More bad news for brick and mortar stores

Sears Holdings Corp. (NASDAQ: SHLD) plans to close an additional 150 non-profitable stores — 109 Kmart and 41 Sears stores — to stem losses. Click here for more detail!

Macy’s estimates its work force will be cut by 6,200 and 3,900 workers will be displaced by the store closures and some of these employees could be reassigned. Of the 68 stores Macy’s is closing, three were shuttered mid-year, 63 will be closed in early spring, and two will be closed in the middle of the year. Click here for more detail!

What is your opinion concerning the retail market (brick & mortar Vs. online)?

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