By  on December 27, 2011

Sears Holdings Corp. is the latest company to join the store-closing game that is likely to be a major feature of retailing in the year ahead.

The company on Tuesday said it expects to close between 100 and 120 Kmart and Sears full-line stores, or 5 percent of its 2,200 full-line store locations. It joins the ranks of specialty women’s chains Talbots, Coldwater Creek and Christopher & Banks, which are cutting their store base by 12 to 15 percent each. In addition, Gap Inc. said at its annual investors meeting in October that it plans to shave 189 locations from the brand’s nonoutlet fleet in North America, reducing it to 700 stores by the end of 2013.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus