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Lastly, we view the ability to adapt to shifting consumer preference in distribution channels as a competitive advantage. The U.S. has more than double the retail square feet per capita of most other countries, and this doesn’t appear sustainable.

Department stores appear to face the biggest risks

Based on these emerging capabilities, apparel manufacturers, off-price retailers, and select specialty retailers are best positioned to hold their competitive advantage, while our department store coverage and general apparel retail universe is likely at biggest risk.

Department stores, for the most part, are being left behind as consumers embrace the ease and convenience of e-commerce. No-moat Macy’s—perhaps the poster child for the department store category—has had lower annual sales growth every year from 2011-2016, including negative growth the last three years.

It’s hard to see how the department stores’ prospects will improve as they compete head-on with online retailers like Amazon, often in the same categories and brands. We believe that Amazon, with its added convenience, is likely to continue its trajectory.

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Morningstar Investment Management LLC is a registered investment adviser and subsidiary of Morningstar, Inc. The Morningstar name and logo are registered marks of Morningstar, Inc. Opinions expressed are as of the date indicated; such opinions are subject to change without notice. Morningstar Investment Management and its affiliates shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions or their use. This commentary is for informational purposes only. The information data, analyses, and opinions presented herein do not constitute investment advice, are provided solely for informational purposes and therefore are not an offer to buy or sell a security. Before making any investment decision, please consider consulting a financial or tax professional regarding your unique situation. Investment research is produced and issued by Morningstar, Inc. or subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC, registered with and governed by the U.S. Securities and Exchange Commission.

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The Yankees, who own the best winning percentage in baseball, begin a three-game series with the Atlanta Braves, who have the best winning percentage in the National League, on Monday at 7:05 p.m. at Yankee Stadium.

Though the Yankees are in a tie for first place with the Red Sox atop the AL East, they have played four fewer games than Boston and have a winning percentage .008 points higher. ... New York's plus-111 run differential ranks third in baseball to the Red Sox (plus-119) and Houston Astros (plus-170). ... The Yankees own the No. 2 ERA among all baseball teams, while Atlanta's ranks 10th in the majors.

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The Yankees' newest prospect has a familiar last name, and the franchise hopes he has the stuff to boast, too.

New York signed 19-year-old Rafael Severino , the brother of Luis Severino , on Monday, and the Yankees ace had nothing but praise for his younger brother.

"He's a great pitcher," Luis said, according to panelled sneakers Black Just Cavalli 7JU8I6l
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The Yankees obviously feel Luis Severino is the leading contender for the A.L. Cy Young award, and they made that feeling known Monday on Twitter, laughing hysterically in emoji form at the other contenders.

Click below to see...

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When players of any sport travel on the road, they hear tons of chants from fans designed to get them off their game. They can be harsh, vile, and downright degrading.

And what Red Sox LHP David Price heard from Yankees fans on Sunday night during his dreadful start was the worst of them all.

Price had arguably his worst start of his career as the Yankees shelled him for eight runs on nine hits including five homers over 3.1 innings. And while Yankees fans enjoyed their team hitting one of the best left-handed pitchers in the game like batting practice, they added insult to injury by chanting, Brogues In Oxblood Red Redtape 3NGxTdbT3
at Price before his early exit.

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After a solid month at the plate, Yankees 3B Miguel Andujar was named the AL Rookie of the Month in June.

Andujar led all rookies in home runs (7) and extra-base hits (13) while also being tied for first in RBI (20) over 25 games in June. He hit .264 over the month as well.

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With just three days left to vote for the 2018 All-Star Game, Yankees OF Aaron Judge is the only pinstriped player FOOTWEAR Loafers Wexford JBGH83
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The deadly shooting in the Capital Gazette newsroom is a reminder of the potential dangers small-town reporters face daily on the job
by Ethan Sacks / / Updated
Jun.30.2018 02:27
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Tim Crews, publisher and editor of The Sacramento Valley Mirror, has fielded his share of death threats in the 27 years since he opened the newspaper. In April 2017, an unidentified reader left ahangman's noose at the door of his office in Willows, California — an implied threat that may be linked to a local murder investigation the paper was covering at the time.

The gesture was extreme enough to catch the attention of the international advocacy group Reporters Without Borders, but not enough to intimidate the 74-year-old journalist.

"If you go to jail in Glenn County, if you’re arrested, your name goes in the paper," Crews told NBC News on Friday. "We report every police call. We report every accident.

"We’re the paper of record here," he continued. "But not everyone wants to be in the paper of record."

So Crews says he was saddened, but not surprised, to have to write a Page 1 editorial about the mass shooting that left five journalists dead Thursday in Annapolis, Maryland , for the Saturday edition of his 2,960-circulation broadsheet.

"The only protection against a similar attack is me," Crews said of his newsroom, which houses a staff of four. "I have a .357, a 12-gauge shotgun, and a dog with good ears in my office."

While national political reporters can get deluged with a high volume of vitriolic threats on social media, local journalists are more vulnerable to actual violence, particularly when they cover demonstrations, according to the Committee to Protect Journalists.

"Most of the violence committed against journalists are not against the Washington press corps, they are against journalists working in the local communities," said Joel Simon, executive director of the Committee to Protect Journalists. "If someone has a beef with you, and you’re a local reporter, it can get ugly in a hurry, because you're accessible."

The suspected gunman in the Capital Gazette spree, Jarrod Ramos, seems to fit that profile. Authorities have said the 38-year-old nursed a grudge over a 2011 column that reported on his guilty plea to harassing a former high school classmate after reconnecting online.

In the aftermath of the shooting, journalists took to social media to mourn the loss of Gerald Fischman, Robert Hiassen, John McNamara, Rebecca Smith and Wendi Winters, and to swap their own stories of death threats they received:

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