Sears Is Closing More Stores
Sears Holdings Corp., which is based in Hoffman Estates, Illinois, has announced that they will be closing over 70 stores throughout the Unites States. The first quarter was apparently very tough for the retailer as they reportedly lost $424 million, or $3.93 per share.
So far there's no word on whether the Frandor Sears location in Lansing will be closing. According to a report from CNN, the list of stores that will be closing soon has not officially been released. The company plans on releasing the store closing list later today. (Thursday, May 31st, 2018) The company closed a total of nearly 400 stores during the past 12 months, and now has a total of 894 left, including the 72 slated for closure.