Friday, November 9, 2018

Sears lowers the boom on more stores

Chain Store Age
Sears on Thursday said that 40 locations — 29 Sears stores and 11 Kmart units — will close their doors in February 2019. Liquidation sales at the 40 stores are set to begin late next week.

The new closings are on top of the nearly 200 stores the company previously said it plans to shutter in the coming months. Combined, the closures are expected to leave Sears with fewer than about 500 store locations. The beleaguered retailer had previously estimated it has about 400 stores that could be profitable on their own if it survives bankruptcy.. . . more