ALVA Woodpeckers build home in Alva woman’s house You may have heard of squatters, but this woman is dealing with squawkers. Who needs a rooster to wake up when you have woodpeckers?
FORT MYERS Man claims he was trapped in a high-rise for 5 days A 77-year-old man wants justice after he claims he spent days trapped on the 24th floor of a high-rise apartment building.
PUNTA GORDA Charlotte Correctional prisoner arrested for death of another inmate State Attorney Amira Fox convened a grand jury, which decided to move forward with a case against a Charlotte Correctional inmate.
SANIBEL Construction near Dairy Queen eagle nest on Sanibel raises concerns While many eagle nests may be a bit difficult to see, one nest has always been a favorite for Sanibel residents and tourists.
The environmental effects of artificial sweeteners Experts are studying how the foods we eat affect the environment, especially after we flush our waste down the toilet.
Victim reacts to man exposing himself to her Ring camera You get a notification on your phone from your ring camera app that someone is at the door, only to find out it is someone exposing themselves. It’s the last thing victim Maria Kivi wanted or expected to see last week.
LEE COUNTY The art of capturing your eye and drawing you in How do you capture young, hip, trendy, fun, movers and shakers, all in a pose? We take you behind the scenes of a Gulfshore Life cover shoot.
FORT MYERS The lives of two SJC Boxers changed in the ring Two SJC Boxers, Mario Nunez and Arbon Kurtishi, help each other in the ring as each of them had their lives changed because of boxing.
FORT MYERS Chlamydia cases rising sharply in Lee County If you think about a crowded space- something with more than 250 people- if it’s in Lee county, statistically one person has chlamydia.
SANIBEL Sanibel resort day passes hope to get more business on the island A pass will allow vacationers to hang out at a Sanibel beach club for a day in hopes of drumming up some business.
Voting equipment tested ahead of Lee County elections Voting equipment is being tested in Lee County. This is to ensure all ballots are printed and counted correctly for the upcoming election.
Collier County teen assaulted after leaving party The teen has been charged and the sheriff’s office said they’re aware that many believe felony charges are in order, but under Florida law, there are very specific criteria that must be met for felony charges to be filed.
WINK weather team watching tropical wave over Atlantic Ocean The Weather Authority is watching a tropical disturbance over the Central Atlantic Ocean.
CAPE CORAL Cape Coral drug bust leads investigators to fake fentanyl, cash and guns Cape Coral man arrest on drug charges. Investigators said they found, guns, drugs, and more than $32,000 in Richard Riley’s home.
NAPLES Naples youth flag football team to compete in Ohio tournament This weekend, the Naples Lunatics Green will compete in the Superhero Sports tournament in Canton, Ohio.
ALVA Woodpeckers build home in Alva woman’s house You may have heard of squatters, but this woman is dealing with squawkers. Who needs a rooster to wake up when you have woodpeckers?
FORT MYERS Man claims he was trapped in a high-rise for 5 days A 77-year-old man wants justice after he claims he spent days trapped on the 24th floor of a high-rise apartment building.
PUNTA GORDA Charlotte Correctional prisoner arrested for death of another inmate State Attorney Amira Fox convened a grand jury, which decided to move forward with a case against a Charlotte Correctional inmate.
SANIBEL Construction near Dairy Queen eagle nest on Sanibel raises concerns While many eagle nests may be a bit difficult to see, one nest has always been a favorite for Sanibel residents and tourists.
The environmental effects of artificial sweeteners Experts are studying how the foods we eat affect the environment, especially after we flush our waste down the toilet.
Victim reacts to man exposing himself to her Ring camera You get a notification on your phone from your ring camera app that someone is at the door, only to find out it is someone exposing themselves. It’s the last thing victim Maria Kivi wanted or expected to see last week.
LEE COUNTY The art of capturing your eye and drawing you in How do you capture young, hip, trendy, fun, movers and shakers, all in a pose? We take you behind the scenes of a Gulfshore Life cover shoot.
FORT MYERS The lives of two SJC Boxers changed in the ring Two SJC Boxers, Mario Nunez and Arbon Kurtishi, help each other in the ring as each of them had their lives changed because of boxing.
FORT MYERS Chlamydia cases rising sharply in Lee County If you think about a crowded space- something with more than 250 people- if it’s in Lee county, statistically one person has chlamydia.
SANIBEL Sanibel resort day passes hope to get more business on the island A pass will allow vacationers to hang out at a Sanibel beach club for a day in hopes of drumming up some business.
Voting equipment tested ahead of Lee County elections Voting equipment is being tested in Lee County. This is to ensure all ballots are printed and counted correctly for the upcoming election.
Collier County teen assaulted after leaving party The teen has been charged and the sheriff’s office said they’re aware that many believe felony charges are in order, but under Florida law, there are very specific criteria that must be met for felony charges to be filed.
WINK weather team watching tropical wave over Atlantic Ocean The Weather Authority is watching a tropical disturbance over the Central Atlantic Ocean.
CAPE CORAL Cape Coral drug bust leads investigators to fake fentanyl, cash and guns Cape Coral man arrest on drug charges. Investigators said they found, guns, drugs, and more than $32,000 in Richard Riley’s home.
NAPLES Naples youth flag football team to compete in Ohio tournament This weekend, the Naples Lunatics Green will compete in the Superhero Sports tournament in Canton, Ohio.
ORLANDO, FLORIDA, UNITED STATES – 2020/05/15: A JC Penney store that was temporarily closed due to the COVID-19 pandemic is seen on the day the company filed for bankruptcy protection and announced it would be closing some of its 800 stores amid the coronavirus crisis and ongoing debt problems. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images) JCPenney’s financial situation in the months leading up to its bankruptcy filing was much worse than originally thought. The company Tuesday reported an operating loss of $477 million in the three months ending May 2. That’s much larger than the $93 million operating loss in the same period a year earlier — and 40% more than the company warned investors it expected to report just three weeks ago, when it released preliminary results. Much of the difference in the size of the actual loss from the earlier estimate is due to an impairment charge on the value of JCPenney’s business. The good news for JCPenney is that taking such a charge won’t cost it any cash at the time it needs to conserve as much as possible. The bad news is the business itself, such as the value of its name, isn’t worth as much, and that could limit its ability to raise the additional cash it needs. The company expects to stay in business but its ability to survive the bankruptcy process partly depends on whether it can limit losses and conserve cash. Many retailers that have entered bankruptcy expect to remain operational but ended up closing instead. Most recently that happened to Pier 1, but it was also the fate of Toys “R” Us and other retailers. JCPenney’s net loss in the quarter came to $546 million, up more than 250% from the year-earlier loss. Revenue fell 53%, roughly in line with its earlier forecast. The revenue plunge wasn’t surprising given that all 846 of the company’s stores were closed for half of the quarter because of health concerns and stay-at-home orders related to the Covid-19 pandemic. They didn’t start to reopen until May. As stores started reopening their doors, the losses continued to mount. On Friday JCPenney reported preliminary results for the month ending June 6 included an operating loss of another $60 million. JCPenney was regularly losing money before the Covid-19 pandemic. The company’s most recent profitable year was 2010, and its net losses have totaled $4.5 billion since then. Since the summer of 2011, it has reported a net profit in only five quarters, all of them in the holiday shopping season. The company has been unable to make money without that boost in sales. It reported a narrow profit in the fiscal fourth quarter that ended in February before the Covid-19 outbreak hit the United States, but earnings were down 64% from a year earlier. The company has started to hold store-closing sales at 149 stores. It plans to close about another 100 stores by the end of next year. Those 250 stores would represent about 30% of the stores it had before the crisis.