Thread regarding Sears layoffs

Sears Holdings Closing 10 Sears and 68 Kmart Stores In July

Sears Holdings closing 68 Kmarts and 10 Sears stores

CNBC.com staff | @CNBC

49 Mins Ago Breaking News

Sears Holdings said it will close 68 Kmart stores and 10 Sears stores in an effort to get back to profitability.

The company said in February it planned to close unprofitable stores.

All of the Sears stores and almost all of the Kmarts will close in late July. Liquidation sales are expected to start in the coming days.

Sears shares rose 5.6 percent in after-hours trading following the news.

See store list at CNBC.com

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Post ID: @OP+H1bIKTF

5 replies (most recent on top)

I don't understand how death notices for SHC could make stock go up? I just know how it feels to watch it all die. It is so hard to NOT care anymore about your duties. New people only see what is now and don't care. I have to learn to not care because it will not matter anymore. It really is hard to not care.

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Post ID: @6ezk+H1bIKTF

If the price of the stock goes up when Sears announces store closings,you should see how sales double and triple when they have a liquidation sale. May be they should announce a closing each month,they later on say they changed their mind,now the store is staying open. It would be one way to increase sales!

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Post ID: @5skv+H1bIKTF

so closing stores makes the shares go up. Stock market is so stupid. Company performance has nothing to do with anything.

Imagine how the stock would soar if they closed ALL the stores...think of the money they'd save

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Post ID: @5fwv+H1bIKTF

Went to replace a proprietary chain for a sears electric chain saw. They don't make it any more. Went to replace an 18 volt battery for my drill. It cost $69, I didn't buy it. Bought a new drill at home depot They changed the design of the 18 volt drill, but the battery for the new design is only $19.99. I will never shop at at sears again.

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Post ID: @1adb+H1bIKTF

:'( the end is near

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Post ID: @1yrq+H1bIKTF

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