Sears announces more layoffs amid store closures


Sears has laid off 200 workers at its corporate office as the company continues to suffer from declining sales and the closures of stores over the last several months.

The newest layoffs affect the Sears Holdings corporate offices in Hoffman Estates, Ill., according to a note from CEO Eddie Lampert that CNBC obtained.

“As we work to advance our strategic transformation, we all know that we must return the company to profitability in order to retain the confidence of our constituents,” Lampert said in the note. “This means continuing to look at ways to streamline our operations while staying focused on our Best Members, Best Categories and Best Stores.”

»RELATED: Mall stores: How tastes have changed shopping trends

Sears also cut 220 jobs from its corporate office in January, for a total 420 corporate layoffs this year.

These layoffs come amid announcements of about 100 Sears closures across the nation. No Sears stores in the region were shuttered, but other stores in Ohio including Cincinnati, Lima, Strongsville and Youngstown made the closure list.

The Illinois-based company took a $424 million first-quarter loss this year.

»BIZ BEAT: $250 Kroger coupon circulating on social media a fake; company warns don’t click on it

“We continue to fight every day to improve the performance of Sears Holdings,” Lampert said.

Sears has several locations in the Miami Valley, including anchor stores at the Dayton Mall, the Mall at Fairfield Commons and the Miami Valley Centre Mall in Piqua. There are more than 50 in Ohio.

Sears Holdings also operates Kmart. All local Kmart stores have closed.

FIVE FAST READS

• Kroger to open digital headquarters in Cincinnati

• Golden Nugget owners selling restaurant

• Are you an Amazon Prime member? Your Whole Foods bill will now be less

• PHOTOS: Historic Springboro luxury home for sale

• Basket maker Longaberger, parent file for Chapter 11 bankruptcy



Reader Comments ...


Next Up in Local

Hamilton neighbors meet on High-Main Bridge for unique event
Hamilton neighbors meet on High-Main Bridge for unique event

For one evening, the Great Miami River didn’t divide Hamilton’s residents, thus fueling the East Side vs. West Side debate. Instead, the bridge over the water was a connector. Hundreds of residents — representing Hamilton’s 17 neighborhoods — gathered on the city’s High/Main Bridge as a way to show unity. It was...
Florida deputy fatally shoots wife, then himself with kids in home 
Florida deputy fatally shoots wife, then himself with kids in home 

A Florida sheriff’s deputy fatally shot his wife Monday morning before shooting himself in an apparent murder-suicide, the Tampa Bay Times reported. >> Read more trending news  Pasco County Sheriff Chris Nocco said four children were in the home at time of the shooting. He said the deputy, whose name has not been released, worked...
Dublin Pub launches new menu, planning two great events this week
Dublin Pub launches new menu, planning two great events this week

Not only did the Dublin Pub recently roll out a new seasonal menu last week, it has plenty of great events coming up this week to enjoy.  Their annual Greek tasting will take place from 6-9 p.m. Sept. 25 featuring pairings of scotch from the Glenrothes Distillery, dishes from the imagination of Chef Melissa Deaton, and cigars brought by George...
Crash shuts down I-70 east near I-675 in Clark County
Crash shuts down I-70 east near I-675 in Clark County

All lanes of Interstate 70 East are shut down east of Interstate 675 following an earlier crash involving a car and a semi.  We’ll continue to update this page with the latest as it becomes available.  At least two lanes of Interstate 70 East are blocked east of Interstate 675 in Mad River Twp., Clark County following a reported crash...
New state law improving truancy rates in Greene County schools
New state law improving truancy rates in Greene County schools

A new state law aimed at reducing truancy in public schools means officials are working more with students and parents before a complaint is filed in juvenile court. Passage of H.B. 410 has redefined what it means to be truant and has put the onus on school districts to work with parents in identifying and removing barriers to their children attending...
More Stories