Steep third-quarter losses drove Sears Holding Corp.’s stock down 19.1 percent to $47.32 by 1:00 p.m. today on Wall Street, where the general sentiment toward retailers was more bullish.
Late Thursday, Sears said its net losses for the three months totaled $498 million, although adjusted losses before interest, taxes, depreciation and amortization narrowed versus a year ago to $156 million. After losing market share for years, Sears is trying to reinvent itself, focusing on the Shop Your Way membership program that spans that bridges the Web and the firm’s stores. More than half of Sears and Kmart’s revenues come from Shop Your Way members.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)