Sears Holdings (NASDAQ:SHLD) Planning Store Closure

Sears Holdings (NASDAQ:SHLD) has plans to close its Union City store. Sears
Holdings (NASDAQ:SHLD) Planning Store Closure Sears Holdings (NASDAQ:SHLD), the
retail chain, has declared that its department store in Union City will be
closed in December, creating the loss of almost 100 jobs. This decision has been
taken as a result of the shop's under performance. Kimberly Freely, a Sears
Holdings Corp. spokeswoman, said that, "The store will be shuttered because it
is an underperformer". The store would begin liquidating on Aug 28. Sears
Holdings (NASDAQ:SHLD) plans to close the store at the beginning of December but
that can be a little flexible based on the liquidation. The 92 associates who
now work there will be notified of openings at other Sears stores. Those who
qualify will receive severance. The retailer does not plan to close any other
stores in metro Atlanta". Sears Holdings (NASDAQ:SHLD) shares were at 55.23 at
the end of the last days trading. Theres been a -20.7% movement in the stock
price over the past 3 months. Sears Holdings (NASDAQ:SHLD) Analyst Advice
Consensus Opinion: Moderate Sell Mean recommendation: 3.67 (1=Strong Buy,
5=Strong Sell) 3 Months Ago: 3.67 Zacks Rank: 14 out of 16 in the industry