Sears Is Closing 28 Kmart Stores and Americans One of America’s largest department store chains, Sears Holdings Corp (NASDAQ:SHLD), has announced that it is closing another 28 Kmart stores this year, in addition to the 330 store closures that it already announced earlier this year.
Sears Store Closures This Year Cross 350 One of America’s largest department store chains is continuing to struggle to stay afloat. Sears Holdings Corp has announced in its latest quarterly call that the company will be closing another 28 Kmart stores later this year.
Besieged retailer J C Penney Company Inc’s (NYSE:JCP) share price is under attack after it missed second-quarter estimates and its losses widened. The company’s margins were weighed down by the liquidation of 127 stores in the second quarter. News of the widened losses sent investors to the exits—the stock cratered more than 15% and is (more…)
Rochester Residents Blame Trump and Cuomo for Factory Closure Multinational conglomerate General Electric Company (NYSE:GE) has announced that it is closing a manufacturing plant in Rochester, New York. The news has left local residents frustrated with both the company and the government. News broke mid-week that, following the factory closure, 90 workers will lose their jobs. The plant, (more…)
Walmart’s Sam’s Club Closing in Manchester Walmart-owned Sam’s Club is closing a store in Manchester, New Hampshire by mid-August. The store will permanently close on August 18 and will put 130 employees out of work.
Gordy’s Market to Close Chippewa Commons Location A half-century-old local grocery chain in Wisconsin, Gordy’s Market, is closing yet another store location as it continues its restructuring initiative. The family-run company, based in Chippewa Falls, announced that it is closing its store at the Chippewa Commons shopping mall. The company has not disclosed how many workers (more…)
Bank of America Closing Two Rural Branches America’s second-largest bank is continuing to close its underperforming branches. Bank of America Corp (NYSE:BAC) has announced two branch closures in California this week: one in Lakeport and another in Ukiah.
Textile company DuraFiber Technologies is planning to close three factories in North Carolina and South Carolina, which will result in hundreds of layoffs.
An American retailer of children’s apparel is closing hundreds of stores this year as it struggles to restructure its business following its bankruptcy procedures.
Classic department store chain Sears Holdings Corp is closing 43 more stores across the United States, adding to the hundreds of closures announced earlier this year.