New: A daily newsletter defining what matters in business and markets

Stories

Sears woes cost retail jobs

AP Photo/Nati Harnik

The Washington Post recently looked at the "demise" of Sears as a case study in the decay of once-powerful retail giants. The company is now "shuttering stores and selling off crown jewels, such as its Craftsman tools line."

Why this matters: Sears employment, as the Post points out, has fallen from 355,000 in 2006 to just 140,000. That tracks the broader trend in retail jobs which have fallen by 80,000 so far this year.

More stories loading.