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Sears Holdings looks for more stores to close

  • Sears Holdings (SHLD) is expected to announce more store closings as Eddie Lampert looks to execute on an ongoing initiative to cut losses
  • The retail sector has been overrun with store closing announcements following a tough winter for mall traffic. A plan announced yesterday by Office Depot (ODP) to slash 400 stores gave its shares a well-needed 15.8% jolt.
  • Sears says it will also look to act more like a landlord by leasing store space to retailers striving to increase their footprint
Comments (2)
  • fuzzymc
    , contributor
    Comments (102) | Send Message
     
    Shouldn't have to look very hard to find stores to close. Would be much harder to find ones to keep open!!
    7 May, 06:39 AM Reply Like
  • minecanary
    , contributor
    Comments (411) | Send Message
     
    and Dunkin Donuts only needs 500 sq feet at a location. Maybe we need more nail salons? NOT
    7 May, 09:24 AM Reply Like
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