Sears closing Owensboro store: 52 employees affected; target date is Dec. 7

The store's closing is "part of a series of actions we're taking to reduce on-going expenses, adjust our asset base and accelerate the transformation of our business model," said Howard Riefs, director of corporate communications for Sears Holdings. While the Sears closing is a b...

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Bibliographic Details
Published inTCA Regional News
Main Author Campbell, Joy
Format Newsletter
LanguageEnglish
Published Chicago Tribune Content Agency LLC 19.09.2014
Subjects
Business closings
Corporate presidents
Economic growth
Employees
GDP
Gross Domestic Product
Retailing industry
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Summary:The store's closing is "part of a series of actions we're taking to reduce on-going expenses, adjust our asset base and accelerate the transformation of our business model," said Howard Riefs, director of corporate communications for Sears Holdings. While the Sears closing is a blow, it is more of a reflection of what's happening with Sears than it is an indication of what's happening with Owensboro's economy, according to Madison Silvert, president and CEO of the Greater Owensboro Economic Development Corporation.