Sears Holdings closes 20 more stores, trying to contain the negative effects of the crisis for retail trade.
The company will close 18 stores Sears and two locations to Kmart. Therefore, the number closed during the year stores will be 260 and the number of remaining company locations will drop to 1100.
In March, the company has acknowledged that there is «serious doubt» regarding the fact that Sears can survive in the market under pressure from online retailers. However, I hope the company maneuvers to reduce the number of stores and other strategies retailers will significantly improve its chances of recovery.
This year, Sears Holdings has lost $ 1 billion, mainly due to the closure of shops and got cash, sell your brand Craftsman company Stanley Black & Decker.
«We understand that members of our client program may be disappointed when we close the store, but our membership platform to Shop Your Way, web sites and mobile applications allow us to maintain these valuable relationships for a long time and once the shop closes its doors,» said the company. «We hope to maintain these relationships, and even develop relationships with those who buy our place».
