Major retailers close stores after low holiday sales
By: Micah Price ~Staff Writer~ Several U.S. retail giants have recently announced the closure of a number of locations nationwide, citing poor sales. Sears, Roebuck & Company revealed Jan. 5 that 109 of its K-Mart stores and 41 of its Sears Outlets would be closing, with most locations planning to cease operations by the end of March. This news comes after the company announced the sale of its Craftsman tool brand to Stanley, Black & Decker. Sears closed 200 stores in 2015 and 78 in 2016. The company did not comment on how many employees would be affected, but stressed … Continue reading Major retailers close stores after low holiday sales
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