Sears Holdings reaches out to African-American entrepreneurs
HOFFMAN ESTATES, Ill. — Kmart operator Sears Holdings is emphasizing a program that it said is designed to empower African-American entrepreneurs.
The company said it would continue its "Share the Word?" program through 2012, its fifth year, and focus on African-American entrepreneurs with the Own a Sears Store program.
According to census data, the number of African-American-owned businesses increased at triple the national rate over the past five years, while a recent study by the Small Business Administration found that African-Americans are 50% more likely to start a business than any other racial or ethnic group.
Through the Own a Sears Store program, the company offers training and support for retail franchise concepts, such as Sears Appliance Showrooms, Sears Appliance & Hardware Stores and Sears Auto Centers.
"The desire and interest in owning a business is huge among African-Americans; and, in terms of sheer number, black-owned businesses are one of the fastest growing segments of our economy," Black Enterprise magazine SVP and editor-at-large Alfred Edmond said in a statement on behalf of Sears Holdings.
Report: Sears Holdings cuts HQ staff
HOFFMAN ESTATES, Ill. — The owner of Sears and Kmart stores reportedly is cutting 100 jobs at its headquarters in Hoffman Estates, Ill.
According to published reports, Sears Holdings spokesman Chris Brathwaite said the cuts cover a range of positions and that the terminated employees were notified Thursday.
The retailer has not said whether additional cuts are planned.
Stater Bros. to open third Lake Elsinore, Calif., store
SAN BERNARDINO, Calif. — Stater Bros. is set to open its newest supermarket in Lake Elsinore, Calif.
The 43,279-sq.-ft., state-of-the-art and environmentally friendly supermarket will open Feb. 22 and will be the third supermarket that Stater Bros. operates in Lake Elsinore.
"The Stater Bros. supermarket family is especially proud to build this new, modern and environmentally friendly Stater Bros. supermarket to better serve our long-time and valued Lake Elsinore customers," Stater Bros. chairman and CEO Jack Brown said.