J.C. Penney (JCP) plans to close 130 to 140 stores and offer buyouts to 6,000 workers as the department-store industry sags in competition with online sellers and nimble niche retailers. The company said Friday that it would shutter 13% to 14% of its locations and introduce new goods and services aimed at the shifting preferences […]
Tag: Sears
Kmart And Sears Drop Trump Retail Products
Two big box retailers have decided to stop selling Donald Trump’s brand of home products from their websites, as backlash builds against his administration. The Trump Home Line, which is owned by the Trump Organization, is no longer available on the Kmart or Sears websites, according to Business Insider. Sears insists that the decision is […]
Sears On Brink Of Bankruptcy
Business Insider spoke with more than a dozen employees, ranging from store clerks to senior executives, about the unraveling of Sears. Many spoke on the condition that they not be identified for fear of legal retribution from Lampert and Sears, including one person who specified that she would only speak off the record upon the […]