Sears Holdings Corp.'s second-quarter earnings beat the Street as it benefitted from cost-saving initiatives. But it continued to struggle with weak traffic and declining sales, and added 28 more locations to its long list of store closings. Sears reported that its second-quarter loss narrowed to $251 million, or $2.34 per share, in the quarter ended July 29, helped by cost savings resulting from the streamlining of operations and store closings. Losses, adjusted for one-time gains and costs, came to $1.16 per share. Analysts had expected a loss of $2.48 per share. Revenue fell 23% to a better-than-expected $4.37 billion in the period. Same-store sales were down 11.5%, worse than the expected 7.1% decline. Click Read More below for more of the story.
Parade magazine, the supplement that has for 80 years run in newspapers nationwide, will publish its last print edition on November 6.
The family oriented magazine will now appear in digital editions only.
The news comes just months after The Arena Group acquired Parade’s parent, AMG/Parade, for $16.3 million.
The Arena Group announced the shift to digital in an email to newspapers that carry Parade.
more at: https://www.mediapost.com/publications/article/378049/parade-magazine-will-close-print-edition-in-nove.html