It looks like 2017 is already proving to be a difficult year for some of the nation’s largest retailers: Sears Holdings Corp. announced on Thursday that it plans to close 150 stores across the country, including 108 Kmart locations, affecting an undisclosed number of employees. The announcement came only a day after Macy’s Inc. disclosed that it intends to close 65 stores nationwide by mid-2017, at least 3,900 employees. That’s on top of more than 6,000 jobs Macy’s already announced last year that it would trim.
These and other mass retail store closings will certainly keep attorneys busy with work that ranges from getting out of real estate contracts, to staying compliant with a patchwork of state employment laws.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
