Retailer plans to improve apparel sales by adjusting prices
Sears doesn't want to waste any time.
The retailer announced on Tuesday that it planned to "accelerate" the closing of at least 50 "unprofitable stores."
Sears, which also owns Kmart, originally planned to close the stores over the next few months, but poor sales have sped up the timeline.
In its earnings report Tuesday, Sears said it expects total revenue to hit $7.3 billion for the fourth quarter -- down from $8.1 billion last year.
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3 comments:
If Salisbury isn't closing it sure looks like it is closing. Sad.
Any business should close unprofitable locations, it's common sense.
A 16 dollar pair of jeans at walmart cost 35 dollars at sears. They went from being the worlds largest retailer to where they are now because of bad management. They are getting what they deserve.
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