Featured Articles

AMD SVP John Byrne named turnaround exec of the year

AMD SVP John Byrne named turnaround exec of the year

Director of AMD’s PR Chris Hook has tweeted and confirmed later in a conversation with Fudzilla that John Byrne, Senior Vice…

More...
Shield Tablet 8 launching on Tuesday July 22nd

Shield Tablet 8 launching on Tuesday July 22nd

We knew the date for a while but as of right now we can confirm that Nvidia’s new Shield Tablet 8,…

More...
AMD confirms 20nm in 2015

AMD confirms 20nm in 2015

Lisa Su, Senior Vice President and Chief Operating Officer, AMD, has confirmed what we told you back in May 2014 – …

More...
AMD reports loss, shares tumble

AMD reports loss, shares tumble

AMD’s debt load is causing huge problems for the chipmaker -- this quarter it had another substantial loss. The tame Apple Press…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 22 January 2014 12:15

Superstore icon Sears moves more online

Written by Nick Farrell



Sears reduces High Street

The US department store icon Sears is closing its downtown Chicago flagship outlet in April as it relies more on online retailing. Apparently the store has lost "millions of dollars" since opening in 2001, a Sears spokesman said.

Writing in his bog Edward Lampert, who is Sears' CEO and top shareholder, said store closings are necessary because shoppers' habits are changing as they buy more online.

"The consensus about decreased store traffic also highlights another decision that has steered our work: we very often need less space to serve our members better and we may need fewer locations as well," Lampert said. "As difficult as these changes are, we believe the alternative of failing to plan for or even see where the retail industry is heading would be far, far worse."

Sears reported a 9.2 percent decline in comparable sales for the holiday season at its namesake chain, the latest poor showing by the retailer. The company also operates the Kmart discount chain.

Other retailers are also closing high street shops. J.C. Penney announced last week that it was closing 33 of its 1,100 stores and Macy's is closing five stores. It looks like the days of high street shopping are coming to an end.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments