Friday, April 22, 2016

Sears to Close 78 Stores This Summer including Tewksbury Kmart

Sears-LayoffsSears Holdings Corp. will close another 78 stores — 68 Kmart units, and 10 Sears stores — as it looks to restore profitability.

That accounts for about 5 percent of its store base, which is nearly 1,700 stores.

The ailing company, based in Hoffman Estates, Illinois, had said in February that it would accelerate the closing of unprofitable stores following a "challenging" holiday season.. . . more

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