sears shutting down 150 of their sears and k-marts stores from coast to coast, anywhere there is a logo, and macy's is shutting down dozens of their department stores. tonight, abc's eva pilgrim is here with the reasons why. ♪ >> reporter: tonight, massive cutbacks for two of america's iconic department stores. sears part of the american fabric for decades. >> sears, where america shops. >> reporter: those holiday wish books, a family favorite. tonight, sears closing 150 stores, 108 of them k-marts. there will be layoffs, but the company not releasing those numbers. sears also selling their craftsman tool business for $900 million to help pay off mounting debt. macy's getting hit too, shutting 68 stores, 6,200 jobs gone. >> we're definitely going to see more stores close. this is really just the beginning. >> reporter: sears reporting holiday sales down 12% this year. while overall internet sales are booming. $91 billion in profits this season, up 11%. david, both sears and macy's reps say the savings from the upcoming cuts will go to help boost online sales. macy's is also planning to

sears part of the american fabric for decades. >> sears, where america shops. >> reporter: those holidayish books, a family favorite. tonight, sears closing 150 stores, 108 of them k-marts. there will be layoffs, but the company's not releasing those numbers. sears also selling their craftsman tool business for $900 million to help pay off mounting debt. macy's getting hit too, shutting 68 stores, 6,200 jobs gone. more stores close. this is just the beginning. >> reporter: sears reporting holiday sales down 12% this year. while overall internet sales are booming. $91 billion in profits this season, up 11%. tafd, both sears and macy's reps say the savings will go to help online sales. macy's is planning to add an additional 50 discount stores. david. >> eva, thanks. >>> we turn next here to the health of your children. an eye-opening new invoice about preventing those potentially life-threatening peanut allergies. there are new guidelines from the national institutes of health saying their children should expose their children to small doses as early as four months, and it would seem to b

renato le escribi varias cartas a las oficinas de sears, pero ni respuesta.asunos meses respecto y una tarde estaba viendo las noticias y estaba viendo la sección de telemundo 48 responde y dije yo: los voy . dice que esta era su ltima esperanza para que sears le regresara su dinero. nosotros nos comunicamos con sears para investigar porque al seÑor peÑa no le devolvan su dinero. y en cuestin de dos semanas nos respondieron: graphic "recibimos su devolucin, renato. y nos complace informarle que hemos recibido y procesado su pedido. sus $1446.95 sern reembolsados.lo sentimos que no haya estado satisfecho con esta compra y esperamos nos elija nuevamente". sinceramente, su equipo sears sot 00:03:53 "la efectividad con que el es increíble y gracias aesponde dios o a las personas que han puesto en manos de telemundo 48s acciones para protegernos de acciones como la que me sucedió 00:04:20 es increíble, es pda segu existiendo poreesto buen tiempo porque hay veces que luchandoesióne que estamos contra, nosotras las hormiguitas luchando contra un elefante". arlen out

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. >>> sears has announced it's closing 150 of its stores. sears has been losing money for years.tock is down 48% in the last 12 months. sears has also announced it's selling its famous tool brand craftsman to stanley black & decker. sears plans to sell more tools outside of sears. >>> 2016 was a record-breaking year for the apple apps store. the digital marketplace generated $20 billion in collective refr knew for all of its developers. that is up 40% from the year before. in december alone, customers made $3 billion in purchases from the app store. >>> uber has a new diversity chief. bernard coleman has been the chief diversity officer for hillary clinton's presidential campaigning. he was actually the first diversity officer for a presidential campaign. uber has resisted releasing the demographics of its employees. coleman's job will be helping uber build a work-force that reflecting the work consumers want as customers. >>> the pba started experimenting with streaming last year. the coverage will typically include pre-event analysis, interviews, and live coverage of the first

macy's and sears. >> sears where america shops for value. >> reporter: now both struggling against 21st century digital competition. macy's closing 100 stores and laying off up to 10,000 employees. kmart and sears closing 150 stores. even selling the craftsman tool line. another department store, kohl's s, also posting losses over the holidays. >> people can get their hair blown, go to the gym, go to the coffee bar. >> americans did spend big over the holidays. up 4% over last year. online sales up a whopping 17%. more amazon, less sears. >> i think it's sad, but it's a lot easier for people to just do online shopping. they can sit home on their couch. >> americans today are choosing discounters, among them t.j. maxx, ross and burlington. >> to survive, retailers need a digital and physical store offering something unique. even amazon is opening pop-up stores, where else, but the malls. >>> on the subject of that all online holiday shopping. today is expected to be the biggest day ever for online returns through ups. on this day alone, ups expects to ship 1.3 million unwanted packages b

