Sears announced a second wave of store closures on Wednesday, bringing the total number of closures scheduled for early 2017 to 150.
The company will shut down 108 Kmart stores and 42 Sears stores by April, according to an internal document obtained by Business Insider.
That represents about 10% of Sears' store base.
Forty-six closures were announced internally on December 27. Employees learned of the remaining closures on Wednesday.
Sears did not respond to a request for comment on the closures.
Here's a list of Kmart stores that are closing:
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5 comments:
I drove by there last night. There were hardly any cars in front of Sears or Boscov's. Don't know how they stay in business paying the mall rent and the cost of payroll and utilities.
I was listening to cnbc in my car on Tuesday and I heard that Macy's did not make their earnings projections for holiday season. I'm sure we will also be seeing some of these stores close as well.
Macy's just announced a
10k employees are being axed this past week.
It's gotten too dangerous to shop at the mall.
projections are nothing more than a lie. just because they did not make their projections doesnt mean they were not profitable. i guess those living in their ivory tower making projections did not realize the economy is crap, wages are crap, and obama care has bled the middle class dry.
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