Monday, October 27, 2014

Decelerating News

Sears Holdings Corp. is laying off at least 5,457 workers and closing 46 Kmart, Sears and Sears Auto Center locations, many before Christmas. More closures may be added. In August, Sears announced it may close additional stores on top of the 130 closures that were already underway for 2014...Bi-Lo Holdings, parent company of the Bi-Lo, Harveys and Winn-Dixie, has decided to close 23 underperforming stores after a review of all 827 locations in its operating area by Nov. 19. Bi-Lo Holdings acquired Winn-Dixie in March 2012, and later purchased the Harveys, Sweetbay and Reid’s chains from Delhaize Group...113-year-old retailer Alco Stores Inc. and its subsidiary, Alco Holdings Ltd Liability Co. filed for Chapter 11 bankruptcy. Alco, which operates nearly 200 stores, said it hoped to sell its profitable locations and liquidate the others.

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