Chicago is My Home

25
Jan

Sears Holdings in Chicagoland Plans to Reorganize Units

Author: Adam Fendelman, Category: Business

Sears in Chicagoland – blaming a slowdown in the housing market, consumer credit fears and competition growth – will reorganize to try and invigorate the slumping retailer.

The restructuring will create different units of management for its real-estate division and the Diehard and Craftsman brands. The retailer, which includes Kmart stores, has faced stiff competition from Wal-Mart in recent years. The details of the reorganization are not yet clear for more than 3,800 stores nationwide.

By Stephanie Huls