Sears CEO Announces Plans to Shut Down More Stores

Hoffman Estates, Ill.-based department store chain Sears Holdings Corp. (SHLD) has announced plans to close 43 more unprofitable Kmart stores and Sears locations. Chief Executive Officer (CEO) Eddie Lampert said on Friday that the move is part of a larger effort to cut costs and “focus on its best stores” as the retailer aims to restore profitability on the verge of bankruptcy. Shares of Sears fell another near 2% on Friday, trading down 5.8% on Monday morning at $7.33 per share. SHLD has lost 21.1% of its value in 2017 and has declined 48% over the most recent 12-month-period. "This is part of a strategy both to address losses from unprofitable stores and to reduce the square footage of other

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  Kmart Stores Closing List 2017: 35 More Locations Announced

  InvestorPlace
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  Sears to close 43 stores, one in Louisville area

  Nashville Business Journal

Most people blow 70% of their money on 3 things — and cutting back could be the key to retiring much earlier

Retirement might seem light-years away, but if you get to your golden years with insufficient funds, it's guaranteed to be even further. Saving enough over a 40-year career to maintain your lifestyle in retirement is challenging. Grant Sabatier, a 30-something self-made millionaire who founded the finance blog Millennial Money, pointed out on his website that Americans on average spend 70% of their money on housing, transportation, and food (not including income taxes and Social Security).

FedEx Freight drivers at a Charlotte facility vote to decertify Teamsters union.

A group of FedEx workers has decided to say goodbye to its union. FedEx announced that city and road drivers at a FedEx Freight service center in Charlotte voted to “decertify the Teamsters union as its bargaining representative.” “FedEx Freight respects the right of our team members to decide for themselves if they want to be part of a union. We are pleased with these results and continue to believe that our thriving, competitive work environment provides a more flexible, team-oriented, and customer-focused work model than the union can offer,” the shipping giant stated in a release. Road drivers from a FedEx Freight service center in Croydon, Pennsylvania, have also filed with the National