Kmart's Valencia store one of 28 to close

Kmart's Valencia store one of 28 to close

Nearly all of the stores, including the four in California, will close in mid-November, Sears Holdings Corp. said Thursday in tandem with the release of its second-quarter earnings. Excluding one-time charges, the retailer lost $1.16 a share.

The overall sales of same stores drop of 11.5% included a drop of 9.4% at Kmart locations and 13.2% at Sears locations.

Sears said Thursday that it was closing another 28 Kmart stores in addition to 180 previously announced closures this year.

Star Wars 'Force Friday II' to unveil new 'Last Jedi' character
You can take photos or even short videos interacting with the characters, and even Admiral Ackbar is already discoverable. Collecting the characters will also unlock digital goodies, including video clips and character-based Emoji.

Questions over Sears' future have mounted this year, particularly after the company noted in a securities filing that historical operating results indicate "substantial doubt" about its ability to stay afloat.

The company said they will notify employees later today and will announce which stores will be closed this afternoon.

The bleeding at Sears Holdings (shld) shows no signs of stopping. By the end of the second quarter, Sears Holdings had almost 900 leased and more than 350 owned stores.

Iraqis flee ISIS-held town as troops push to outskirts
Dunford, chairman of the Joint Chiefs of Staff , for how to implement the strategy that President Trump announced Monday night. "ISIS is on the run", Mattis said after meeting with Prime Minister Haider al-Abadi and other Iraqi government leaders.

Sears announced back in July that it will be working with Amazon to sell Kenmore products and believe this will be a growth opportunity for the company.

"The company's sales dropped from "softness in store traffic and elevated price competition in the retail industry", chief financial officer Rob Riecker explained in the retailer's scripted and pre-recorded quarterly conference call [PDF]".

Sears, controlled by billionaire investor Eddie Lampert, said it earned $460 million in cash from real estate deals in the second quarter.

President Trump to outline Afghanistan strategy in primetime address
Mr Tankel said outsourcing the battle in Afghanistan was the "worst of all options" open to the Trump administration. The White House said Friday that Trump was "studying and considering his options" for a new approach to the regions.

"Progress of Sears' cost saving initiatives. must ultimately be met with stabilization in sales trends", Moody's Vice President and Senior Analyst Christina Boni said in comments emailed to Retail Dive. The list of store closings includes a location in Belleville, one of four in the St. Louis area.

Related Articles

  • Jaguars Still Undecided On Starting QB

    Jaguars Still Undecided On Starting QB

    Marrone's decision to start Henne starts the process of figuring out Bortles' future with the Jaguars ... if he has one. There were times last season that he had plenty time to plant and make a solid throw. "It gets blown up either way".

    Players React to the Kyrie Irving Trade

    So yeah, this megatrade revived the offseason for now, but if we look into the near future, does Boston really come out on top? In the past two NBA Finals, Irving has averaged 27.1 points per game in the 2016 Finals and 29.4 in this past season's Finals .
    Huddersfield beats Newcastle to make it two in two

    Huddersfield beats Newcastle to make it two in two

    They hung with Tottenham for the first half, but Jonjo Shelvey picked up a red card three minutes after the restart. Huddersfield will be still on a massive high but can come crashing down here with an early goal to Newcastle.
  • Samsung Galaxy Note 8 facing challenges on multiple fronts

    Samsung Galaxy Note 8 facing challenges on multiple fronts

    Note 8 has adopted the modern dual camera trend (12 megapixels), which promises excellent low-light and great portrait shots. He follows it up with the actual launch event as Samsung's SVP for Product Strategy, Justin Denison takes the stage.
    The secrets to winning golf's Solheim Cup

    The secrets to winning golf's Solheim Cup

    She secured Europe's first win on U.S. soil in the latter in Denver. "I said this was a one-time thing for me", she said. With the chance to halve the match, Hall missed her final putt that saw Creamer clinch a valuable point for the USA.
    Big Ben silenced: Britain's bong furore is a sign of national insecurity

    Big Ben silenced: Britain's bong furore is a sign of national insecurity

    The last bong before the refurbishment will be at midday (6pm Thai time) on Monday (Aug 21), the statement said. As Big Ben is silenced for up to four years today, MPs are set to gather outside Parliament with "heads bowed".
  • Cape Cod Shark Bites Paddleboard, Shuts Beach Temporarily

    Cape Cod Shark Bites Paddleboard, Shuts Beach Temporarily

    The attack happened near two surfers, prompting beach-goers to panic, thinking a person had been attacked. The last fatal shark attack in MA was in 1936, according to state marine biologist Greg Skomal.
    The Great Eclipse forecast

    The Great Eclipse forecast

    For many, though, cloud cover threatens to ruin ideal views of the moon crossing completely in front of the sun. Looks at the sky may be more possible closer to the Interstate 80 corridor and north, the weather service said.
    Android Oreo released by Google

    Android Oreo released by Google

    This will allow for things like watching a YouTube video or receiving a video call while sending an email or text message. Less than an hour ago , Google formally took the veil off of Android 8.0 Oreo stating that OTAs would be hitting "soon".
  • Poll finds 64 percent of Michiganders 'embarrassed' by Donald Trump

    Poll finds 64 percent of Michiganders 'embarrassed' by Donald Trump

    Trump's support also appeared to be slipping among key demographic groups that helped deliver him the three crucial states. About one in four said Trump made them proud, according to the poll.
    Dragon Ball FighterZ Closed Beta Dated for September, Pre-Order Bonuses Revealed

    Dragon Ball FighterZ Closed Beta Dated for September, Pre-Order Bonuses Revealed

    If you like to pre-order your games and want the collector's edition of Dragon Ball FighterZ , there's good news for you. Every time Dragon Ball FighterZ gets a new gameplay trailer, we find ourselves gawking at it like children.
    RIP: King of Comedy Jerry Lewis Dies at 91 Years Old

    RIP: King of Comedy Jerry Lewis Dies at 91 Years Old

    The comedian and film-maker died on Sunday morning of natural causes, in Las Vegas , with his family by his side. Even when Lewis' national prominence waned in the last few decades, he continued to work regularly.