Local News

Sears, Wal-Mart Portrait Studios Abruptly Close

boys-at-sears  The operator of more than 2,000 portrait studios in Wal-Mart and Sears stores has abruptly closed its outlets.

St. Louis-based CPI Corp. revealed in mid-March that it owed $98.5 million, including unpaid principal of $76.1 million.

Sears Holding Corp. said Friday that it was working with CPI “to ensure that it fulfills its outstanding orders and provides ordered pictures to our members and customers.”

“We are currently exploring all options to potentially provide these services to our members and customers as soon as possible,” Sears said.

It was not immediately clear how many employees were affected.