Chain Store Age
Sears declared bankruptcy this week, bringing the company to a new low after several years of steady decline. In order to avoid going out of business altogether, Sears will close at least 142 Sears and Kmart department stores by the end of 2018, which – along with 46 closures already planned for November – will bring the company’s total number of stores in operation to fewer than 500.
Many of the remaining locations have so far been profitable, so a scaled-down Sears could conceivably go on indefinitely. . . . more