Caught on Camera: Firefighters respond to dumpster fire at FGCUFGCU students affected by Covid celebrate first commencement ceremony
FORT MYERS Caught on Camera: Firefighters respond to dumpster fire at FGCU San Carlos Park Fire District responded to a dumpster fire Sunday afternoon.
FORT MYERS FGCU students affected by Covid celebrate first commencement ceremony Graduation is a right of passage from school to the real world, but for these students, reality hit them in 2020.
PUNTA GORDA Motorcycle crash leaves 1 dead One person has died after a motorcycle crash in Charlotte County.
LEE COUNTY Lee Deputies work to track down transient sex offenders who fail to register WINK News Anchor Corey Lazar goes on patrol with Lee County Deputies in search of transient sex offenders who don’t register.
National Hurricane Preparedness Week: Know your risk Hurricane season starts on June 1st, but the National Oceanic and Atmospheric Administration has designated the week of May 5 through May 11 as National Hurricane Preparedness Week. Each day, Meteorologist Lauren Kreidler will be highlighting ways to stay prepared ahead of this year’s hurricane season.
Southwest Florida The Weather Authority: Stay alert – chance of showers and storms on Sunday Hot, humid, and more rain for parts of Southwest Florida on Sunday.
CAPE CORAL What we learned about Cape Coral’s water crisis after a ride along On Friday, WINK News got to ride along to see just what people are doing that could be wasting water.
The Weather Authority: A wet Saturday evening as storms move through Southwest Florida A rainy Saturday evening across much of southwest Florida.
FORT MYERS Lee Health Touch-A-Truck event educates families on Trauma Awareness On Saturday morning, sirens were ringing to celebrate Lee Health Trauma Center’s 30 years of service and to provide the public with trauma education and prevention methods.
SOUTHWEST FLORIDA (CBS) CDC says bird flu viruses “pose pandemic potential,” cites major knowledge gaps Bird flu continues to appear to pose a “low risk to the general public” for now, the Centers for Disease Control and Prevention says. But the agency’s scientists ran into roadblocks investigating a human case of this “pandemic potential” virus this year, they said in a new report.
DOWNTOWN FORT MYERS Bay Street Yard set to open in late May A new place to hang out in Downtown Fort Myers is opening this spring.
Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customers Aetna has agreed to settle a lawsuit that accused the health insurer of discriminating against LGBTQ+ customers in need of fertility treatment.
SOUTHWEST FLORIDA WINK Neighborhood Watch: Robbery, Pawn Shops, and Child Porn This week’s segment of Wink Neighborhood Watch features an armed robber, fraud at a pawn shop, and possession of child pornography.
Southwest Florida The Weather Authority: Sun, clouds, humidity, rain – it’s all in your weekend forecast Saturday afternoon will be hot and humid, with a mix of sun and clouds.
LEHIGH ACRES Chaotic lake getting fence and security Now, with all the negative attention it has gotten, some think putting up a fence is a great way to keep that bad activity out.
FORT MYERS Caught on Camera: Firefighters respond to dumpster fire at FGCU San Carlos Park Fire District responded to a dumpster fire Sunday afternoon.
FORT MYERS FGCU students affected by Covid celebrate first commencement ceremony Graduation is a right of passage from school to the real world, but for these students, reality hit them in 2020.
PUNTA GORDA Motorcycle crash leaves 1 dead One person has died after a motorcycle crash in Charlotte County.
LEE COUNTY Lee Deputies work to track down transient sex offenders who fail to register WINK News Anchor Corey Lazar goes on patrol with Lee County Deputies in search of transient sex offenders who don’t register.
National Hurricane Preparedness Week: Know your risk Hurricane season starts on June 1st, but the National Oceanic and Atmospheric Administration has designated the week of May 5 through May 11 as National Hurricane Preparedness Week. Each day, Meteorologist Lauren Kreidler will be highlighting ways to stay prepared ahead of this year’s hurricane season.
Southwest Florida The Weather Authority: Stay alert – chance of showers and storms on Sunday Hot, humid, and more rain for parts of Southwest Florida on Sunday.
CAPE CORAL What we learned about Cape Coral’s water crisis after a ride along On Friday, WINK News got to ride along to see just what people are doing that could be wasting water.
The Weather Authority: A wet Saturday evening as storms move through Southwest Florida A rainy Saturday evening across much of southwest Florida.
FORT MYERS Lee Health Touch-A-Truck event educates families on Trauma Awareness On Saturday morning, sirens were ringing to celebrate Lee Health Trauma Center’s 30 years of service and to provide the public with trauma education and prevention methods.
SOUTHWEST FLORIDA (CBS) CDC says bird flu viruses “pose pandemic potential,” cites major knowledge gaps Bird flu continues to appear to pose a “low risk to the general public” for now, the Centers for Disease Control and Prevention says. But the agency’s scientists ran into roadblocks investigating a human case of this “pandemic potential” virus this year, they said in a new report.
DOWNTOWN FORT MYERS Bay Street Yard set to open in late May A new place to hang out in Downtown Fort Myers is opening this spring.
Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customers Aetna has agreed to settle a lawsuit that accused the health insurer of discriminating against LGBTQ+ customers in need of fertility treatment.