and they announced 150 stores on sears, kmart, and by sears, black and decker. it is a decline of 66. that is the latest from state street. ashley: barely held on with the audio issues but we appreciate what you are saying is macy's is closing stores, they are opening a new bookstore down the street from here. the fourth in the united states, and let's bring in eric, that very company, amazon, has single-handedly tried to kill off traditional retailers. why does that make sense. >> it makes sense because they can expand the experience, that is something they want to pick up. and it is distribution. same-day distribution for people who wanted instantly. i don't think you will see a lot of them. it will largely be online. you will see more, no question about it. ashley: we have done a story detailing the horrendous developments for the mainstream retailers, macy's, sears, stores synonymous with shopping, is it partly therefore, traditional resources, for not responding quicker to online and the threat of amazon? >> it is absolutely their fault. at some point there

holiday sales 2% and plunged double digities to a struggling sears. macy's is closing 6 stores this year a total of 100 by the end of next year. sears says it's closing 150 more stores and selling its craftsman tool brand as the business shrink. if this is the beginning of the end for the group. >> the bigger dynamic is the share shift happening at a more microlevel. those dollars are still being spent. they're still buying apparel. they're just buying it online and on amazon. and when these dollars are being shifted this legacy retailers are losing. >> reporter: they're just not spending as much as at department stores. more and more consumers are spending online. around 85% of all purchases are still made in stores. online retail sales during the holiday season grew more than initially forecast. a scan of more than 4 million e-mail receipts amazon captured nearly 40% of all online purchases during the holidays. apple.com sales grew 66% over last year. consumers did buy on macy's.com with online sales growing double digits. still not enough to tip th

sears has already closed almost 280 stores over the last 2 years. at xx time for weather. toss to eileen winter weather advisory ends at 5am for counties nw tonight through saturday morning for st. mary's county - accumulations are nw (frederick, md, hillsboro & purcellville in loudoun county, carroll county) - snow is ending - another wave possible tomorrow morning (southern md) - cold weekend (chills in the single digits and teens) today: partly to mostly cloudy. cold. highs: 32-37 winds: nw 5-10 mph tonight: mostly cloudy and cold. lows: 15-24 winds: n 5-10 mph saturday: am clouds, pm sun. cold & breezy. snow possible over southern md. few flurries possible in the dmv. highs: 27-32 winds: nw 5-15 g 20 mph coming up-- ya' know-- it's never working on that christmas list. and every gamer will be asking for this new laptop.. we'll tell you why.. when we come back. an emotional account- from 2 sisters who say they missed the death of their father- beause they were kicked off a plane. their flight to see when one of them got a text, that his hours were numbered. the woman sa

tools are associatedsa with sears. >> i know.>>> 4:41.4:41 coming up, new reportt suggesting our local waterwaysal aren't getting healthier. healtr >> johns hopkins teamed upns te with under armour to offer you and the rest of the country some new specialized new speci equipment. >> heading to break right now, r let's take another live looke l outside right now.right now. things looking pretty clearng p but it is cold and there are tra some areas that did get some snfallll. we'll fill you in with theth details when fox5 news morningoi continues. >> ♪♪ >> today on fox5 news morning.. >> that's not just outside outsi your window much we have our ab season. as well, some of you might just j see dust.e some of you may not.y n if you're in the north andth and west of the city, you've got a little bit more but for mostos of the people in and around here, it's pretty quiet. qui >> even with a bit of snow sno roads are in pretty good shapeos except this place right here.rir you're looking at a wreck involving two trucks which which close

david: sears will close an additional 150 stores -- let's ask you about sears and how they will pull this dive. >> they've been in a guide for a lot longer than anyone else. it is navigating the direction of the dissent. for them, it is a liquidity management game. your to keep closing stores and figure out what the right size of retailers. it's figuring out what the right size of the business is. david: does it end up being a retailer at all? >> that seems to be what he's doing now -- if you look at the loans he's made over the last 12 or 18 months, they've all been collateralized by real estate or different assets. now.monetizing the ip they made attempts to spin out the auto businesses. they are trying to move the pieces away from the center so they can do a more holistic restructuring. he's always and said that he wanted to be an asset light model. we are starting to see exhilaration down that path. , an sears holdings additional 150 stores. macy's stores. that conversation, brick-and-mortar is that, go online. dead, go online. >> it's about having the right number of stores. for

