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

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Comments (2)
  • fuzzymc
    , contributor
    Comments (198) | 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 2014, 06:39 AM Reply Like
  • minecanary
    , contributor
    Comments (1281) | Send Message
     
    and Dunkin Donuts only needs 500 sq feet at a location. Maybe we need more nail salons? NOT
    7 May 2014, 09:24 AM Reply Like
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