Find in the news:
BY COUNTRY

Sears on downward spiral – closing stores



Sears has experienced a decline since it merged with Kmart during 2005 and there is no end in sight.
The company stated that it may sell its majority stake in Sears Canada which is responsible for 20% of the global stores. In the last year, the company has inconspicuously closed about 100 U.S. stores.  It is expected to reveal bad first quarter results shortly and may be closing additional stores.

Analyst John Kernan said that the group has too many stores and they are losing a lot of money.  The expectation is that 500 U.S. stores will be closed over the next few years and eventually Sears will disappear.

Sears used to be the largest retailer and employer in the nation.  It reshaped shopping methods in the U.S. with huge department stores and catalogues.  However, the Kmart merger spelt disaster from the onset.  Sales have dropped yearly since 2006 and it has been showing losses since 2011.

The sale of the Canadian stores will raise cash they desperately need.  The company recently sold the Lands’ End unit.  Analysts state that the company’s investment policy is their downfall.

More about shopping malls in the USA



YESTERDAY, Poland:
The coffee chain from Israel opens its first representative office in Europe and Brazil.
DAY BEFORE YESTERDAY, USA:
Following the announcement of the launch of a subscription service worth less than $100 per year, retail network shares increased by 7%.
DAY BEFORE YESTERDAY, USA:
American fashion brands Lucky Brand and G-Star Raw filed for bankruptcy and joined the so-called "march of bankruptcy" retailers.
Jul 7, 2020, Sweden:
The Swedish fashion retailer has decided to adjust its global retail network against the backdrop of the recent crisis.
Jul 3, 2020, Sweden:
The new, innovative website will be a playground for anyone who wants to experiment with the design of their homes.
Jul 3, 2020, USA:
Customers in shopping malls will be able to get a full-body scan in 10 seconds and get their exact measurements from different brands.
Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us