Sears to take $443 million in charges arising from store closures
The Sears logo is seen outside a store in Brooklyn, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton/File Photo/ (Reuters) - Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday. The company said some of the charges have already been incurred in the third quarter, while the remaining charges will be booked in the fourth quarter. Total costs related to closing 73 Sears stores and 28 Kmart stores in the third quarter ended Nov. 3 ...
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