Pay less? The popular shoe retailer wished it could when it filed for Chapter 11 bankruptcy in 2016, but the bills had to be paid somehow, and so it had no choice. The impact of the bankruptcy process was huge and involved the loss of over six hundred Payless stores across the country, along with the jobs of thousands of staff who worked in them. It was painful, but it seemed to work. In August 2017 Payless emerged from bankruptcy, restructured and alive.
Commercial credit rating providers S&P still aren't impressed though. Despite the bankruptcy process being over, there's still a fear that Payless will default on its commercial obligations. There are still 3,500 Payless stores still open, which is a lot of resourcing to maintain if the company isn't making enough money to do it. New CEO Paul Jones is more bullish, recently stating that the balance sheet is strengthening and the remaining debts have been restructured.
Over the years, weve seen so many food trends come and go, such as ramen burgers, matcha, and spiked ice-cream. Nowadays, were seeing another trend making waves in the food industry. How many times today have you seen an Instagram photo of a scoop of black ice cream, or a cup of black yogurt, or hamburgers with black buns? Indeed, the charcoal trend has taken the world by storm.
So, what gives your latte that deep black shade? Activated charcoal, or coconut ash, is produced by heating coconut shells to insanely high temperatures until theyre burnt to a crisp. The ashes are then increased in size by steaming at high temperatures. Through this process, the ashes become a strong detoxifier, mostly because they become extra absorbent. This product may be purchased in pill form, and promises to alleviate hangovers, minimize the effects of food poisoning, and fight the visible signs of aging.
Activated charcoal is said to boost ones energy as a result of decreasing toxins in the body. However, no evidence proves that detoxifying can lead to increased energy. Also, while it can help cure a hangover, it doesnt necessarily remove alcohol from your blood. It is also said to aid in debloating your stomach because it cleanses your colon but again, this all anecdotal and isnt supported by scientific evidence as of yet. All we can say for sure is that it is a proven detoxifier.