96 stores close in February

96 stores close in February

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Nearly 100 Sears and Kmart stores are in their final days.

The going-out-of-business liquidation sales at 51 Sears and 45 Kmart stores – first announced in November by parent company Transformco – are expected to wrap up by mid-February, company spokesman Larry Costello confirmed to USA TODAY Friday. 

The closures represent more than one-third of its remaining large-format stores and the liquidation started Dec. 2.

Transformco, which acquired Sears and Kmart out of bankruptcy in February 2019, said in a November statement that after the closings it will operate 182 stores.

“We will continue to evaluate our Sears and Kmart footprint, consistent with our overall retail and service strategy,” the statement said.

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Store closings pile up:With 1,200 closures already announced, retailers face another grim year



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