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Levin Management specializes in representing mall landlords in retail store dispositions, and worked on such deals as the A&P and Pathmark bankruptcy proceedings. Harding explained how landlords benefit from the Bebe Stores mall exit—and whether other retailers can replicate that strategy in the future. NREI: The fashion segment has been particularly hard hit by the transformation in ways that consumers shop for clothes. Was the Bebe Stores store liquidation expected? Matthew Harding: It was not unexpected. The fashion industry has changed; it has accelerated with the onset of some fast fashion retailers—specifically H&M and Zara that are able to get current runway looks to the stores very quickly. It has become adaptive to finding out what consumers want and getting it to the stores right away. If you did not keep pace with that, it becomes much more difficult. It has become more competitive and a retailer cannot rest on its laurels or brand and feel that that will carry them along. We’ve seen a lot of fashion chains close over the last 10 years.
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Tim Nilson, the owner of GetFPV.com, a Gillespie Park-based online drone racing supplier, said that on Feb. 2 he became aware his company was missing approximately $33,934.30 of unaccounted inventory, according to court documents. The online store specializes in unique drone equipment and carries products only a few companies in the United States stock. An internet search discovered that an eBay store belonging to a Sarasota-based pawnbroker was re-selling the products on its eBay store, court documents said. The products included FatShark Goggles which offer the drone flyer a cinematic first person view of their drone's high-speed race — sometimes through caves. Sarasota Police detectives performed a pawn search that revealed that Board, who worked for the company as an inventory manager, had sold the parts to the pawn shop. A detective escorted Nilson to the pawn shop where he confirmed he was the rightful owner of three Fatshark video systems the store had in its inventory. Pawn search queries found that Board made more than 60 transactions involving GetFPV.com products in Manatee County and 18 pawns in Sarasota County, court documents said. The products were identified through unique brand names, packaging and serial numbers.
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Pakistan scrambles to protect China's 'Silk Road' pioneers World News | Sun Jun 11, 2017 | 7:10am EDT Pakistan scrambles to protect China's 'Silk Road' pioneers A soldier stands guard near the site where two Chinese language teachers were kidnapped by unidentified gunmen, in Quetta, Pakistan May 24, 2017. REUTERS/Naseer Ahmed By Drazen Jorgic and Jibran Ahmad | ISLAMABAD/PESHAWAR, Pakistan ISLAMABAD/PESHAWAR, Pakistan Chastened by the Islamic State's claim to have killed two kidnapped Chinese teachers, Pakistan is beefing up security around Chinese citizens streaming into the country on the back of Beijing's "Belt and Road" infrastructure splurge. China has often urged Pakistan to improve security after pledging around $57 billion to build power plants, railways, and roads that will cross the Himalayas to connect western China with Pakistan's Arabian Sea port of Gwadar. Pakistani officials have outlined to Reuters extensive security plans that include thousands-strong police protection forces, tighter monitoring of Chinese nationals, and in the province of Baluchistan - where the two teachers were kidnapped on May 24 - a review of security arrangements. The protection forces will buttress a 15,000-strong army division set up specifically to safeguard projects in the China-Pakistan Economic Corridor (CPEC) initiative, which has been credited with rejuvenating Pakistan's $300 billion economy. "We are already alert, but this incident has made us extra vigilant over Chinese security," said Amin Yousafzai, deputy inspector general of police for the southern province of Sindh, which is home to about 50 million people. Sindh is raising a protection unit of about 2,600 police officers to help safeguard 4,000 Chinese working on CPEC projects, and another 1,000 working in other businesses. Khyber Pakhtunkhwa province, which signed billions of dollars in contracts with Chinese companies, is also conducting a census of Chinese nationals and raising a force of about 4,200 officers to protect foreigners. Baluchistan would "review the whole security arrangement" and Chinese nationals who come in a private capacity should inform the authorities about their activities, said Anwaar-ul-Haq Kakar, spokesman for the provincial government. The number of militant attacks in Pakistan has fallen sharply in recent years, but violent Islamist groups still pose a threat, and in Baluchistan separatists opposed to CPEC also carry out attacks. The Islamic State killings were a rare attack on Chinese nationals in Pakistan, but the incident has unnerved Islamabad and the growing Chinese community.