intended to bring more balance to the system, make lawyers’ costs proportionate and in turn create an environment where insurers can pass on savings to their customers through lower premiums.’ James Dalton, head of motor and liability at the Association of British Insurers, said: ‘This is very good news for customers who will benefit through lower car insurance premiums as unnecessary legal costs are removed from the system. The government is to be congratulated for grasping the nettle on this issue and resisting the scare-mongering claims of ambulance-chasing lawyers.’ Desmond Hudson, chief executive of the Law Society, said: ‘It is disappointing to see that the views of those who disagree with the ABI and the government are declared partial and biased by the MoJ. These changes will make it more difficult for those injured through the negligence of others to receive compensation. ‘Will motor insurance premiums reduce or, more likely, will the profits of insurance companies increase?’ For RTA claims valued less than £10,000, the government said it had used the Jackson report and research by the Legal Services Board to find an average cost of £700 for each referral fee paid by a solicitor firm. The MoJ response said it was ‘appropriate’ that a review of fixed costs should take account of the forthcoming ban on referral fees and the savings firms will make as a result. The consultation prompted 763 responses in total, with 729 from 280 claimant firms and bodies (around 96%) and just 22 from insurers and defendant firms (around 3%). A further 12 responses came from representative and expert organisations. The announcement comes just two days before a judicial review hearing is set to take place in the High Court, led by claimant groups Association of Personal Injury Lawyers and Motor Accident Solicitors Society. The case, which will go ahead in spite of today’s announcement, is based around the reasons for the government’s costs figures and the influence of the insurance lobby. In its response, the MoJ said: ‘The government decided in principle, in the autumn of 2011, that the abolition of referral fees should lead to a reduction in [fixed recoverable costs]. The Law Society said it would offer advice and support. Mark Stobbs, director of legal policy for the Society, said: ‘Senior partners and managers in each firm will need to consider how far their business models make it worthwhile to continue to do PI work, and whether they can be adapted. ‘It wouldn’t be surprising if many firms decide that they are unable to do so, and as a result many innocent victims of road accidents will lose out.’ ‘On 14 February 2012, following an insurance summit held at No 10 Downing Street, a commitment in principle to reduce FRCs was announced. Further work was then undertaken to gather evidence on the appropriate level of FRCs.’last_img read more

Mark Armstrong does it again

first_img3rd Alan Gadsby (18) 36pts4th Patrick Scullion (20) 34pts5th Alan Hanlon (11) 33pts The stormy weather continued but the players were very lucky that the threatened rain did not materialize although the cloud cover continued to provide good conditions for golf but the wet course made scoring difficult.Mark Armstrong went one better than last week, when he scored 39 points, amassing another 40 even though his handicap had been pared by two as he claimed the top spot by four clear shots.Mark Armstrong.Once again his round was underpinned by consistent hitting off the tee, allied on this occasion to an extra measure of accuracy and some excellent putting which all added up to an outstanding round that proved to be his best score ever in both Thailand and Australia and earned another one shot reduction in handicap.Rod Howett although not playing to his full potential, still did enough to take second place but needed to be better in a count back, which he was, by a margin of 18 to 17for second place as Alan Gadsby took yet another podium placing in third.After much toiling and sweat over several courses during his stay in Pattaya, Patrick Scullion at last put together a round that almost matched his handicap in taking fourth spot and with just a little bit of luck could have been challenging for the top position.Alan Hanlon closed out the honourable mentions another shot back in fifth.Unsurprisingly there were no 2’s in either division.Before presenting the prizes the Doc welcomed back Cliff Hornsby, Stephen Brown, Nobutaka Yamaguchi, Jens Gunnarsson and warren Gallop.Wednesday, August 24, Eastern Star – StablefordCSS 75 NC1st Shuichi Kodaka (17) 32pts2nd Gavin Hargrave (29) 31pts3rd Alan Gadsby (18) 30pts4th Rod Howett (22) 30pts5th Al Rolnik (17) 30ptsAfter a tough day out earlier in the week at the other end of Bann Chang, the action moved to Eastern Star where the course was found to be in very good condition allowing for the recent weather, which had left the course extremely wet making the length even longer than usual.  Even though the rule of the day was “lift and place” in the fairways, scoring was at a premium with none of the contestants getting anywhere near to their handicaps as the CSS for the day went out by three shots and the event became a non counting one for handicap purposes.Shuichi Kodaka.Shuichi Kodaka returned the best card of the day, a hard earned four over, to take the top spot by a single stroke from Gavin Hargrave.They were followed by a three-way tie a further shot back, that was settled by count back with Alan Gadsby once more getting into the action, winning out with 16 over the inward nine as Rod Howett just pipped Al Rolnik for fourth with a better 10 to 9 on the last six after they had tied at 15 for the nine.With the conditions much harder it was even more surprisingly than Monday’s result, when there were no 2’s, there was a 2 in both divisions today.  Trevor Schirmer scored one in the first division and Rod Howett had one in the second division.Note:  The Haven group now departs Soi 13 at the earlier time of 9 am until further notice.  If you would like to play with the group you can contact mobile 082 219 0965 or call in to the hotel at 185 Soi 13 between Beach Road and 2nd Road.  All transportation to the course is arranged and you do not need to sign up prior to the day, but you should be there by 8.30 on Mondays, Wednesday,Fridays and 9.00am on Sundays on the days you wish to play.  A schedule of courses to be played can be found on our web site at IPGC golf from The HavenMonday, August 22, The Emerald – StablefordCSS 721st Mark Armstrong (22) 40pts2nd Rod Howett (22) 36ptslast_img read more

