|
Sears to open 15 stores
|
 |
January 7, 2002: 6:56 p.m. ET
Nation's No. 4 retailer to remodel 50 stores, as part of four-year plan.
|
NEW YORK (CNN/Money) - Sears Roebuck and Co., the nation's No. 4 retailer, announced Monday plans to open 15 new stores and remodel another 50 by the end of the year.
Sears (S: down $0.13 to $49.52, Research, Estimates), based near Chicago in Hoffman Estates, Ill., will open new full-line stores in locations including Durham and Raleigh, N.C.; Peru and North Riverside, Ill.; Bel Air, Md., and Glendale, Ariz. Seven of the 15 stores are relocations within local markets, the company said in a statement.
The company also plans to revamp 50 stores, the first wave of its four-year remodeling program wherein 600 locations will be updated. The revamps, which will begin in second quarter, are part of Sears' strategy to revitalize its full-line stores.
"We'll emphasize better classic apparel while highlighting our strong appliance, electronics and home improvement merchandise," CEO Alan Lacy said. 
|
|
|
|
|
 |
|
