American giant closes 96 stores

The american giant Sears Holding, which owns butikskæderne Kmart and Sears are in trouble. And now they need to close additional 96 stores. It tells the own

American giant closes 96 stores

The american giant Sears Holding, which owns butikskæderne Kmart and Sears are in trouble. And now they need to close additional 96 stores. It tells the own

Ann McDonald
Ann McDonald
08 November 2019 Friday 15:00
6 Reads
American giant closes 96 stores

The american giant Sears Holding, which owns butikskæderne Kmart and Sears are in trouble.

And now they need to close additional 96 stores.

It tells the owner of Sears Holdings, Eddie Lampert, to the Wall Street Journal.

Like many other retail chains, it is particularly the increased competition from online commerce, which has given their concept a slap on the nallerne.

It means that the group will only have 182 stores back when the 96 stores have sold their final product in February. In 2012, there were more than 4000 of its kind.

the Company Sears Holding went last year bankruptcy after 125 years, but Eddie Lampert chose to buy more than 1000 stores.

however, It has not been easy for the new owner, who continues to struggle with turning things around. Alone in 2019, the company has lost 1.7 billion dollars.

Sears and Kmart are giant supermarkets in the UNITED states, which can be compared with the Danish Bilka stores in Denmark. Just with growing pains.

Alone Kmart has a turnover of more than 25 billion dollars per year.

Updated: 08.11.2019 15:00
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