Sears to close 43 more stores to cut costs
Sears Holdings Corp (SHLD.O) is closing eight of its namesake department stores and 35 Kmart locations as part of its effort to cut costs and square footage to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition to 150 that the company announced in January. Once the largest U.S. retailer, Sears has struggled with years of losses and declining sales as shoppers shift online.
Source:: https://finance.yahoo.com/news/sears-close-43-more-stores-172907417.html
