Sears Holdings to close 103 Kmart and Sears stores

[Eugene]

Source: Reuters

#BUSINESS NEWS JANUARY 4, 2018 / 3:42 PM / 3 MINUTES AGO

Sears Holdings to close 103 Kmart and Sears stores

Reuters Staff
2 MIN READ

CHICAGO (Reuters) - Sears Holdings Corp (SHLD.O) said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to streamline operations amid mounting debt and a string of quarterly losses.

The department store operator, which has racked up 24 straight quarters of sales declines, said 64 Kmart stores and 39 Sears stores would be closed between early March and early April this year.

Sears Holdings, once the largest retailer in the United States, said at the end of October that it operated 1,104 stores, nearly half the 2,019 stores it ran in 2012.

The closures announced on Thursday were in addition to 63 stores Sears is closing this month, having also shuttered 330 stores in 2017.

-snip-

Read more: https://www.reuters.com/article/us-sears-stores/sears-holdings-to-close-103-kmart-and-sears-stores-idUSKBN1ET2D3

[rownesheck]

1. Hmm...

how are there still 103 Sears and Kmart stores? I'm sorry. That was mean. I actually like Sears. Kmart has been gone from my area for at least 15 years now though.