Germany hit by illness ahead of France clash

first_img Germany: Neuer; Hummels, Boateng, Mertesacker, Howedes; Schweinsteiger, Lahm, Kroos; Özil, Müller, Götze. CEST Germany’s preparations for their clash with France in the World Cup quarter-final have been hit by illness.  03/07/2014 By contrast, France should have Mamadou Sakho back from injury and he could step in for Laurent Koscielny.  Manager Jurgen Klopp wanted to play things down. He said: “It’s not that bad at the moment. I don’t want to over-dramatise it.” One other change Didier Deschamps is considering making is bringing back Antoine Griezmann into the starting line-up, at the expense of Olivier Giroud. “It’s understandable that the guys get a bit under the weather, and that it starts to spread.” Thomas Muller has also shown symptoms of flu.  France: Lloris; Debuchy, Varane, Sakho, Evra; Matuidi, Cabaye; Pogba; Valbuena, Benzema, Griezman.center_img Mats Hummels missed the game against Algeria while Cristoph Kramer had to skip a day of training. Sport EN Seven of the squad are said to be suffering from flu. Against Nigeria France looked a lot better when the Arsenal striker went off for the Sociedad wide man, with Karim Benzema moving into the middle. Possible teams Low said: “We’re constantly having to travel between different climate zones.  Upd. at 20:13 Referee: Nestor Pitana (Argentina).last_img read more

Espanyol 3-0 Almeria: Player ratings as Los Periquitos continue superb winning streak

first_img CET Felipe Caicedo 7Is in a goal glut and came up with another one just minutes after his introduction, showing great strength to hold off the defender and a cool head to tuck it home. Upd. at 21:09 Alex N/A Abraham 6Played some fine passes in the first half, but tired in the second and was replaced after an hour. Christian Stuani 7Consolidated his place as the top scoring Uruguayan in Barcelona this season with a quick-fire double towards the end of the first half. One a close-range header, the other a tap-in from a similar position. Kiko Casilla 6Dealt comfortably with everything Almeria had to throw at him, which wasn’t that much anyway.  Alvaro 6Has shown himself to be a reliable customer since arriving in the summer, and today was no different.  Hector Moreno 7A couple of dodgy clearances aside, was composed at the back, making a few good challenges.  JA Canas 6Not quite as accurate as usual but kept the ball moving and Espanyol ticking.  Rik Sharma Juan Fuentes 6Solid performance but must be wary that Duarte, who has performed impressively recently, doesn’t outshine him when given the chance. Handled Edgar Mendes well.  25/01/2015 Sergio Garica 8Created the first for Stuani with hard work down the right and played a large part in the second. Went close himself with a shot which hit the side netting.  Javi Lopez 7His manager will have no complaints, tidy and efficient. Doesn’t get forward a lot but isn’t asked to either.  SUBS Victor Sanchez 7His energy was needed after the break and in an impressive display he also created the third goal, playing in Caicedo. Helped out the defence too.  Lucas Vazquez 6Mis-hit the ball perfectly into Stuani’s path for Espanyol’s second goal. Has spark, but it needs to be channeled better than it was today.  Salva Sevilla 6Performed his midfield role well, although didn’t sparkle particularly.last_img read more