Posted on 04/21/2016 4:07:42 PM PDT by Olog-hai
Sears Holdings Corp. will close another 78 stores — 68 Kmart units, and 10 Sears stores — as it looks to restore profitability.
That accounts for about 5 percent of its store base, which is nearly 1,700 stores.
The ailing company, based in Hoffman Estates, Illinois, had said in February that it would accelerate the closing of unprofitable stores following a “challenging” holiday season. The move announced Thursday is expected to generate a “meaningful level” of cash from the liquidation of store inventories and from the sale or sublease of some of the related real estate, it said Thursday.
All 10 Sears stores and nearly all the Kmart stores will close in late July. Two Kmart stores will close in mid-September. …
(Excerpt) Read more at hosted.ap.org ...
The gay pride kiddie marketing scheme did not work? Shocked.
My Granny would go through the Sears/Roebuck and shred it of those sections before it went to the outhouse for, ummm, for reading! LOL.
They mean their old-aged homes. Is there anyone working a Sears under 75?
IHOP on corner Beacon Wood and US19 just closed, one of our favor place up here !!! :-(
I remember Sears n roebuck britches....huskies!
Buying K-Mart was a bad move. Talk about adding fuel to the fire. Sears could make it but they make poor decisions, like the Land’s end deal, another troubled company.
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