NEW YORK — Between 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers. Sears has yet to determine which stores will be closed, but there has been a clear shift in where the retailer will devote its resources. The company is moving away from its practice of propping up “marginally performing” stores in hopes of improving their performance. Sears said it will now concentrate on cash-generating stores. “Given our performance and the difficult economic environment, especially for big-ticket items, [ Read More ]
Archive for the ‘Site/Branch Closings’ Category
Reduction in Force (RIF) is a valid business reason for an employer to discharge its employees. Certain circumstances make it financially necessary for an employer to decrease the volume of its staff, and the law does not prevent an employer from taking this type of action. However, it is illegal for an employer to make discriminatory terminations under the guise of a RIF. Sometimes employers improperly include certain employees in a RIF based solely on their race, sex, national origin, religion, color, age, or disability. Many times a RIF has a disproportionate effect on members of a certain protected class. [ Read More ]
