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On Wednesday, reports surfaced that retailer Sears might file bankruptcy, which could force the closure of some, if not all, of the retailer's remaining 900 locations. While other retailers in recent years, such as Toys 'R' Us and RadioShack have faded away, Sears' demise would make the end of an industry titan. The company was at one time the nation's largest retailer, selling items as small as earrings, to as big as houses. MORE INFO: SEARS COULD FILE FOR BANKRUPTCYHere is a look back at the rise and fall of Sears:1886: Richard W. Sears launched the R.W. Sears Watch Company in Minneapolis, advertising his company by mailing catalogs of his watches to businessmen.1887: Sears moved his fledgling business to Chicago and expanded his mail-to-order business. 1895: After Richard W. Sears joined forces with Alvah Curtis Roebuck, the company quickly became a mail-to-order giant. By the mid-1890s, Sears had a 532-page catalog of items. According to the retailer, the 1895 catalog contained clothing, accessories, wagons, fishing tackle, stoves, furniture, china, musical instruments, saddles, firearms, buggies, bicycles, baby carriages and glassware. 1906: Not only was Sears expanding operations in Chicago, but it was also opening centers elsewhere, including in Dallas. The opening of a shipping operation in Dallas helped lower the cost of shipping for the retailer. 1913: The Kenmore brand launches, first as a line of sewing machines. In the 20s, Kenmore would launch a line of washing machines. It was not until the 70s when Kenmore expanded into refrigerators and air conditioners. 1927: The now mature, 40-year business was working in a different environment. America was starting to urbanize, as Americans started moving into city centers. This caused the explosion of chain stores throughout the US. In response, Sears opened its first retail store in 1925, showcasing items from the catalog. The store was such a success, Sears was able to open 26 more locations by 1927. This was also the year the Craftsman line of tools launched. Although not manufactured by Sears, it was owned by Sears and sold at Sears stores and in catalogs. Sears would own exclusive rights to Craftsman tools until 2017, when it was sold to Black and Decker. 1931: For the first time in company history, the majority of Sears' revenue came from its retail stores. According to Sears, 53.4 percent of sales in 1931 were from its stores. By 1933, Sears opened 400 retail locations. 1941: As the United States entered into war, Sears' expansion of retail operations paused. At this point, Sears had opened 600 locations.1953: Sears resumes its growth not only in the United States, but it is also opening stores in Canada. 1973: Almost 90 years after moving to Chicago, Sears expands its operations into the Sears Tower, which is one of the tallest skyscrappers in the word. 1993: More than a decade after launching the Sears catalog, Sears ended production of the catalog, and instead shifted its focus on its brick and mortar locations, auto stores, and outlets. 2004: Kmart purchased Sears (then named the Sears Roebuck Co.) and merged the two brands into the Sears Holding Company. This briefly gave the company record profits in 2006. 2015: Sears announced that it has lost billion in the last four years. Eddie Lampert was brought in as CEO and gave the company a 0 million loan to help avoid bankruptcy. Sears has also been closing a large number of underperforming stores.2018: In June, Sears announced it is liquidating 78 locations. Lampert also warned the company is running out of money, and likely will need to restructure debt. 3786
Oliver North, the Fox News contributor and central figure in the Iran-Contra scandal, will be the National Rifle Association's new president, the group announced Monday."Oliver North is, hands down, the absolute best choice to lead our NRA Board, to fully engage with our members, and to unflinchingly stand and fight for the great freedoms he has defended his entire life," NRA executive vice president and CEO Wayne LaPierre said in a statement on the pick.In his statement, LaPierre compared North favorably to Charlton Heston, the Hollywood icon who was once president of the group.North will become president "within a few weeks," the group said, and is retiring from his position at Fox News, effective immediately.North will join the NRA at an increasingly contentious juncture for the group, facing off against a renewed push for gun control in the wake of the February school shooting in Parkland, Florida. Some survivors of the shooting have emerged as prominent voices in favor of gun control measures and have accused the NRA of endangering lives through political influence.After the shooting, President Donald Trump indicated willingness to part with the NRA on some issues but has since backtracked and embraced the group tightly. He made his fourth consecutive appearance at the NRA's annual convention on Friday.In a statement slamming the choice of North, Brady Campaign to Prevent Gun Violence co-President Kris Brown referred to North as a "walking lightning rod.""Oliver North's