Monday, May 16, 2016

Sears eyes quick rollout of small stores if test works

Customers walk into a Sears store at Fair Oaks Mall in Fairfax, Virginia, January 7, 2010.    REUTERS/Larry DowningSears Holdings Corp could quickly expand a new, smaller-store format that is less than a tenth the size of its average department store if a pilot project delivers strong results, a senior executive at the retailer told Reuters.

Leena Munjal said Sears planned to test the small format with a handful of openings this year, offering new details of a strategy that was first outlined at the company's annual shareholders' meeting on Wednesday.. . . more

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