that includes 108 k-mart stores which are owned by sears. the company had initially announced 46 closures right after christmas. we looked at that list and there are no stores closing here in the bay area. >>> sears is also getting its -- selling its craftsman brand to stanley black & decker. that deal is worth $775 million. >> maze is selling its store at the stonestown mall as part of a restructuring. macy's is selling the building to general growth properties for $41 million. macy's has also finalized the sale of its men's store in union square to stanley morgan for $250 million in november. macy's then plans to lease back both of those stores, at least for the time being. shoppers today told us they hope that that stonestown macy's will stay open. >> having to replace that with a journey either downtown and deal with the parking there, or on the freeway to serramonte is not ideal. >> macy's announced yesterday it is closing 68 stores across the country this year and laying off 10,000 employees. >>> verizon's offer tobias hue is still at

well, where's sears going?t's up today, but what is the long term future for this -- >> don't look at me. montgomery ward -- >> when you figure it out, can you ask louise cramer? >> my father was fired from gimbal's because it was so good. all i can tell you is this company is being kept alive by hedge fund manager. and it does not have -- there's nothing in here that makes me feel like anything is better than expected. i really did feel craftsman is worth a couple billion, but it's a deteriorating asset. what's left, die hard? >> automotive, when you compare to the rest of the retail landscape, you could pick worse areas to be in. >> true, but in the end -- i mean, what is k-mart? >> what is kmart? is that an existential question? >> you bet. sears and kmart like -- i urge people to go back to that class we took. remember that? these are no exit -- that's a suboptimal read. >> that's kmart. >> no exit. >> yeah. >> one last point here on the broad markets, dow trying for another attempt at 20k. s&p only seven p

sears has agreed to sell its to stanleyools brand black & decker. trying to prop up the retailer. we are halfway into the trading day. julie hyman is here with the latest. julie: i want to start with the smaller cap averages. i thought we had a board of majors as well. we are seeing a selloff accelerating as the day has gone on. we've seen crude oil take a leg lower. an in the moveen and treasuries that's acceleration-- an in the move in treasuries.

is there still hope for sears?ave managed to hold on this long, but there is an economic effect when you have all of these employees leaving. it is interesting in stanley's press release, they talked about the jobs they would create. i don't think that will be enough to offset the cuts happening at sears, but it's interesting, in the age where trump has such a focus on american manufacturing, stanley went out of its way to talk about the jobs they are creating in the u.s. manufacturing footprint. what does this say about big-box retail in america right now, can you look at sears as represented on the sector as a whole? >> when you look at macy's results, kohl's, i don't think big-box retail is doing very well. these companies expanded very fast and they have a lot of real stores that people are just not going to. they are shopping online, going to amazon, and you can get pretty much anything online. david: were they late to the online game? >> i think they were a little slower and that hurt them, but they have made

julie: sears raising yet more cash.is selling its craftsman tool brand to stanley black & decker for about $900 million. ceo ed lanford recently agreed rt loan the company -- lampe recently agreed to loan the company some money. stanley black & decker is also rising surprisingly. .ears bought black & decker estimates over the past couple years up with the value somewhat higher. sears will be able to get some royalties potentially under this deal. also looking at another deal, this one among a couple of researchers. , this is for $2.6 billion in cash and shares. gartner is i.t. focused. ceb specializes in research. we will now have a bigger services offer. $3.3 billion including debt is the price on this. ceb rises 22%. mark: thanks a lot. still ahead, we will hear from the aol ceo tim armstrong. we will let him -- ask them about the acquisition of yahoo! by verizon. ♪ wow, x1 has netflix? hey, drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show

dice que esta sears letima esperanza pa que regresara su dinero. porque al seÑor peÑa no le devolvan su dinero. y en cuestin de dos semanas nos respondieron: graphic "recibimos su devolucin, renato. y nos complace informarle que hemos recibido y procesado su pedido. sus $1446.95 sern reembolsados.lo sentimos que no haya estado satisfecho con esta compra y esperamos nos elija nuevamente". sinceramente, sot 00:03:53 "la efectividad con que el equipde temundo 48 respon es ineíble y gcias a dios o a las personas que han responde estass de telemundo 48 acciones para protegernos de a mí. cut// o la que me sucedió 00:04:20 es increíble, es maravilloso y ojala que estpuede buen tiempo porque hay veces que luchandopresión de que estamos contra, nosotras las hormiguitas luchando contra un elefante". arlen outro le agradecemos al seÑor renato pe y a su esposa r contactarnos y si usted tiene un caso que crea usted que podemos resolver, no dude en llamarnos al 844-408-4848. take vo/gabriel los xolos de tijuana celebran su decimo aniversario con tremenda goleada

