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Daily News Headline 1/6/17

posted Jan 6, 2017, 5:09 AM by Nancy Berry
In the news this morning, two major retailers, Macy's and Sears, with roots in the US going back as far as the 1800's, announced major closures nationwide yesterday.  Macy's will close 100 stores and layoff 10,000 employees.  K-Mart and Sears will combine to close 150 stores.  Americans spent big over the holidays with $196 billion in sales, but online sales was up 17%, and both struggling retailers blame online competition for their brick and mortar downsizing.