• Advertisement
To advertise, place classifieds free ads by category in a forum as a new topic, or in the classified display ads section, or start a classifieds free blog.

Sears to close another 78 stores, 5 percent of total

Sears to close another 78 stores, 5 percent of total

Postby smix » Fri Apr 22, 2016 7:38 am

Sears to close another 78 stores, 5 percent of total
Reuters

URL: http://www.reuters.com/article/us-sears ... SKCN0XI2TF
Category: Business
Published:

Description: (Reuters) - Sears Holdings Corp said on Thursday that it would close 78 stores in the coming months, or about 5 percent of its total store network, the loss-making retailer's latest move to shrink its operations. The company, which had 1,672 stores as of the end of January, said it would close 10 Sears department stores and 68 Kmart discount stores, with nearly all of the closings occurring in late July. For years Sears has slashed costs and sold assets and sought to remake its business model built around a smaller store base, innovative online services and data-driven loyalty program. So far those efforts have not restored profitability. In February, Sears had warned that it was looking to cut staff and accelerate store closings.
User avatar
smix
 
Posts: 1797772
Images: 1
Joined: Sat Aug 10, 2013 8:05 am
Blog: View Blog (0)

  • Similar Topics
    Replies
    Views
    Last post

Return to Department Stores


Mobile Device
  • 1
  • FREE CLASSIFIED ADS
    Free Classified Ads
    There are 3 ways to advertise - your choice: you can place free ads in a forum topic, in the classified display ads section, or you may start your own free blog. Please select the appropriate category and forum for the ad content before you post. Do not spam.
    Caveat emptor - let the buyer beware. Deal at your own risk and peril.
  • Advertisement