Dive Summary:
- The recent layoff announcement partnered with a new strategy to "right-size" the organization is an attempt to make Sears a more successful venture.
- After years of declining sales in the Canadian market, Sears is making changes to encourage customer growth and to eliminate declining sales.
- With the arrival of super-store Target, Sears Holding Co. has had to embark on new strategies to compete with the big-box retailer.
From the article:
"...The national retailer says 360 people are being laid off from its department stores and about 300 from its distribution centres. The remaining workers are being let go from head office and other support areas.
The job cuts will be across Canada..."
