Tuesday, September 20, 2016

Kmart to shutter 64 more stores

Kmart is closing another 64 locations, according to a person familiar with the matter, as the struggling department store chain continues to shrink its footprint.

The latest closures, which were announced to employees, are in addition to a decision in April by parent Sears Holdings Corp. to close about 68 Kmart stores this year. The chain had 941 locations as of Jan. 30, meaning it has now announced plans to close about 14% of its locations.. . . more

No comments: