More than 100 stores to close

96 stores close in February

[ad_1]

More than 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. Additional stores also are closing, according to local media reports.

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.

Is your Bed Bath & Beyond store closing? See the full list of the 40 stores shuttering in 2020

Macy’s store closings:Macy’s to close 125 stores over next 3 years and slashing 2,000 jobs



[ad_2]

Source link

By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.