Investing

Sears Cuts Corporate Staff (SHLD)

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.

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