Jessica Tyler, provided by Published 9:46 am CDT, Thursday, August 23, 2018 In this March 28, 2018, file photo, a man walks in front of a Sears sign in San Bruno, Calif. In a move announced Monday, May 14, Sears Holdings Corp. says a special committee of its board is starting a formal process to explore the sale of its Kenmore brand and related assets. (AP Photo/Jeff Chiu, File) less In this March 28, 2018, file photo, a man walks in front of a Sears sign in San Bruno, Calif. In a move announced Monday, May 14, Sears Holdings Corp. says a special committee of its board is starting a formal ... more Photo: Jeff Chiu, Associated Press Moody's Investment Service, via TIME Money, released a new report highlighting major retailers who are at risk of bankruptcy. This comes during a year when retail chains are closing hundreds of stores across the country due to declining sales and growing online markets. See … [Read more...] about Sears is closing 46 more stores. Here are all of the locations shutting down where you live. (SHLD)
Which sears is closing
Sears is closing more locations around the country this fall. Sears Holdings announced that it is closing 46 more Sears and Kmart locations across the country in November.Employees working at 13 Kmart stores and 33 Sears stores were notified about the Kmart and Sears closings taking place in November during the holiday shopping season. Sears is closing its locations because of a dramatic loss of sales in the last few years and is looking to focus more on stores that are doing better in sales. “As part of our ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus on our best stores, this week the company informed associates at 46 unprofitable stores that we will be closing these stores in November 2018,” the company said in a statement.“We continue to evaluate our network of stores, which is a critical component to our integrated retail transformation, and will make further adjustments as needed,” … [Read more...] about Sears is closing more stores, see if your location is on the list
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Hayley Peterson, provided by Published 6:05 am CDT, Thursday, August 23, 2018 The Sears store today at Memorial City Mall. The Sears store today at Memorial City Mall. Photo: Google PHOTOS: Retailers on the edgeSears' new Memorial-area store in 1964.>>Here are some companies that could face bankruptcy this year... PHOTOS: Retailers on the edge Sears' new Memorial-area store in 1964. >>Here are some companies that could face bankruptcy this year... Photo: Houston Chronicle CreditRiskMonitor estimates the risk of a company going bankrupt within 12 months based on several streams of data. According to Retail Dive, the service uses that data to assign a proprietary rating, called a "FRISK" score that weighs the probability of bankruptcy. A FRISK score of one indicates a 9.99% to 50% chance of bankruptcy within 12 months, and a score … [Read more...] about Sears is closing 46 more stores. Here’s the full list.
Sears Holdings is closing more stores. The company said this week it is shuttering 46 more stores in November. The locations are spread across the U.S. (See a full list below.) "We continue to evaluate our network of stores, which is a critical component to our integrated retail transformation, and will make further adjustments as needed," the company said in a statement. Liquidation sales at the 33 Sears stores and 13 Kmarts are expected to begin next week, according to Sears. The company also said that eligible workers will receive severance and be able to apply for openings at other nearby stores. Sears said in January it was planning to shut more than 100 stores. It then announced another round of roughly 100 store closures in May. Sears was operating 894 stores as of May 5, which is the latest available total provided by the company. With CEO Eddie Lampert at the helm, Sears has been trimming its real estate footprint as sales dwindle at its stores and … [Read more...] about Sears Is Closing 46 More Stores — Here’s Where They Are