Sears Holdings Corp. (NASDAQ: SHLD) has announced a staff cut of 100 positions at its corporate headquarters in Hoffman Estates, Illinois. The parent of retailers Sears and Kmart employs about 6,600 people at the site. According to MarketWatch, the job cuts cover a variety of positions.
We had Sears as our Chart of the Day this morning and the stock is trading up about 3% in the mid-afternoon at $54.26 in a 523-week range of $51.14-$94.79.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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