Retail

All Dressbarn stores to close by early 2020

Dressbarn said it expects to have all its 650 stores closed in the first half of 2020. The women’s clothing chain announced earlier this week that it was shutting all its stores but had not given a timeline for the closures until Thursday. Dressbarn’s owner, Ascena Retail Group Inc., has said it wants to focus on its other brands, such as Ann Taylor and Lane Bryant. An executive said Dressbarn wasn’t profitable enough. Ascena said in a regulatory filing that it couldn’t yet determine how much Dressbarn’s closure would cost the Mahwah, N.J.-based company. Dressbarn, which has been selling women’s clothing for nearly 60 years, employs about 6,800 people.

Social media

Facebook removed billions of accounts

Facebook removed more than 3 billion fake accounts from October to March, twice as many as the previous six months, the company said Thursday. Nearly all of them were caught before they had a chance to become “active” users of the social network. In a new report, Facebook said it saw a “steep increase” in the creation of abusive, fake accounts. While most of these fake accounts were blocked “within minutes” of their creation, the company said this increase of “automated attacks” by bad actors meant not only that it caught more of the fake accounts, but that more of them slipped through the cracks. As a result, the company estimates that 5% of its 2.4 billion monthly active users are fake accounts, or about 119 million. This is up from an estimated 3% to 4% in the previous six-month report.

Travel

Theme-park attendance soars worldwide

Worldwide attendance at the 10 biggest operators of amusement parks increased 4% last year and crossed the half-billion-visitors mark for the first time. According to a report released this week by Themed Entertainment Association and the Economics Practice at AECOM, global attendance at water parks increased by 2.5%, and the top museums had relatively flat attendance last year. The report credits the adaptation of strong intellectual properties into new attractions. Walt Disney parks across the globe had more than 157 million visitors in 2018, more than double the next-closest theme-park company,

Innovation

Musk’s company to build Las Vegas tunnel

A company backed by tech billionaire Elon Musk has been awarded a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center. The board of directors of the Las Vegas Convention and Visitors Authority approved the contract with the Boring Company, the Musk-backed enterprise based in Hawthorne, Calif. People would be transported underground on self-driving electric vehicles from three types of Tesla Model X chassis.

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