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Sears to boost liquidity ahead of holiday shopping season
As part of its agenda to boost liquidity ahead of the highly contested holiday shopping season, Sears Holdings plans to sell most of its 51% stake in its struggling Sears Canada division to shareholders — a move that stands to raise as much as $380 million by November.
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Home Depot extends e-commerce capabilities westward
Home Depot is extending its e-commerce capabilities westward with the opening of a dedicated online fulfillment center in California.
Located in Perris, California, the 858,953-sq.-ft. facility will initially employ approximately 150 people, and eventually employ up to 300. It is one of three new DFCs opening across the US in addition to the company’s existing network.
The Locust Grove DFC opened outside of Atlanta, Georgia in February and the Ohio DFC is scheduled to open next year.