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tdp2664 E money daily 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 day’s trading. There’s 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 Zack’s Rank: 14 out of 16 in the industry
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