A massive mall will now temporarily shut down in days for a rather strange and rare celestial event, the company revealed.
Destiny USA’s closure will enable employees to enjoy the total solar eclipse on April 8 in a rare celestial event.
Destiny USA said it was “excited” to announce the 30-minute closure of its New York shopping center on April 8 from 3 to 3.30pm.
“This closure will provide a once-in-a-lifetime opportunity for our dedicated employees to enjoy the rare celestial event,” said Alannah Gallagher, director of marketing.
“We appreciate everything our hardworking employees do to make Destiny USA the vibrant community hub that it is.
“And we look forward to experiencing this unforgettable event together.
“Eclipses have a special power,” said Nasa administrator Bill Nelson.
“They move people to feel a kind of reverence for the beauty of our universe.”
Excitement has been building for next Monday’s solar eclipse.
The moon will blot out the sun for millions of people in North America along a path crossing from Mexico into the United States and then Canada, reports The US Sun.
“US communities along the path of the eclipse have been busy preparing for this year’s largest and most impressive astronomic event.”
Destiny USA has joined in the fun, offering shoppers free eclipse glasses to safely observe the phenomenon.
“Prepare to be mesmerized as the moon gracefully passes between the Earth and the sun, casting its shadow over our city in a breathtaking total solar eclipse.
In the area of Syracuse, observers can expect about one minute and 24 seconds of totality,” it said.
The retailer said that in Syracuse, New York, the start of the partial eclipse is expected to be seen at 2:09 pm.
The start of the total eclipse is predicted to hit at 3:23 pm, ending about a minute later.
An estimated 32 million people live inside the “path of totality” -under which the moon will fully block the sun.
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Other Economy News Today
A massive mall retailer is now discussing bankruptcy with its lenders after its debt ballooned to a whopping $274 million.
Popular mall retailer Express has been talking to lenders about raising the cash it would need for a Chapter 11 bankruptcy, according to a report from Bloomberg.
The company could file for bankruptcy as soon as next week, but no final decision has been made, reports TheStreet.
At the close of its third quarter, the retailer had cash and cash equivalents of $34.6 million and $274 million in debt.
That was a $40 million increase in debt over a year.
Despite the company’s cash position and debt, Rapid Ratings, which tracks the financial health of public companies, sees Express as being in a relatively good position.
“Express Inc. demonstrates adequate performance in leverage and earnings performance but some weakness in liquidity.
Although mixed, this performance is sufficient for the company to be assigned a Low-Risk rating,” the website reported.
However, the rating service did issue a warning.
“This period includes an abnormal item.
When the rating for this period is simulated with the abnormal item excluded, the company’s health is significantly worse suggesting the line item is having a meaningful effect on the rating for this period,” according to the service.
Express leadership issued the expected comments on its future in the news release on being delisted by the NYSE.
“Over the past several months, we have taken decisive steps to position Express for the long term, including implementing a series of cost-saving initiatives and streamlining our process to enhance operational efficiency,” Chief Executive Stewart Glendinning said.
“We remain focused on continuing to serve our customers and positioning our organization for the future.”
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