Major Retailer To Close At Least 100 Stores

Tuesday, December 27, 2011 Major Retailer To Close At Least 100 Stores NEW YORK -- After a disastrous holiday shopping season, the parent company of Sears and Kmart will close at least 100 stores to raise cash – a move that sparked speculation about whether the 125-year-old retailer can avoid a death spiral fed by declining sales and deteriorating stores. Sears Holdings Corp., a pillar of American retailing that famously began with a mail-order catalog in the 1880s, declared Tuesday that it would no longer prop up "marginally performing" locations. The company pledged to refocus its efforts on stores that make money. HOLD UP: SEC Seeks Emergency Stop In Citi Fraud Case Treasury Dept. Declines To Name China As Currency Manipulator Use Of Stress, Antidepressant Meds Highly Correlated With Jobless Rate Ruling On BofA Deal Worth Billions To Be Heard In Appeals Court After Huge Settlement, DOJ Looking For Victims In Countrywide Case BLOG POSTS James Marshall Reilly: 'Shake the World': How to Successfully Start Your Own Business If we reframe high unemployment as an economic growing pain that will lead to a rise in startup companies that will create the jobs we need while simultaneously serving as a catalyst for the development of new products, it becomes clear what we should be doing. Starting companies. Patrick FitzGerald: The Social Entrepreneur's Dilemma In order to make a potentially game-changing idea a long-standing reality, it's highly recommended that social entrepreneurs look at their business model and ask a very simple question: Could my company be a profitable one? Glenn Llopis: What Does Leadership Look Like? It's time for us all to step back and ask ourselves the question: what is my leadership responsibility and how can I act in 2012 to make this country a better place to live in? Shelly Palmer: Are You Employable in 2012? If job creation is our number one national priority, maybe we should start by helping people learn how to properly prepare for employment in the Information Age and then, teach some basic job-hunting skills. Kent Smetters: Risk Less and Prosper The new investor book Risk Less and Prosper is a good read for those of you who are skeptical of investing in today's stock market. But it is a must-read for those of you who actually think that you know what you are doing.

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