A discount giant is closing the book on a women’s magazine — at least, across its checkout displays. Walmart is removing Cosmopolitan magazine from its checkout lines across more than 5,000 stores. The retailer’s decision is in response to a campaign against sexual violence spearheaded by the National Center on Sexual Exploitation. While the women’s magazine will no longer be available in checkout lanes, Walmart will continue selling the publication in its magazine section.
Sears Holdings Corp. has laid off about 220 corporate employees, effective immediately.
Most of those employees worked at the company’s Hoffman Estates headquarters, and the cuts affected various business units and roles across the organization, Sears spokesman Howard Riefs said Wednesday in an email.
The layoffs are part of an ongoing restructuring effort at Sears, and they follow rounds of cuts in March and June, both mostly in Hoffman Estates, totaling more than 500 jobs. The company said it will provide severance and transition assistance to eligible employees.
Sears declined to say how many people remain at its corporate headquarters. The company told the Tribune following the June layoffs that it had fallen below a minimum of 4,250 employees in Hoffman Estates and its Loop satellite office needed to secure state tax breaks. The state agreed to the tax incentives in 2011 after Sears threatened to leave Illinois.
more at: http://www.chicagotribune.com/business/ct-sears-lays-off-220-employees-0201-story.html