Here's what we are reading this morning:
New Sears sells DieHard brand to Advance Auto Parts for $200M | Retail Dive
Hospital chain Americore Health files for bankruptcy
Michaels names new CEO, loses CFO | Retail Dive
Americans bought fewer new vehicles in 2019, but spending to hit record
Job Cuts From Bankruptcies Hit Highest Level Since 2005 - WSJ
Rodan + Fields lays off 15% of corporate employees - Business Insider
McClatchy Freezes Some Pension Benefits as Publisher Seeks Bailout - WSJ