it plans to close 108 kmart stole -- stores, owned by sears, and 42 sears stores. in california, four kmart stores will be closed. matter in the bay area. sears is also selling its craftsman brand for $775 million. the company says the unlimited lifetime warranty on craftsman tools will be kept in place.>>> new numbers show a big increase in online shopping for the holidays. according to adobe, which tracks digital sales, consumers spent $91.7 billion online. that's an 11% increase from last year.>>> a safe broken open. police want to know what was inside and who it belongs to.>>> a chance encounter at this gas station helps a man turning his life around after serving time for armed robbery. >>> an unlikely and emotional meeting between a man trying to turn his life around and a flower vendor who he robbed at gunpoint three years ago. at the time, the robber was at a low point in his life, addicted to drugs, and ended up going to prison. >> he says he's on the road to redemption. that involves finding the flower vendor and apologizing to him in person. he shared hi

those tough times are being felt over at sears as well.l memo received by business insider says that sears is moving ahead with additional store closures as well. altogether you are looking at about 150 sites that will be closed. that includes 108 k-mart stores and 42 sears stores by april. now, that represents about 10% of sears' total base and according to business insider, employees were just informed on wednesday of those closures. elsewhere, we're talking about digital publishing company medium that's also laying off workers. 50 employees at this company which may not sound like a lot, but it represents a third of its staff. it does provide a base for bloggers and publishing companies to post stories on line, said it's ad-driven revenue model is broken. they are looking to preposition this company as part of the transition, they are talking about closing offices in washington and new york because the home base is in san francisco. keep an eye on jobs because we're expecting the adp report showing a jump in private sector payrolls for

another 41 stores will be under the sears name and this comes on the same day that sears announced theyill sell their tool brand craftsman to stanley black and decker and one day after macy's announced the closure of 68 locations. >>> ford is teaming up with amazon to bring the digital assistant into cars, siri with sync 3 can use the alexa service to check devices while on the road and they will begin with ford's sync vehicles this coming summer. >>> the farm show in harrisburg kick ofzs off this weekend and they unveiled the butter sculpture. it pays tribute to the state's farmer and crafted from more than 1,000 pounds of butter, you can't eat any of this but will be convirted into enagain. >>> get a big piece of toast and go at it. >>> still to come we'll check the forecast. >> as we look live outside. sky 6 hd showing you cape may tonight. a pretty picture there. meteorologist, cecily tynan has the exclusive accuweather seven-day forecast. and a little bit of snow on the way when "action news" comes right back. >>> time for accuweather at the "action news" big board. meteorologist,

that same hedge fund post 29% of portfolio in sears stock and itself owns 49% of sears stock according to public filings. are those all fair statements? make 26 million. >> ok. sears has been performing poorly and is covering operating costs to contribute to its pension fund. several of the most valuable assets sold in part to mr. lambert's hedge fund, including most of sears real estate, the real estate was sold off to a different entity. that seems to have resulted in a shareholder lawsuit according to filings. the pension benefit here and tee anporation initiated agreement with sears to protect the pension benefits more than 200,000 participants at the real estate deal and significant cuts to health subsidies that occurred during your watch. unfortunately, this puts the pensioners behind the ability to get assets from sears in any bankruptcy proceedings. because sears has received it hundred million dollars in security loans from these hedge funds, some of them secured by the sears properties, the a 2.1n fund currently has billion dollar operating cap. i take these all from filings

sears holdings will close 4 sears and 108 kmart stores, none of them located in the bay area. sears announced it's selling its well-known craftsman brand to stanley black & decker for $900 million. analysts say sears is just bleeding cash and desperately needs to generate some new revenue. >>> parents listen up, the federal government is now telling us everything you've learned in the past about peanut allergies is wrong. >> abc 7 news anchor kristen sze with new guidelines may have you rethinking how you feed your kids. >> when i was pregnant, and it was a while ago, i was told avoid eating peanuts and don't give my baby peanuts until she was 3. it's time to throw that recommendation out the window. new government research shows the best way to prevent a peanut allergy is feed your baby peanut foods early and often and the more allergy prone the child the earlier they should be exposed to train their immune systems so babies with severe ex-ma or egg allergies should start on peanut based foods four to six months when they start solid foods. those with mild allergies six month

