Sears announces another closing — but this one doesn’t involve stores

Sears Holdings will shutter its apparel design office in New York City.



The struggling retailer will shutter the 154-employee office in July, reported the New York Post, which cited a Department of Labor filing.



Sears will move approximately 40 positions to an existing site in San Francisco, with the remainder positions to be cut, according to the report.



“Their apparel business has been so irrelevant for so long,” said Evercore ISI analyst Matt McGinley in the Post article. “Increasingly, people don’t feel the need to go to Sears to buy their refrigerator and underwear in the same store.”



Last week, Sears announced it would close 78 unprofitable stores this summer, including 68 Kmart and 10 namesake stores.