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.”
About Jessica Priston
Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.
Cashback site Cashkaro now offers restaurant discounts
India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This
What is Viscose Material? Advantage and disadvantage of viscose.
Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r
Honda launches new CBR 250R bike
New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a
Zara has opened store at Ambience mall, Gurgaon
Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with