Thursday’s Morning Buzz: Toys R’ Us Closing All 735 Stores, Snoop Dogg’s Cannibis Firm Raises $45 Million, and More
Approximately 31,000 jobs will be lost with the closure of Toys R' Us.
Top stories for March 15, 2018 include Toys R’ Us closing all of its stores, Snoop Dogg’s cannabis firm raising $45 million and more.
Toys R’ Us is Closing All of Its Stores
Toy retailer Toys R’ Us is shuttering all 735 of its stores. The closure means about 31,000 will lose their jobs. Founded in 1948, Toys R’ Us had been struggling in recent years as it tried to compete with big box retailers like Walmart and online distributors like Amazon. Toys R’ Us had not turned a profit since 2012.
Snoop Dogg’s Cannabis Firm Raises $45 Million
Rapper Snoop Dogg has branched out into several different arenas over the years, but perhaps the most interesting addition to this always growing list is that he’s co-founder of Casa Verde Capital, an ancillary cannabis industry venture firm that was started in 2015 but just recently closed its debut fund with $45 million. The fund was created to invest in cannabis startups like the “Green House” company, which was co-founded by Ted Chung and Evan Eneman, two executives from the talent agency Stampede Management.
Study says no heterosexual man or woman is ‘100% straight’
A new study by a lead researcher at Cornell University is adding even more spice to our gendered norms, by asserting that no heterosexual person is solely turned on by the opposite sex. The study asserts that most people get aroused by both genders.
GirlTrek Helps Black Women Battle the Obesity Epidemic by Invoking the Spirit of Harriet Tubman
It was no easy feat, but last Saturday, 10 Black women walked the path of Harriet Tubman’s first great escape along the eastern shore of Maryland. Their goal was to bring more attention to health disparities that continue to adversely affect Black women and girls. They travelled 100 miles in five days.
North Carolina 16-Year-Old was the only Student at his High School Participating in #NationalSchoolWalkOut Day
Justin Blackman, a 16-year-old student at Wilson Preparatory Academy in Wilson, NC, was the only person out of 700 students to participate in #NationalWalkOut Day. The teen stood outside by himself for 17 minutes to commemorate the 17 lives lost in the Parkland, FL high school shooting last month. He uploaded a brief video to Twitter noting that he walked out for those who could not.