Sears eliminates 100 HQ jobs
Sears Holdings has announced it will eliminate 100 jobs at its headquarters, a move sparked by lagging sales combined with a corporate restructuring plan at the parent of Sears and Kmart stores.
According to the Chicago Tribune, jobs affected by cuts came from several different departments, including operations, logistics and store support.
The Hoffman Estates, Ill.-based company has been struggling of late, with fourth-quarter earnings down 47.5 percent year-over-year and sales down 6.8 percent. To spur sales, the company launched a new ad campaign last month called “ReImagine You,” which is slated to run through May.
In February, the company cut 200 jobs, and some key home channel executives departed the company, including Tina Settecase, vp-Kenmore appliances, and Greg Inwood, vp-Craftsman tools, hardware and paint.
In March, the company appointed some new key executives, including Douglas Moore to the position of senior vp and president-appliances and John Froman as head of the retailer’s tools and lawn and garden divisions.