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In another sign of the times for retail, Lowe's is closing 51 North American stores.The home improvement chain said Monday that locations are underperforming and the decision will help the hardware chain focus on its most profitable stores and "improve the overall health of its store portfolio."Lowe's (LOW) is shutting down 20 stores in the U.S. and 31 in Canada. The company said that a "majority" of the shuttered stores are within 10 miles of another Lowe's location.The stores will be closed before Feb. 1, 2019. The company will try to find jobs at nearby stores for its employees affected by the closings."We believe our people are the foundation of our business and essential to our future growth," said CEO Marvin R. Ellison.Lowe's is struggling to keep up with its larger rival Home Depot. Ellison, who joined the company in May, has already made some big strategic decisions, including closing all of its Orchard Supply Hardware stores and slashing inventory at its Lowe's stores.The company cut its sales and profit outlook for the year. Its next earnings report is on November 20. 1102
House Democrats are expected to retain a majority of US House seats in 2021, but with a smaller margin. The leader of the House Democrats, Speaker Nancy Pelosi, said on Wednesday the election was “challenging” in a letter to colleagues.As of Wednesday evening, House Republicans have netted five seats by flipping seven Democratic seats. Democrats flipped two previously held Republican seats.All seven of the House Democrats that lost were representatives who only served one term in Congress. The seven freshmen members of Congress ushered in a “Blue Wave” in 2018, which gave Democrats the majority in the House for the first time in eight years.The 2018 Blue Wave also returned Pelosi to the speaker’s chair, where it appears she’ll remain in 2021 and 2022.“Though it was a challenging election, all of our candidates – both Frontline and Red to Blue – made us proud,” Pelosi wrote to colleagues. “Their drumbeat For The People enabled Democrats to Hold The House and flipped critical battleground states, building our margins across the board. Our discipline in building a massive battlefield proved essential in keeping the Majority. Our success enabled us to win in our ‘mobilization, messaging and money,’ forcing Republicans to defend their own territory.”Despite not winning a majority of seats, House Republican leader Kevin McCarthy celebrated Republicans regaining seats in the House.“We expanded this party that reflects America, that looks like America. And thanks,” McCarthy said. “I think the rejection that we saw last night from the Democrats was that America does not want to be a socialist nation. I think the other rejection that we saw, we watched the Democrats promise if they would be given the power to have the majority, that they would act different, that they would solve problems and they wasted their majority.” 1850
House Majority Leader Kevin McCarthy's office in California was vandalized and equipment was stolen Monday evening, the Republican congressman said.In a post on his Instagram account, McCarthy published pictures of the two men he claims "threw a boulder" through the window of his Bakersfield office and a picture of the resulting damage."Does anyone know these two guys? They threw a boulder thru our office window and took office equipment," McCarthy wrote Monday.CNN has reached out to McCarthy's office and the Bakersfield Police Department. 553
If the lyrics to "Let It Go" have been stuck in your head since 2013's "Frozen," new songs are right around the corner.Kristen Bell, who voices Anna, the younger sister of Princess Elsa [Idina Menzel] from the hit animated Disney film, shared a "Frozen 2" update on Thursday during an appearance on "Ellen.""I have recorded the movie," Bell said. "There will be edits before it's finished. I know the songs, I know the story. It's very good!"The film also features the return of Josh Gad [Olaf] and Jonathan Groff [Kristoff]."Frozen" grossed more than billion in the worldwide box office and became Disney's highest-grossing animated film of all time."Frozen 2" releases in theaters November 27, 2019. 718
Hundreds of passengers on an Amtrak train that became disconnected will have quite a story to tell around the Thanksgiving table.The Montreal to New York train was traveling near Albany, New York, at about 7:20 p.m. Wednesday when two cars separated from the engine, Amtrak spokesman Jason Abrams said in a statement. Of the 287 passengers and crew, he said, no one was injured. The passengers were transferred to a new train, Abrams said.CNN reached out to Amtrak for further details but has not heard back.Billy Osher-Dugan was traveling to spend Thanksgiving with his girlfriend when he saw the cars separate."It was packed," he said. "There were hardly any seats available."He heard a noise and turned around to see cars behind him rip apart from the train, he said. That's when one passenger pulled the emergency brake to stop the train and others -- upon smelling smoke -- grabbed the fire extinguisher.Luckily, he said, there was no fire and everyone was OK.Helen Mary Crane was with her son on the way to spend the holiday with her daughter. Crane said two cars were added to the train when she boarded in Rensselaer, New York, and that she and her son were told to sit in the first of the additions.Crane's car was one of the two to break off."As far as being with my son," she said. "I was terrified when I saw the sparks and smelled burning and then realized our car was no longer attached. I thought we would derail or be hit by the other train."She said she credits the man who pulled the emergency brake on the runaway cars for the safety of everyone. She identified him as Reuben Clarke, a student at Rensselaer Polytechnic Institute."He saved our lives tonight," Crane said. "Our car broke off from the rest of the train and was picking up speed. There was no Amtrak personnel in our car. Reuben calmly went into action and pulled the emergency brake at the front of the car. Thankful he was on the train with my son and I."The National Transportation Safety Board will not investigate since there were no injuries or a derailment, board spokesman Nicholas Worrell said.New York State Police are investigating the incident. 2147