AlixPartners estimated retail collectively stands to lose $70.7 billion over the decade if the proposed food stamp cuts take place.
Retail consultant Jan Kniffen speculates that Sears could file for bankruptcy as early as next month.
Bruce Berkowitz's Fairholme Fund is betting on a comeback with Sears, Fannie Mae and Freddie Mac.
Sears plans to open additional stores dedicated to mattresses and appliances — "two of its strongest" categories.
The closures were confirmed in a filing with the SEC Friday morning by real estate investment trust Seritage, which owns the 20 properties.
Some of the names on the move ahead of the open.
Sears Holdings plans to close 20 more stores in the U.S., in addition to the more than 200 closures that have already been announced.
Sears Holdings is shuttering 20 more U.S. stores, in addition to the more than 200 closings earlier this year, Business Insider reports.
J.Crew won approval from a majority of its debtholders to amend its loan agreement.
By acquiring Whole Foods, Amazon is bringing its firepower to a grocery industry plagued by razor-thin profit margins, USA Today reports.
Amazon's purchase of Whole Foods shows Jeff Bezos is ready to disrupt another industry.
U.S. retail sales recorded their biggest drop in more than a year in May amid declining purchases of motor vehicles and discretionary spending
The U.S. Consumer Price Index was forecast to rise 0.2 percent in May, after inching up 0.1 percent a month earlier.
Sears is cutting 400 full-time jobs at its corporate offices, in Hoffman, Illinois, and from its support functions.
This is part of the department store chain's ongoing restructuring efforts, Sears said.
Recent bankruptcy filings by other specialty retailers such as Rue21 and Payless Shoesource have boosted the retail sector's default rate.
"Liquidity issues on top of competitive pressures make a tough situation for everyone," Moody's Charlie O'Shea tells CNBC.
Earlier this week, Sears updated a blog post to reflect that it settled a dispute with One World Technologies, another Craftsman partner.
Nordstrom says it's exploring a "going private" transaction by the company's family.
CNBC's Mike Santoli talks to Jim McCaughan, Principal Global Investors CEO, about Ken Griffin's comments regarding the retail sector and weighs in on the tech stocks, as well.