Sears Holdings to close 103 Kmart and Sears stores

Sears Holdings Corp said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to assess the viability of its operations.


Sears will be closing 103 Kmart and Sears stores - Reuters

The department store operator, which has racked up 24 straight quarters of sales declines, said 64 Kmart stores and 39 Sears stores would be closed between early March and early April this year.

On the heels of 330 closures in 2017, Sears had previously announced that it would close 63 stores after the holiday season in an effort to return to profitability.

Liquidation sales will begin as early as Jan. 12 at the closing stores, Sears said.

 

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