Sears could close more stores, cut jobs in effort to cut $1 billion in 2017

Standard

Sears Holdings Corp. on Friday said it would slash costs by at least $1 billion this year in a restructuring that could mean more job cuts and store closings.

The Hoffman Estates-based retailer also said it was writing down the value of the Sears name by $350 million to $400 million.

Sears previously…

fromhttp://www.baltimoresun.com/business/ct-sears-1-billion-cost-cuts-0211-biz-20170210-story.html

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