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


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…