Tag Archives: Closing

Sears Closing 100 Stores, Laying Off Over 5,000 Workers

Filed under: Company News, Retail, Layoffs, Consumer Issues, Stores Alamy By Sruthi Ramakrishnan Struggling retailer Sears Holdings (SHLD) will lay off at least 5,457 employees and close over 100 stores, many before Christmas, according to a Seeking Alpha report citing liquidation notices and employees. Sears shares rose 4.6 percent to $ 36 in premarket trading. At least 46 Kmart stores, ...

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Despite Turnaround, J.C. Penney Seen Closing More Stores

Filed under: JC Penney, Retail, Stocks, Stores, Investing Spencer Platt/Getty Images By Krystina Gustafson | @KrystinaGustafs Things have certainly been looking up at J.C. Penney (JCP) over the past few months. After about two years of declining same-store sales, the department store finally gained traction in its turnaround by reversing this metric and posting positive comparable-store sales for three-straight quarters. ...

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