Welcome to the Fashion Blog

Are you interested in learning about high end haute couture, prêt-à-porter and avant-garde? We hope so because you will learn about these topics as well as find style reports about emerging designers, new lifestyle brands, cutting edge fabrics, and much more. Anything relevant to the fashion industry is open for discussion.

Enjoy the fashion blog to obtain your daily dose of inspiration. Keep your wardrobe as trendy as your mind.

Thursday, February 11, 2016

Sears Closing Stores in 2016: Some Stores

Sears appears to have plans for closing approximately 50 stores.  According to a Sears press release from earlier this week regarding their fourth quarter performance, they mention, “We will accelerate the closing of unprofitable stores, including, but not limited to, roughly 50 stores that we recently announced would be closing in the next few months. We also intend to continue to evaluate and optimize our cost structure, including optimizing store-level marketing expenditures and overall staffing levels, and we will be taking action to reduce our fixed costs, and to improve our inventory management and gross margin realization.”

In regard to real estate, Sears reported that, “the sale of 266 properties to Seritage raised significant cash for Sears Holdings, which we used to reduce our debt, fund our pension plan and to absorb operating losses. While we do have lease obligations associated with the sale-leaseback transaction with Seritage, we expect the nature of the leases will lead to substantially reduced lease expense over the next few years. We expect that our rent obligations will decrease significantly as space in these stores is recaptured as permitted under the terms of the leases. We separate the reporting of the Seritage rent expense to allow investors and other stakeholders to better understand these costs and to allow them to track how the rents decline over time.”  You can learn more about Sears and the Seritage REIT from our previous blog post on the subject.

Sears Holdings is clearly having their challenges.  We at Apparel Search hope that the steps they are taking will guide them to a more profitable future.  Let’s hope.

You can read the full Sears Holdings Provides Fourth Quarter Financial Update press release from the Sears website.  If you wish to support Sears with the performance of their future financial reports, you can shop for clothing at Sears.


We hope this fashion retailer news helps you learn more about the apparel industry.  Yes, Sears sells other products as well, but we assume that clothing is their favorite thing to sell.

Thank you for taking the time to read our apparel retailer blog post. We hope that you have found this news about Sears closing a few stores to be informative.  If you have comments or questions, please add your thoughts in the discussion area below.

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Fashion blogs typically cover various aspects of clothing, footwear and personal style. Ours is exactly what one would expect from a leading international resource and more.

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Essentially, we cover most of the topics you would find in an industry journal as well as other topics that you would discover in a typical fashion magazine.

Fashion is a multi-billion-dollar industry that has considerable impact on the way ordinary people dress and present themselves. Fashion is trend-driven and our fashion blog by Apparel Search provides a riveting way to follow and oversee these fast-paced trends. The blogoshepere has tons of style sites for your review. We thank you for taking the time to view ours.

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Take your time to browse the various areas of our blog, or head back over to the main area of our Apparel Search website to learn more about our industry.

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