Tuesday, December 27, 2011

Sears/K-Mart To Close Over 100 Stores???


Reports have surfaced of another retail chain having to close stores due to the bad economy. Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores after generating poor numbers during the crucial holiday season. The company has more than 4,000 stores in the U.S. and Canada. The Sears and K-Mart brand have been declining as of late with poor customer turnouts throughout the country. In an internal memo sent Tuesday to employees, CEO and President Lou D'Ambrosio made this statement...

"we did not generated the results we were seeking during the holidays."

Sears Holdings Corp. said it has yet to determine which stores will close but said it will post on http://www.searsmedia.com when a final list is compiled. Sears would not discuss how many, if any, jobs would be cut.

5 comments:

  1. Damn not kmart I shop there all the time

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  2. Sears and Kmart need to be remodelled... It it feel like the 80's when you stepped into one of the stores

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  3. More people losing their jobs and not going to be able to provide for their families... The revolt is coming people!!! The revolution will not be televised

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  4. They told me consumer spending was up. I wonder if that report was falsified...lotta things not adding up. Where's all the bail out money? I'm sure somebody wants to blame walmart here lol

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  5. Just another sign of the times we are in...digital is everything and companies like Amazon, Ebay, and many others will continue to put pressure on these old "kings" of retail!

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