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Report: Sears clerk steals $3.7 million in merchandise
Hoffman Estates, Ill. –- An inventory clerk at a Sears Holding Corp. distribution center in Logan Township, N.J., has reportedly been arrested for stealing merchandise worth $3.7 million in retail value and selling it for both cash and bartered services to a network of individuals in the tri-state area. According to the New Jersey Star-Ledger, following an investigation by Sears loss prevention officials and local and county police, Kim Watson, 32, was arrested on Friday, Oct. 17. -
Saks to close store in Hackensack, N.J.
New York -- Saks Fifth Avenue announced that it plans to close its Saks Fifth Avenue store in the Shops at Riverside in Hackensack, N.J. The store is expected to close in late 2014. “Closing a location is never an easy business decision. At this time, we are committed to offering support and assistance to our team affected by the closing,” commented Marigay McKee, President of Saks Fifth Avenue.

