Sears Gets Trim For The New Year
Sears Roebuck is spending $60 million to automate 6,900 clerical jobs out of existence. On Jan. 7, the troubled retailing giant said it will install 28,000 computerized cash registers at its 868 stores in the U.S. The move should reduce annual operating expenses by about $50 million. Separately, Sears announced plans to sell a minority stake in its credit-card processing unit. A company spokesman says that Sears may sell other "peripheral" businesses.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.