Guam News - Guam News
On Tuesday, SHC announced they would be closing between 100 and 120 locations nationwide due to falling sales.
According to the latest release from SHC, “This list represents 79 of the 100 to 120 store closings that were announced in the December 27, 2011 Sears Holdings press release."
Additional updates will be posted to www.searsmedia.com as they become available.
SHC reports that as of December 27th, sales at their K-Mart stores fell -1.8% year to date, while sales at their Sears stores dropped -3.3%.
SHC says the closings will generate $140 to $170 million in savings. It is not clear yet how many people will be laid off.
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