Sears, Wal-Mart Portrait Studios Abruptly Close

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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.

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      • psychoknight1

        Sears will cover customers who are owed a refund. This is standard practice to quash bad publicity from irate customers who think the studios are a part of Sears, due to their location. There's not much money involved, maybe $1,000 – $1,500 per store based on turn around time to process and mount the photo enlargements. Not news worthy.