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July 01, 2014 5:50 am
01-11-2014
Sears to cut 7,000 jobs on top of 100 store closures
US retail group Sears Holdings is seeking to curb losses in time for the busy holiday buying season, announcing far-reaching job cuts and store closures.
In recent years, the group has seen falling sales, resulting in close to 100 stores being closed in the first half of 2014. The moves are seen as key in Sears’ efforts to turn around their brand. It’s physical stores remain central to that transformation, the company has stated, with plans still in place to hire seasonal staff for the vital Christmas and Thanksgiving period.
In an email to USA Today, Sears spokesman Howard Riefs stated that the number of stores quoted “isn’t accurate,” adding, “we believe the store will continue to play an integral role in our transformation, however, if a store is not generating a profit, it is straightforward that the store should be considered for closure.”
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July 01, 2014 5:50 am -
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July 01, 2014 5:50 am
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