Sears Holdings (NASDAQ:SHLD), the Hoffman Estates, Illinois-based owner of retail store brands Sears and Kmart, announced Thursday that it will close 78 stores – 68 Kmart stores in 26 states and 10 Sears stores in eight states – in the next five months.
All of the Sears stores and all but two of the Kmart stores will close by late July, Sears Holdings announced. Two Kmart stores – in Taylor, Michigan, and Lorain, Ohio – will close in September. In selecting which stores to shut down, the company said it considered stores’ historical and recent performances and the timing of lease expirations. Continue Reading »