Tag: Business closures

RIP Beverly Hills: Video shows high-end retail stores now shuttered amid LA crime wave

Beverly Hills is becoming a ghost town, as high-end retail stores exit the once-luxurious Los Angeles city amid a spate of high-end smash and grab gang robbberies.

Videos posted on Tik ToK by self-proclaimed “Nostalgic Angelino” cody90210 show off more than a dozen Beverly Hills retailers and restaurants now completely shuttered and not replaced by new businesses, leaving their empty storefronts as a shell of their former glory.

Some of the businesses include luxury staples like Barneys New York and Escada, with the once-popular brands having filed for bankruptcy in recent years.

Other big name stores now lying empty include former locations for Chanel, Rite Aid, Barnes and Noble, Niketown, and restaurants like Chipotle and Starbucks.

The Chanel on N Robertson Blvd, in Beverly Hills, shutdown following two burglaries last year, with the building still shuttered.
@cody90210/Tiktok
The former Escada store on Wilshire Boulevard is also vacant after the company filed for bankruptcy last year.
Google Maps

The barren stores stand in stark contrast with the city’s reputation for glamor and opulence, and as a place where celebrities, fashionistas and business moguls are regularly photographed by paparazzi.

Despite the many shuttered stores, other businesses have managed to stave off ruin, with places like Saks Fifth, Hermes and Gucci earning a spot in the TikTok account’s “Best of Beverly Hills” compilation.

Stores that survived the economic woes during the pandemic, however, are now contending with a surge in crime that has forced Southern California law enforcement agencies to create a task force solely focused on retail crime.

Source:https://nypost.com/2023/09/05/beverly-hills-boutiques-and-high-end-stores-shuttered/

Super Typhoon Saola: Hong Kong comes to a standstill; businesses, schools, stock exchange shut

Residents walk past a shopping centre with its glass doors taped as a precaution against the approaching Super Typhoon Saola, early in the morning, in Hong Kong, on Friday, Sept. 1, 2023. The Hong Kong Observatory raised a No. 8 typhoon signal, the third-highest warning under the city’s weather system, early Friday, and schools are suspended. (AP Photo/Daniel Ceng) (AP Photo/Daniel Ceng)

Super Typhoon Saola is poised to strike Hong Kong with its formidable force, as authorities have elevated the strong wind signal to No.8, prompting the closure of schools, businesses, and even the stock exchange.

This impending natural juggernaut, boasting wind speeds exceeding 200 kmph, is predicted to chart a course towards eastern Guangdong, the adjacent Chinese mainland province.

The impending typhoon has triggered the issuance of the highest typhoon alert by Chinese authorities, marking the potential for one of the most potent typhoons to hit Guangdong since 1949.

The Hong Kong Weather Observatory anticipates that Saola will pass within 100 km of the city on Friday (September 1) night and Saturday ((September 2) morning, ushering in a swift deterioration of weather conditions. With this in mind, there is a likelihood that higher cyclone warning signals may be deemed necessary as the day progresses.

Hong Kong’s typhoon warning system employs a five-tier scale, with rankings of 1, 3, 8, 9, and 10 indicating the strength of the hurricane signal. In preparation for Saola’s arrival, all schools will be closed on Friday, causing disruption to the start of the term for many students.

Citizens have flocked to fresh food markets and supermarkets in anticipation of the typhoon’s arrival, leading to depleted stocks of vegetables and long queues at supermarkets. As the city braces itself, the Hong Kong Observatory has projected heavy rainfall and fierce winds. The water level within the city is expected to surge considerably until Saturday, raising concerns about potential flooding.

Cathay Pacific, Hong Kong’s flagship airline, has cancelled all flights between 2 pm on Friday and 10 am on Saturday, with the possibility of further disruptions contingent on the typhoon’s trajectory on Saturday morning.

Source: https://www.livemint.com/news/world/super-typhoon-saola-hong-kong-comes-to-a-standstill-businesses-schools-stock-exchange-shut-11693529137603.html

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