us talk about sears. sears -- let's talk about sears. nearlys going to close 150 stores. get that to seven or 800 stores. but they are trying to figure out what the right size of the businesses. -- business is. ♪ ♪ >> welcome back to bloomberg best. the effectiveness of central banks was a constant topic of debate in 2000. -- 2016. now it is a new year. will we see a new direction in monetary policy? with an exclusive interview, david gore explore that question with the reserve bank of india. exit our great font market distortion? >> i think we are in the process of exiting with the federal reserve seeing omitted room for continued accommodation. starting to raise interest rates. i think you'll see the pressure on other central banks coming off as much as it has over the last couple of years. my guess is that we are in the process of it. how fast it will be will depend on conditions in the united states. how comfortable the federal reserve feels with those --icies and the way it feels whether it feels it needs to move faster or slower. how quickly it will come in? it seem

sears had exercised its right the terminate leases on 19 of its stores. shares of sears popped 6.5% to $10.36. >>> oprah winfrey said she has shed more than 42 pounds while on weight watchers' diet program. the billionaire who has a nearly 10% stake in the company is part of new advertising campaign. shares surging nearly 21% today. the subscription video service hulu will begin offering this new services. it will let some subscribers access cbs, cbs sports ask the networks entertainment channel pop. the live streaming platform expected to launch sometime this year. cbs shares were up 2% at 65.74. and apple added the fund which is expected to launch this year will sfeed development of technology that's may be edge strategically important. apple shares off a fraction. 116.02. >> how much of your money is tied up in mutual funds? the trends that could shape the new year. >>> americans are putting money into domestic stock mutual funds again and it all began with the election. here to discuss how investor behavior has changed. brian, happy new year. good to

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this searing poverty is in a country that is better known for its stunning beauty.take you on a tour. [ chimes clinking ] just hearing the name of the country peru makes many people think of its rich history, and it's the location of one of the seven wonders of the world. this is what people think of when they think of peru, the beautiful machu picchu area, and it is absolutely spectacular to be here in person. tourists can see traditional methods of cleaning and dyeing wool from llamas or alpacas out in the country. [ flute playing ] they can enjoy authentic peruvian music, or in the big city of lima, capital of peru, visitors can see museums with incredible artifacts. [ marching music playing ] or they can try and get close to the metal gates of the presidential palace and watch the changing of the guard. visitors could head out to the well-maintained zoo and see the big cats or other critters that come out to play. there are so many interesting sites to make tourists grab their cameras. but then there is a sobering reality that locals and visitors will never see.

after a challenging quarter, sears has announced it is closing 150 more stores.es of sears and kmart were down more than 12% in the past two months of the fourth quarter. sears will sell its craftsman tool brand to stanley, black & decker for $900 million. it is that they're moving recent weeks by the ceo to raise money. that is your bloomberg business flash for this hour. mark: let's have a check on what is happening with european equities. it has been a day of ups and downs. barely change for a second consecutive day after reaching the bull market on tuesday. small declines in london. we had a record high yesterday. when we finish at another record today? look at what is happening in currencies. the dollar is falling across the board after the release of the minutes. euro rising against the pound. euro up against the dollar. equities we are seeing bonds .ixed as well this is bloomberg. ♪ ♪ mark: live from london and new york, this is the european close. stocks finishing the first trading session rarely changed. barely changed yesterday after the bull market a c

what's the word on sears?goes out of the brick and mortar business this year some time in august. i don't know what the transaction will exactly look like. i call it a bankruptcy filing. i don't know if that's what it will be. i think they'll be out of the brick and mor attachment r. standard retail business and people having to do something with that space and market share transfer to people like pen peninformpe penney's. i think they're coming to the end of the road. >> third party sellers online said their biggest growth this past season was from walmart and jett. will they be a winner in 2017? >> they're going to be the biggest threat to amazon. they're pretty small now. jet is only at a billion. 1,000 customers a month. but growth rate of jet walmart.com will exceed the growth in amazon. they're going to do some catching up. the real question is, what's left for everybody else if amazon keeps growing the way they're growing and jet.com and walmart.com keep growing even faster? that presses out a lot busin

and sears closing 150 sears and kmart stores, ripple effects hitting nordstrom stock as well.ou know, a company i se basically ghost malls across the country. ashley: you are because there are already ghost malls out there. there are many malls converted into, well, like business centers, churches, you name it. others are just left crumbling with the latest news with more anchor stores moving out. it's just-- america, the whole consumerism landscape has changed and unfortunately, malls were a thing back in the '80s and have been slowly-- >> you can see the impact. as you drive around america, you're going to see the impact. it's not like some vague financial happening off in the distance. you're going to see this. liz: it's an issue for local real estate prices, right? because they attracted businesses, that's what malls were thought to do. what are they going to do with by ty warehouse malls. boomers could retire near the shopping malls. a sea change in the landscape here. stuart: that was then. liz: this is now. stuart: different. retailers, bricks and mortar retailers are g

iconic black and decker is buying the name but you'll still be able to get tools at sears stores. >> since the election markets have been in a big rally with the change, should you be changing the way you're saving for retirement? chief investment strategist at capital management. let's begin with the dow 20,000 mark is it really a big deal, important level? >> it's another milestone that's a bit of a positive. but i don't think it's nearly as important. i think the more fundamentals going on are much more important than breaking the barrier. hopefully we'll do it soon and move on. >> the dow is up 9% since the election, nasdaq did hit a new record this week. what do you think what happens when president-elect trump becomes president trump. >> i think had had to do with the trump presidency and change with really good improvement in the fundamentals, we spent the better last couple of years growing real gdp below 2% and that's popped up to over 3% in the third quarter and looking to do well in the fourth. better growth abroad around more parts of the world, touching many different ec

wave of store closures, 108 k-mart stores will close and 42 sears store closing by april.his auction at a fish market in tokyo generated a stupendous price for 166 pound blue fin tuna went for $632,000. it went to the boss of a sushi chain. there is i a a serious note there is extinction of the tuna because of the price of sushi. great concern to environment alices as well. >> serious consequences, thank you. >>> just ahead the obamas reportedly planning a star studded party. and ellen's owe despite your best efforts. but what if you could turn things around? what if you could love your numbers? discover once-daily invokana®. it's the #1 prescribed sglt2 inhibitor that works to lower a1c. a pill taken just once in the morning, invokana® is used along with diet and exercise to significantly lower blood sugar in adults with type 2 diabetes. in fact, it's been proven to be more effective at lowering a1c than januvia. invokana® works around the clock by reducing the amount of sugar allowed back into the body, and sending some sugar out through the process of urination. and whi

sto one sears in baltimore andar another in fredericksburg,re sears has only been profitablene twiceought k-mart.bought >> my pillow the populary llow pillow maker known for itsor i late night infomercials iscial facing more problems. the better business bureauinesse announced it has revoked my pillow's accreditation and a lowered its rating from an aromn plus to an f months after settling a consumer protectionio uit.uit. my pillow received several consumer complaints. >> we can get just about anything out of ae ca vendingen machine these days.e d imagine buying a car. car a dealership is trying to do that: the ceo says he wants to simplify the car buyingying experience with coin operated vending machines. yeah. it's simple he says 'causees.s s customers buy a car online andle then they get a coin to pickn tc up the car the next day.ay each car couples with aples wh a seven-day no questions asked money back guarantee an 100 day warranty. warrant >> hm. pizza hut launching a new prom going to love especially those of you suffering fromove holidl shopping hangover.piangove pizza chain

and more than 40 sears stores in the next few months.ent store is just struggling. and so 150 locations are going raise some cash and stem all the losses. in addition to the stores that close, this retailer recently sold its iconic craftsman brand for $900 million to stanley black and decker. amazon is looking to increase its profits by turning to athletic wear. the online retailer is looking for some exercise-obsessed employee to help develop and market its line of yoga pants. the new athletic line will be amazon's 9th private clothing brand. >>> straight ahead, two sisters who learned why their father was dying, were kicked off an airplane. >>> and donald trump in virginia. >>> we'll learn more about a positive impact about a teenage girl killed in her bedroom. the impact she had on her teammates. >>> plus, topper is keeping an eye on snow showers. he'll be back fios is not cable. we're wired differently. that means incredibly fast 150 meg internet. so in the 3.7 seconds it takes gary watson to

