Sears Holdings Corporation (NASDAQ:SHLD): Current price $47.57
On Thursday, Sears Canada announced layoffs, helping to shape 2013 as a volatile and competitive year for the Canada’s retail sector. Sears Canada is attempting to put the brakes on years of sliding sales and profits, as it terminates 700 employees, which will be proportioned at 360 in its department stores, 300 from distribution centers, and the rest at head office and support areas.
Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!