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Sears Holdings gives update on restructuring, real estate and finances
Things aren’t getting any better at Sears Holdings, at least not sales wise. The struggling chain on Friday provided an update on its restructuring program, increased its cost-saving target, and also gave a first quarter update. Since the beginning of the fiscal year, same-store sales at Sears and Kmart declined 11.9% on a combined basis, 10.8% when excluding consumer electronics, compared to the year-ago period. -
Online giant expands its supply network in New Jersey
Amazon’s distribution fleet is once again bolstering its breadth. The online giant plans to open three additional fulfillment centers in New Jersey. The new sites in Cranbury Township, Edison and Logan Township, a move that will create more than 2,500 new, full-time jobs.