Dozens of Kmart and Sears Stores to Close After Disastrous Holiday Season
If you’re a regular shopper at Kmart or Sears, you may soon have fewer places to spend your money — parent company Sears Holdings has said that in light of decreased holiday sales, it’ll close at least 100 stores in the coming months.
The company, one of the nation’s largest retailers, currently has more than 4,000 retail locations in the United States and Canada. It reported Tuesday that sales fell more than five percent in the eight weeks leading up to Christmas Day, a sharp contrast to reports stating the broader retail industry has enjoyed a robust holiday shopping season.
While the exact location of the store closings is still unknown, Burt Flickinger III, managing director of Strategic Resource Group, said he believes most will be Kmart stores outside of its home base in the northeast and Great Lakes region.
Sears Holdings CEO Lou D’Ambrosio said even more poorly-performing stores may be on the chopping block, adding, “While our past practice has been to keep marginally performing stores open while we worked to improve their performance, we no longer believe that to be the appropriate action in this environment.”
Investors reacted to the news as you might expect — in early trading, shares of Sears Holdings dropped nearly 19 percent to $37.56, which is roughly half what they were a year ago.
Major National Anthem Flub Before Hockey Game
May 22, 2013 11:55 PM The national Anthem is one of the toughest songs to sing that there is. There have been some great versions and some really bad versions over the years - Rosanne - just sayin'. We had some great versions at the Ford Center during the recent Icemen season and just the other night, a little boy did a killer version of the anthem before the Otters game at Bosse Field that was awesome... but sometimes.
How Do You Pronounce GIF? The Creator Says We’re All Wrong Because It’s Pronounced ‘JIF’
May 22, 2013 8:00 PM There are hundreds and thousands of formats in today's computer world, but the GIF format stands alone and was even named the "word of the year" in 2012. GIF stands for 'Graphic Interchange Format'...whatever the heck that means, but it has changed computer animation as we know it. It has always been pronounced with a hard "g", like gift and apparently, that is absolutely WRONG...who knew?
Tri-State Gives Moore Mediathon Raises $26,000 For Red Cross
May 22, 2013 6:30 PM A partnership between Eyewitness News, Townsquare Media, and the Evansville Courier and Press have made a big impact with the Red Cross. Wednesday from 6am-6pm, all the media outlets pooled their efforts to raise funds for victims of the Moore, OK tornado victims and with the help of Tri-State donors, we were able to raise $26,016 just in phone-in donations.
Be Prepared When a Tornado Strikes with New Red Cross Tornado App
The months of May and June bring welcome relief from the winter chill, but they also bring along an increased risk for severe weather in the Tri-State area, namely tornadoes.
Trace Adkins Accidentally Recorded an Album of Love Songs
'Love Will …' is the new collection of love songs from Trace Adkins. It's a project that makes complete sense, as few men in country music can match the singer's romantic baritone. Adkins says he didn't intend to make the project he ended up with, however.
Blake Shelton and Miranda Lambert Bring ‘Over You’ to ‘The Voice’ in Tribute to Oklahoma
Blake Shelton and Miranda Lambert brought their much-decorated ballad 'Over You,' which they penned together about the death of Shelton's brother, to 'The Voice' on Tuesday, performing the intimate and deeply personal song with a different purpose.
Jake Owen Split His Pants During Concert in South Carolina and You Won’t Believe What Happens Next
May 22, 2013 12:58 PM I gotta say, the tighter, the better, when it comes to Jake Owen and his jeans. He, unlike some artists, has a great butt. During a show in South Carolina, his fans got a quick peek at his sexy bum when his pants spit on stage.
OK for Oklahoma Live Broadcast Photos
May 22, 2013 9:54 AM Donating now to help the victims of the Oklahoma tornado now and check out our photos from this morning!
• Visit: Red Cross Office located 29 S. Stockwell Road to donate in person
• Call: (812) 471-7200 from 5am-65pm and a member of the phone bank can take your donation
• Click: redcross.org/tristat
Eric Church Is ‘In the Process’ for His Next Album
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Veteran Reporter Has Emotional Breakdown While Covering Oklahoma Tornado
Dozens of people including children were killed after a massive tornado tore a swath of destruction through an area outside Oklahoma City yesterday. In fact, it was such a terrible scene that local KFOR reporter Lance West broke down while reporting the news.