Name: Sears Is Closing at Least 50 More Stores
Uploaded: 2016-02-09
Duration: 52 s
Description: And more assets

Plans to transform Sears into a hot modern retailer aren't playing out according to the script. The retailer said it will close another 50 stores after closing hundreds of others in the past few years. And it might sell other assets like its auto service business to raise much needed cash Sears' holiday sales dropped 6. 9 % from a year earlier. That's the worst drop among major retailers except for the 7. 2 % drop at Kmart, which is also owned by Sears Holding. JCPenny, Macy's, and Kohl's all saw slight increases despite warmer weather. Sears sales have been falling for a year and a half straight and as Fortune reports, selections are Goodwill thrift stores are more popular among women. Sears raised $ 2. 7 billion last year by selling it's best locations to investors after selling Sears Canada and Land's End before that