Great Indoors closing several stores
polkatese
Posts: 6,767
HOFFMAN ESTATES, Ill. -- Sears Roebuck & Co. said Thursday it plans to close four underperforming stores in The Great Indoors chain of home decorating and remodeling centers.
Sears, calling the announcement a refinement of its business strategy, said it will close three Great Indoors stores in Arlington and Willowbrook, Texas, and in Cincinnati by year's end. It also plans to convert a fourth Great Indoors store in Shelby, Mich., into an outlet store.
The retailer plans to take a charge of up to $100 million in the fiscal third quarter for the closings and conversion. Sears says the charge was not factored into its July announcement that it anticipated full-year earnings per share to be between $4.80 and $5.00 per share.
Watch out for these stores. For those who lives in the vicinity, there is the potential of LSi's sales way below MSRP.
Sears, calling the announcement a refinement of its business strategy, said it will close three Great Indoors stores in Arlington and Willowbrook, Texas, and in Cincinnati by year's end. It also plans to convert a fourth Great Indoors store in Shelby, Mich., into an outlet store.
The retailer plans to take a charge of up to $100 million in the fiscal third quarter for the closings and conversion. Sears says the charge was not factored into its July announcement that it anticipated full-year earnings per share to be between $4.80 and $5.00 per share.
Watch out for these stores. For those who lives in the vicinity, there is the potential of LSi's sales way below MSRP.
I am sorry, I have no opinion on the matter. I am sure you do. So, don't mind me, I just want to talk audio and pie.
Post edited by polkatese on
Comments
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Maybe we should play guess the country the IP is in?
So one of the mods doesn't beat me, I'm going to guess Ukraine.
ScottWithout music to decorate it, time is just a bunch of boring production deadlines or dates by which bills must be paid. ..... Frank Zappa -
Great.
A little late guys, This thread is over ....Maybe we should play guess the country the IP is in?
So one of the mods doesn't beat me, I'm going to guess Ukraine.
Scott
8 YEARS OLD“The two most important days in your life are the day you are born and the day you find out why.” ~ Mark Twain -
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It's old, but they are closing one in the Denver metro area if it helps any...
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A little late guys, This thread is over ....
8 YEARS OLD
Right.....
I was referring to kaleigh24's "2" post count and that he resurrected a similiar thread about closing KMarts from 4 years ago.
My mention of the IP, was that he was a really a spammer. Trying to get a couple legit posts, so he see if by posting his permissions improved (could see more on the forum).
ScottWithout music to decorate it, time is just a bunch of boring production deadlines or dates by which bills must be paid. ..... Frank Zappa