. >>> sears is shutting down 7 of its name sakes stores and 24 k- mart stores. none are in northern california. when the stores close their doors, sears will have shut down more than 200 stores now. the roadway tailer has seen revenue fall 15% in the last year. shutting the stores is expected to cut the expenses but we'll continue to watch sears and other retailers. >>> better news from tesla. we check in with hillary vaughn for more on this huge plant tesla is opening. >> reporter: good morning, that's right, tesla's factory is a (500) 000-0000 $5 billion plant in video. they are starting production on lithium batteries. the plan is that they will be used for tesla's model 3's. now, this giant plan actually cost taxpayers about $1.6 billion of their own funds. pan sonic chipped over a billion dollars to make this plant happened. it's a joint effort between pan sonic and tesla. it's going to employee about 6500 workers directly at the plant and creating about 30,000 jobs. so wins there in terms of bringing jobs to nevada. this is part of tesla's ceo elon musk bi

. >> reporter: sears holdings is shuttering more than 100 k-mart and sears stores. office depot, 450 stores. and a dozen more like aeropastale, american eagle, and children's place have, all announced more than 100 stores will close by the end of 2017. traditional retailers stumbled despite a strong year for the retail industry overall. it saw nearly 3% increase in sales this past holay winner. sales jumped 17% from the year before. nearly 40% of those shoppers used amazon. what is it going to take for these brick-and-mortar stores to be around 20 or 30 years from now? >> at the end of the day, you and i can hit a "buy" button from anywhere. so they all have to get saffier about how they create a stronger relationship with me so when it's time for me to buy that mattress or buy those shoes i'm going to think of that brand. >> reporter: now, macy's plans to close 60 of its stores by this spring, josh. the company is expected to save $550 million annually. >> elliott: jericka duncan in new york, jericka, thank you. well, winter storms are burying parts of the east and

sears says it will close 150 locations to improve operating performance.es 109k mart stores and 41 sears stores. 3k marts in our area clementon, pleasantville and rio grand all in new jersey. this of course comes a day after macy' as nounsed it will close 100 stores most of the stores will shut their doors at the end of march. >>> all familiar with the vending machines where you get soda and candy. >> that's right. >> how about a car? >> you'll need more than a few quarters for this machine. just my guess much this is how it work. customers buy a car online pay for it then get a coin to pick up their ride the next day. the founder of says it's all about making buying a car fun. and easier, right. the tower holds 30 cars at a time. it has more than 7,000 cars ready and waiting for you. what if one of the cars get stuck in the vending machine. you can't knock on it? >> anyhow. >> police are getting closer to tracking down the man behind the robbery at a daycare. he stole a ton of gifts right before the holidays. investigators say he even ate the children's l

sears is closing 150 locations nationwide, which including k-mart stores. it's all fallout from much of the retail market moving online. shares of the company have dropped nearly 50% in the past year. >>> and authorities in california are hoping a new law taking effect this week will stem the tide of crashes due to distracted driving. the new smartphone law, now one of the tough nest the country, extends earlier legislation that kept drivers from talking and texting. but not from streaming video or using apps like instagram and twitter. now the california law prohibits drivers from holding devices. >>> two sisters say the airline prevented them from flying home the say good-bye to their dying dad. >>> and one man's desperate struggle to get home from work in the snow as 80 million americans face some nasty conditions today. kellogg's special k... ...made with whole grains and fiber ...to help a body thrive. ♪ i love it folic acid and vitamin d... ...to make a body feel this good. start your day with 150 nourishing calories... ...in a bowl of special k. ♪ i

and sears was down 4%.sticking with sears, they are not just announcing store closings to save money. no, they are also selling its craftsman tools brand to stanley black & decker with a deal value expected at around $1 billion. >>> and finally, remember joe corzine? yes, the former new jersey governor and head of the brokerage form mf global. a stunning collapse in 2011, now he's been ordered to pay a $5 million fine for the alleged misuse of $1 billion in customer refunds. back over to you, louis. >> carolin roth, thank you so much. >>> coming up, bill karins is coming up to tell us how the south is preparing for a deep freeze. i was wondering if an electric toothbrush really cleans... ...better than a manual, and my hygienist says it does. but... ...they're not all the same. turns out, they're really... ...different. who knew? i had no idea. so, she said look for... ...one that's shaped like a dental tool with a round... ...brush head. go pro with oral-b. oral-b's rounded brush head surrounds each tooth