SOUTHWEST FLORIDA WINK Neighborhood Watch: Robbery, Pawn Shops, and Child Porn This week’s segment of Wink Neighborhood Watch features an armed robber, fraud at a pawn shop, and possession of child pornography.
Southwest Florida The Weather Authority: Sun, clouds, humidity, rain – it’s all in your weekend forecast Saturday afternoon will be hot and humid, with a mix of sun and clouds.
LEHIGH ACRES Chaotic lake getting fence and security Now, with all the negative attention it has gotten, some think putting up a fence is a great way to keep that bad activity out.
FILE – In this May 8, 2020, file photo, a J.C. Penney store sits closed in Roseville, Mich. The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. Penney said late Friday, May 15, 2020, it will be closing some stores and will be disclosing details and timing in the next few weeks. (AP Photo/Paul Sancya, File) The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. As part of its reorganization, the 118-year-old company said late Friday it will be shuttering some stores. It said the stores will close in phases throughout the Chapter 11 process and details of the first phase will be disclosed in the coming weeks. Penney is the biggest retailer to file for bankruptcy reorganization since the pandemic and joins luxury department store chain Neiman Marcus, J.Crew and Stage Stores. Plenty of other retailers are expected to follow as business shutdowns across the country have evaporated sales. In fact, U.S. retail sales tumbled by a record 16.4% from March to April. “The coronavirus pandemic has created unprecedented challenges for our families, our loved ones, our communities, and our country,” said Penney’s CEO Jill Soltau in a statement. “As a result, the American retail industry has experienced a profoundly different new reality, requiring J.C. Penney to make difficult decisions in running our business to protect the safety of our associates and customers and the future of our company. “ Many experts are skeptical about Penney’s survival even as it sheds its debt and shrinks the number of its stores. Its fashion and home offerings haven’t stood out for years. And moreover, its middle-to-low income customers have been the hardest hit by massive layoffs during the pandemic. Many of them will likely shop more at discounters — if they shop at all, analysts say. “This is a long, sad story,” said Ken Perkins, president of Retail Metrics, a retail research firm. “Penney offers no reason to shop there compared to its competitors, whether it’s Macy’s or T.J. Maxx or Walmart. How are they going to survive?” Penney said that it has $500 million in cash on hand and has received commitments of $900 million in financing to help it operate during the restructuring. It said that it will be looking at different options, including the sale of the company. The restructuring should reduce several billion dollars of its debt and provide more flexibility to navigate the financial fallout from the pandemic, Penney said. Like many department stores, Penney is struggling to remain relevant in an era when Americans are buying more online or from discounters. Sears has now been reduced to a couple hundred stores after being bought by hedge fund billionaire and its former chairman Eddie Lampert in bankruptcy in early 2019. Barneys New York closed its doors earlier this year and Bon-Ton Stores went out of business in 2018. The pandemic has just put department stores further in peril as they see their sales evaporate with extended closures. Even as retailers like Penney start to reopen in states like Texas and Florida that have relaxed their lock downs, they’re also facing Herculean challenges in making shoppers feel comfortable to be in public spaces. In fact, Green Street Advisors, a real estate research firm, predicted in a report last month that more than 50% of all mall-based department stores will close by the end of 2021. It expects that Penney will eventually liquidate its business, noting that a smaller company won’t solve its main problems. Like Sears, J.C. Penney’s troubles were years in the making, marking a slow decline from its glory days during the 1960s through 1980s when it became a key shopping destination at malls for families. The company’s roots began in 1902 when James Cash Penney started a dry good store in Kemmerer, Wyoming. The retailer had focused its stores in downtown areas but expanded into suburban shopping malls as they became more popular starting in the 1960s. With that expansion, Penney added appliances, hair salons and portrait studios. But since the late 1990s, Penney struggled with weak sales and heavier competition from discounters and specialty chains that were squeezing its business from both ends. Penney’s began flirting with bankruptcy nearly a decade ago when a disastrous reinvention plan spearheaded by then CEO Ron Johnson caused sales to go into free fall. Johnson drastically cut promotions and brought in hip brands that turned off loyal shoppers. As a result, sales dropped from $17. 3 billion during the fiscal year that ended in early 2012 to $13 billion a year later. Many longtime customers walked away and have not returned. Johnson was fired in April 2013 after just 17 months on the job. Since then, Penney’s has undergone a series of management changes, each employing different strategies that failed to revive sales. The company based in Plano, Texas, has suffered five straight years of declining sales, which now hover around $11.2 billion. Its shares are trading at less than 20 cents, down from $1.26 a year ago, and from its all-time peak of $81 in 2006. Soltau has acted swiftly since joining the company in October 2018. She jettisoned from stores major appliances that were weighing down operating profits. That reversed the strategy of her predecessor, Marvin Ellison, who brought appliances to the showroom floor after a 30-year absence in an attempt to capitalize on the troubles of ailing Sears. Soltau turned the company’s focus back to women’s clothing and goods for the home like towels and bed sheets, which carry higher profit margins. Furniture is still available, but only online. Still, sales and profits have remained weak. For the fiscal fourth quarter ended Feb. 1, sales at stores opened at least a year dropped 4.7 adjusted for the exit of appliances. Profits were down 64%.