SEARS CANADA TO CLOSE OPERATIONS, LAYING OFF THOUSANDS
SEARS HOLDINGS TO CLOSE 20 ADDITIONAL U.S STORES
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SEARS CANADA TO CLOSE 59 STORES, LAY OFF THOUSANDS AS PART OF RES...
The specific timing of the store closings has not yet been finalized. All other Sears Canada stores and the Sears e-commerce website continue to be open for business.
Read MoreSEARS TO ELIMINATE 400 JOBS IN FURTHER RESTRUCTURING EFFORTS
Since the beginning of the calendar year 2017, Sears Holdings has taken decisive steps to improve its operational performance, enhance its financial flexibility and drive its strategic transformation.
Read MoreSEARS HOLDINGS CONTINUES TO STRUGGLE TOWARDS PROFITIABILITY
The national retailer reported lower earnings and revenues for the fourth quarter of 2016, although they improved over the year before.
Read MoreSEARS SELLS CRAFTSMAN BRAND FOR $900 MILLION, CLOSES ADDITIONAL 1...
These actions aim to facilitate the transformation of Sears from a store-based, asset-intensive business model into a membership-focused, asset-light business model.
Read MoreSEARS TO CLOSE MORE STORES AS IT OBTAINS ANOTHER $500 MILLION LOAN
The stores, which total 1.9 million square-feet of space available for leasing, account for $5.9 million in rent, or 2.7 percent of the retailer’s total annual base rent as of the end of September.
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