Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Thursday, February 11, 2016

Update: Sears closing at least 50 Unprofitable Stores

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.

More

3 comments:

Anonymous said...

If Salisbury isn't closing it sure looks like it is closing. Sad.

Anonymous said...

Any business should close unprofitable locations, it's common sense.

Anonymous said...

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.