The latest additions to the store closing list means the retailer will have closed 400 stores in the past year, according to a
In mid January the retailer announcedit was closing 150 more stores just a week after announcing it was shuttering 87 locations.
The company in a recent filing has forecasted that its Q1 sales may reflect a dip of 30% to 40% but expects sales improvement to follow. It's seeking to raise about
The 62-year-old retailer lost 17% of sales in 2020 and 14% in 2021 due to pandemic closings during the COVID-19 time frame, according to CNN.
Copyright © 2023 Networld Media. All rights reserved., source