Starborn Tough Pack Driver Bits
STARBORN TOUGH PACK DRIVER BITS are packed in a shock resistant case that is tough enough for professional contractors. Tough Packs are extremely practical accessories for any deck installation or jobsite. Each Tough Pack contains 30 one-inch insert bits or 15 two-inch bits in a wide range of recess types – Phillips® ACR®, Torx® and Square – and sizes.
For more information contact Michael Barnett at 800-596-7747 or email [email protected]
Sales of new homes fall 13.4% in July
Sales of new single-family houses in July 2013 were at a seasonally adjusted annual rate of 394,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 13.4% below the revised June rate of 455,000, but is 6.8% above the July 2012 estimate of 369,000.
The median sales price of new houses sold in July 2013 was $257,200, and the average sales price was $322,700. The seasonally adjusted estimate of new houses for sale at the end of July was 171,000. This represents a supply of 5.2 months at the current sales rate.
Loss widens at Sears Holdings
With fewer Kmart and Sears full-line stores, Sears Holdings revenues declined 6.3% to $8.871 billion in the second quarter ended Aug. 3.
The company also saw domestic comparable-store sales decline 1.5% — down 2.1% at Kmart and down 0.8% at Sears Domestic.
The company posted a net loss of $194 million, compared with a net loss of $132 million in the same quarter last year. Year to date, the company reported a net loss of $473 million.
Still, CEO and Chairman Eddie Lampert described progress.
The company said its online business on sears.com and kmart.com grew 20% over the prior-year second quarter.
“We made meaningful progress this quarter in our transformation to a member-centric company,” he said. “Shop Your Way members represented over 65% of our sales and they redeemed rewards points at a significantly higher rate than last year. While the increase in Shop Your Way promotional activity and member redemptions resulted in a meaningful increase in our costs, it demonstrates that our members are deepening their engagement with our program which will allow us to further accelerate our transformation. At the same time, we recognize how important it is to improve the profitability of our company, and I am disappointed that we did not deliver a better result."
Sears Domestic comparable-store sales declined 0.8% due to a decrease in the home appliance category, which was partially offset by increases in the lawn & garden, apparel and home categories.
Revenues were also affected by the separation of Sears Hometown and Outlet Stores (SHO), which occurred in the third quarter of 2012 and accounted for $195 million of the decline.
Sears currently operates 1,195 Kmart stores, and 841 Sears Domestic stores. Last year, it had 1,261 Kmart stores and 2,096 Sears Domestic stores.