very name is synonymous with corruption and disgrace," Brown's statement read.The NRA couldn't immediately be reached for comment.LaPierre has for years assumed both public-facing and leadership roles for the group as it has navigated administrations of both parties and responses to incidences of mass gun violence. North is set to replace Pete Brownell, who the group announced on Monday would not seek a second term as NRA president.North became a national figure during the Reagan administration as a public face of the Iran-Contra scandal and faced years of legal battles as a result before his charges were dropped in 1991. The scandal arose over secret arms sales to Iran; the US used the proceeds to fund anti-communist rebels in Nicaragua, called the Contras. Iran-Contra was a central controversy for President Ronald Reagan.North has since become an author and hosted Fox News' "War Stories with Oliver North," according to the channel.CNN reported in March that North was one of several people listed to attend a fundraiser hosted by Blackwater founder Erik Prince, the brother of Education Secretary Betsy DeVos, for California GOP Rep. Dana Rohrabacher. 2715
OCEANSIDE, Calif. (KGTV) -- A boy who went missing Wednesday night from Oceanside has been found safe, police said. According to police, 12-year-old Xavier Nolasco disappeared from Madison Street around 7:30 p.m. He was later located around 9 p.m. At this time, it's unclear where he was found, but police placed urgency on finding the young buy due to his diabetes and mental illness. 394
On Friday, it seems a lot of people learned a new word of the day: Schadenfreude.Schadenfreude means "enjoyment obtained from the troubles of others." Merriam-Webster reported that it saw a huge spike, a 30,500% spike to be exact, on its website Friday after reports came out that President Donald Trump and First Lady Melania had tested positive for COVID-19. 368
OCEANSIDE, Calif. (CNS) - Oceanside's police chief has called for an internal investigation into an arrest in which one officer used a stun gun to subdue a carjacking suspect, causing him to fall backward onto his head, before two other officers forcefully twisted him to lie facedown.Video of the Tuesday incident was captured on a witness' cellphone and shared on social media, according to Oceanside Police Department Chief Frank McCoy.Police officials Wednesday released an officer's body-worn camera footage of the arrest along with the cellphone video, plus an open letter by McCoy providing more details.Dispatchers received reports around 4 p.m. Tuesday that the man attempted to carjack several people at multiple locations in Oceanside's Mesa Margarita neighborhood while armed with a knife, McCoy wrote in the letter. One victim told police the man had punched him several times and slashed his hand with the knife. **DISCLAIMER - THE VIDEO BELOW CONTAINS CONTENT THAT MAY BE UNSUITABLE FOR YOUNG AUDIENCES. VIEWER DISCRETION IS ADVISED**Please follow the link below to read a message from Chief McCoy concerning the incident in the video.https://t.co/JaOD7MHnJN pic.twitter.com/lTRNaEfs8B— Oceanside Police (@OceansidePD) July 16, 2020 Another victim reported being chased by the suspect, then the victim abandoned his vehicle and fled into his home before he saw the suspect steal his vehicle, McCoy said. That victim went back outside a short time later and saw the suspect fighting with another person down the street.The man was still armed with the knife when officers approached him Tuesday afternoon at an undisclosed location in the Mesa Margarita neighborhood, McCoy said.The officers on scene were armed with two types of less-lethal weapons as they approached, according to McCoy.In the videos released by OPD, the man appears to have dropped the knife to the ground and has both hands on his head as one officer approaches from the front and two approach from behind. The man appears to kick something on the ground -- possibly the knife he had dropped -- and then takes a few steps toward it while shouting at the officers.As this was happening, the officer in front of him can be seen taking several steps toward the man before using his stun gun. The man goes stiff and groans as he falls backward, hitting his head on the ground.The two officers behind him then rush in and grab him before forcefully turning him over onto his stomach. In the videos, it appears the man's face hits the ground as officers turn him, and he groans again.Paramedics treated the man at the scene before taking him to Tri-City Medical Center for treatment of undisclosed injuries, McCoy said.The man, identified as 32-year-old David Hernandez Avila, was booked into the Vista Detention Facility around 9:30 p.m. Tuesday on suspicion of felony carjacking, attempted carjacking and assault with a deadly weapon, among other charges, according to jail records. He was being held in lieu of million bail pending his arraignment, scheduled for July 31."I have had the opportunity to view this video and it has raised concerns with me," McCoy wrote in his letter. "I have asked our Professional Standards Unit to conduct a thorough investigation into this matter." 3276