Thursday, October 24, 2019

Sears, Out of Bankruptcy, Continues Shuttering More Stores. Can It Survive?

The number of Sears and Kmart store closures continues to escalate.

Sears, which was weighed down by billions of dollars of debt and filed for bankruptcy last October, will close more stores following continued weak performance.

The troubled retailer has already boarded up hundreds of stores in the past few years. According to the Wall Street Journal, roughly a quarter of the approximately 425 Sears and Kmart stores brought out of bankruptcy by former CEO Eddie Lampert have closed or are scheduled to close later this year or in early 2020.. . . more