From Fortune Magazine:
Sears Holdings (SHLD, -1.89%) on Friday announced a new round of store closings, this one involving 43 locations. The company framed the move as a strategic decision, one that will aid in its hoped-for return to profitability.
The retailer, which operates the Sears department stores and Kmart discount chain, has already announced 265 closings this fiscal year. The latest paring of the fleet will leave the company with 1,140 stores, barely more than half the number of stores it operated in 2012. In this latest round of shutterings, 35 Kmart stores and eight Sears stores will close.
That's likely not the last of it, either. In a blog post, company CEO Eddie Lampert said more closings are coming.
Read the rest of this article here.
Latest from Garden Center
- Proven Winners partners with Pure Line Seeds to offer vegetable plants
- Award winners announced for 2026 PHS Philadelphia Flower Show
- Kansas City botanical garden Powell Gardens acquires IGC Colonial Gardens
- Art Van Wingerden appointed chair-elect of American Floral Endowment
- U.S. horticulture operations report $18.3 billion in sales: USDA
- Stonehouse Nursery announces ownership transition from founders to nursery manager
- From Structure to Storefront: The Retail Greenhouse Features Worth Planning For
- [WATCH] Taking root: The green industry’s guide to successful internships
