Southbury Kmart to close

Sears posts second-quarter loss on fewer store visits

Sears posts second-quarter loss on fewer store visits

Excluding one-time charges, the retailer lost $1.16 a share. Revenue dipped to $4.37 billion from $5.66 billion, in part because of all the store closings. Sears' comparable store sales fell 11.5% in Q2 - a steep drop-off from the prior-year Q2's decline of 6.8%.

The last Kmart in Mesa will be among the 28 stores going out of business in the next few months, parent company Sears announced Thursday. During the 2017 fiscal year Sears announced a plan to close down a 180 stores and an additional 150 by the end of the third quarter.

Sears Holdings Corp. announced Thursday it will close the Kmart store on Garfield Avenue in Cranston by mid-November, one of 28 Kmarts nationwide the struggling retailer will shutter in its latest round of closings. Sears comparable sales alone declined 13.2 percent.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Sears Holdings wasn't one of them!

Verizon to start throttling video streaming to as low as 480p tomorrow
The largest U.S. carrier is trying to justify this by saying that more than 96 percent of its users have never watched a 4K video. Go Unlimited includes unlimited LTE data, but with a giant catch: Verizon can throttle you whenever the network is congested.

Earlier this year, the company sold its signature Craftsman brand for more than $900 million.

Sears is afflicted with the same ills as retail peers Macy's and J.C. Penney, as falling foot traffic at malls and the migration to e-commerce devastates the retail industry. Sears Holdings' net loss was smaller than the analyst average estimate $2.48 net loss published by MarketBeat.

"The comprehensive restructuring of our operations is delivering cost efficiencies and helping drive improvements to our operating performance", Lampert said.

The Kmart store located at 16968 Main St., in Hesperia is expected to slash its prices beginning August 31st as they begin to liquidate their inventory.

Recommended News

  • N.Korea's Kim Jong-Un Is 'Starting To Respect US'

    N.Korea's Kim Jong-Un Is 'Starting To Respect US'

    North Korea has conducted two nuclear tests and dozens of missile tests since the beginning of previous year , including ICBM tests.
    Powerball jackpot now at an estimated $700 million!

    Powerball jackpot now at an estimated $700 million!

    If you didn't win the Powerball jackpot this past weekend, there's still time for you to win one of the biggest jackpots ever. In all states, users can use the Lottery.com app to scan and track their physical tickets, and get notified when they've won.
    Tal Afar offensive displacing thousands

    Tal Afar offensive displacing thousands

    Between 1,500 and 2,000 militants and their families are estimated in Tal Afar, Brig.Gen. Shiite militiamen sat out the operation to retake the mostly Sunni city of Mosul.
  • Ashwani Lohani is new Railway Board chairman

    Ashwani Lohani is new Railway Board chairman

    He was scheduled to retire in 2018 and would have been the longest serving chairman of the Railway Board if he had continued. The Utkal Express accident was the result of the train derailing as it sped past a station where the tracks were under fix .
    Trump's campaign rally in Arizona survives Charlottesville fallout

    Trump's campaign rally in Arizona survives Charlottesville fallout

    Adults can carry handguns and rifle in the open as well as have concealed weapons, with no requirement for a permit. And if nothing else, Williams said a buffer zone makes sense for other reasons.
    Triple talaq struck down

    Triple talaq struck down

    So, the Muslim Personal Law Board opposed court intervention by arguing that the court must keep out of the faith matters. Until today, triple talaq was considered a legal avenue for the country's almost 180 million Muslims to end marriages.
  • Up to 14 people missing after landslide in eastern Switzerland

    Up to 14 people missing after landslide in eastern Switzerland

    German, Austrian and Swiss citizens are among those missing, Graubünden cantonal police said in a statement . The slide area is over 5km (3 miles) long and is "tens of metres" high in places, police said.
    Taylor Swift to release new music on Friday

    Taylor Swift to release new music on Friday

    Sources also told the magazine that Swift may even be making an appearance at the 2017 MTV Music Video Awards on Sunday, Aug. 27. She was back in the headlines this month as she testified in a trial against a former radio DJ who she says groped her in 2013.
    Ferrari has unleashed the new Portofino convertible - its most affordable sports auto

    Ferrari has unleashed the new Portofino convertible - its most affordable sports auto

    A new wind deflector helps cut air flow inside the cabin by up to 30% for increased comfort when driving with the top down. Engineering improvements like the one-piece-cast exhaust header eliminate turbo lag providing optimal torque in every gear.
  • Walmart and Google team up for voice shopping

    Walmart and Google team up for voice shopping

    Google Express was launched a few years back but lately it's been upping its game in order to compete on a level playing field. Just this Monday, Wal-Mart announced an expansion of their partnership with Uber to deliver groceries in Dallas and Orlando.
    Malia Obama arrives at Harvard University

    Malia Obama arrives at Harvard University

    So it went as the most famous member of the Class of 2021 returned to school Monday after a gap year . Past year the former president told People the advice he gave his oldest daughter about college.
    'Injustice 2' Black Manta gameplay reveal and release date discovered

    'Injustice 2' Black Manta gameplay reveal and release date discovered

    Based on its previous releases, the developer always showcases the gameplay trailer of its DLC characters prior to its release. With the next Fighter Pack , we get a new super villain, a god of storms, and a half-demon.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.