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OCEAN BEACH (KGTV)- Big waves continue to pound the coast today. A High Surf Advisory is issued until Friday afternoon at 1:00 p.m. Waves reached heights up to eight feet Thursday and along Ocean Beach Pier, some waves reached 10 feet. As we normally see during high surf, advanced surfers made their way to the beaches. In Ocean Beach, crews continued their work to repair the pier despite the high surf below. Waves up to 10 feet crashed into the pier. One Ocean Beach resident tells 10News, "you know we spend all this money to live here and this is one of our facilities, it's sad when its closed". Crews are still on track to reopen the pier by Memorial Day, according to the City of San Diego. 709
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
Olive Garden is bringing back its unlimited "Pasta Pass" promotion, which allows passholders eight weeks of unlimited pasta bowls.The restaurant plans to sell 22,000 passes at 0 each. The passes will go on sale Thursday, Sept. 14 at 2 p.m. ET and will be on sale for 30 minutes.They can be bought at PastaPass.com.Last year, the 21,000 passes that were up for grabs sold out in seconds.New this year is the "Pasta Passport to Italy," which includes an all-expenses paid trip for two to Italy.The 50 available "passports" will go on sale at the same time as the traditional passes. They will be 0 each, and include unlimited pasta and the vacation.According to the fine print, the eight-day, seven-night Italy vacation will take place on April 7, 2018. Roundtrip airfare, hotel, optional excursions and food are included.The unlimited pasta pass is good for free pasta between Sept. 25, 2017 and Nov. 19, 2017. 958
OCEANSIDE, Calif. (KGTV) — There are more complaints against an Oceanside investment company and the man in charge of that business.Team 10 has spoken to several investors who said they gave thousands of dollars to the Pacific Teak Reforestation Project, managed and developed by Pacific Management Group. Ron Fleming is listed as the founder and chairman of the board on the company’s website.The website states the Pacific Teak reforestation project “provides individuals, businesses, and institutions around the world the opportunity to build their financial future, while saving one of the earth’s most precious and scarce natural habitats: the tropical rainforest.”RELATED: Investors say they lost thousands with Oceanside investment companyAccording to the company’s sales plan, investors paid for teak trees in Costa Rica, which would eventually be harvested and sold for timber.A certified letter shown to Team 10 listed 18 investors that demanded Fleming return their money for a project they said did not deliver. That letter was delivered to Fleming’s Oceanside home this summer.“No one’s ever seen a dime,” said investor Michael Tillman, a Navy veteran who lives in Maryland."He befriended you first," added Greg Robertson, who currently lives in Rome, Italy. “[Fleming] got your confidence, your trust. Everything. Then he betrayed you.”Mark Baker, who lives in Arizona, said he grew up with Fleming. He said he invested more than 0,000 with Pacific Teak. He has yet to see any of his money. “I’ve had to come up with a plan B for retirement,” Baker said.Another investor, Virginia Hitchcock, met Fleming in 2004. “The way that he positioned it was that the investors would pay for the trees and the land would eventually be rededicated to the rain forest,” says Hitchcock.She invested close to 0,000 in this green project. According to the contract, trees were ready for harvest “at the end of the 15th year.” Hitchcock said she heard nothing when that time came.“I had faith that he would ... not cheat us out of the money that we invested,” Hitchcock said.Fleming told Team 10 he retired in 2013 due to health reasons. He said Hurricane Otto in 2016 caused “catastrophic damage” to the project. However, multiple investors said Fleming never informed them about his retirement or any hurricane damage until after they pressed him for answers.Hitchcock, now in her 60s, did not know what to do.“I just, I thought if I called the FBI, they would just laugh at me because I had done something so stupid, and gullible, and trusting,” Hitchcock said.Other investors did report Fleming and Pacific Teak to the FBI, although the agency could not confirm any investigation.There was an investigation by the state through the Department of Business Oversight, now called the Department of Financial Protection and Innovation. The state issued a desist and refrain order in 2016 against Fleming and his company. It also found Pacific Management Group did not have a proper permit to operate and said the company “never gave investors the profits promised” listed in their agreements.A spokesperson with the Department of Financial Protection and Innovation could not comment on any investigation related to Pacific Teak. However, he said desist and refrain orders are like probation and, “any discovery of further violation would result in an additional response.” That response could include fines, penalties, or criminal referrals.The spokesperson added that they strongly encourage anyone with concerns about Pacific Teak to file a complaint with their department.Fleming would not agree to an on-camera interview with Team 10. His attorney said Fleming did not do anything unethical in relationship to Pacific Management Group. In an email, attorney Dominic Amorosa added: “I am not sure whether you can find any investor in the United States who believes that an investment must necessarily be successful notwithstanding any foreseeable or unforeseeable events.” 3987
ORLANDO, Fla. (AP) — “The Most Magical Place on Earth” has reopened after nearly four months with new rules in place to help prevent the spread of COVID-19. Walt Disney World’s Magic Kingdom and Animal Kingdom reopened Saturday, while Epcot and Disney’s Hollywood Studios will follow four days later. All of Disney’s Orlando parks closed in mid-March in an effort to stop the virus’s spread. Universal Orlando and SeaWorld Orlando closed around the same time but reopened several weeks ago after instituting similar rules to protect employees and customers from the virus. The reopening comes as a huge surge of Floridians have tested positive for the new coronavirus in recent weeks. 692