Sears To Close 100 To 120 Kmart, Sears Stores

K-Mart

Between 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers.

Senh: Declining sales during the busiest shopping season is not a good sign for Kmart and Sears. I didn't know Sears own Kmart now.

Sections:  news   business   
RELATED ARTICLES
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • Sears Didn't Move Fast Enough, CEO Says
    Sears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting. More
  • J.C. Penney ad apologizes to customersJ.C. Penney ad apologizes to customers
    The ad comes after the Plano, Texas-based company last month fired its CEO, Ron Johnson, after 17 months on the job and rehired his predecessor Mike Ullman. Johnson's ambitious changes included getting rid of most sales and bringing in new, hip brands. More
  • Discover Pushes PayPal Payments; First Data Holds Out
    Discover makes headway in bringing eBay's online-payments service to physical retailers, but First Data, one of the country's largest merchant processors, has opted not to support the service. More
  • Big brands rejected Bangladesh factory safety planBig brands rejected Bangladesh factory safety plan
    As Bangladesh reels from the deaths of hundreds of garment workers in a building collapse, the refusal of global retailers to pay for strict nationwide factory inspections is bringing renewed scrutiny to an industry that has profited from a country notorious for its hazardous workplaces and subsistence-level wages. More
ASK NEWS:
  • Lampert’s fund to loan Sears $300 million - Chicago Sun-Times
    ... presence outside Sears and Kmart. Sears has been selling assets to raise cash and accelerating store closures. In April, it said would close...
    08/25/2016 - 12:39 pm | View Link
  • Sears moves to quarterly loss, sales keep faltering - Hamilton Spectator
    ... presence outside Sears and Kmart. Sears has been selling assets to raise cash and accelerating store closures. In April, it said would close...
    08/25/2016 - 12:19 pm | View Link
  • Sears posts Q2 loss as decline in sales persists - Oman Observer
    Sears fell 6.6 per cent to close at $14.70 on ... stabilised, declining in every quarter but one since Lampert merged Kmart with Sears in 2005. The
    08/25/2016 - 11:55 am | View Link
  • Sears is running out of money — and will likely shut down stores ... - Yahoo! Finance
    Sears to Borrow $300 Million From Lampert as Losses Mount - Bloomberg
    08/25/2016 - 8:52 am | View Link
  • Sears Holdings Reports Second Quarter 2016 Results - Yahoo! Finance
    Sears Holdings Reports Second Quarter 2016 Results - KHQ Right Now
    08/25/2016 - 6:09 am | View Link
  • More
BING NEWS:
  • Sears, amid more red ink, says it will close Eden Prairie store
    Sears Holdings Corp. will close its store at Eden Prairie Center in November ... All store employees will be eligible for jobs at other Sears and Kmart locations in the Twin Cities, he said. Eddie Lampert, the hedge fund manager who now leads Sears ...
    08/25/2016 - 10:52 am | View Link
  • Sears Moves to Quarterly Loss, Sales Keep Faltering
    ... can grow significantly with an expanded presence outside Sears and Kmart. Sears has been selling assets to raise cash and accelerating store closures. In April, it said would close another 68 Kmarts and 10 Sears stores, or nearly 5 percent of its ...
    08/25/2016 - 10:24 am | View Link
  • Sears to close in Eden Prairie; mall owner looks for smaller tenants
    9 and close the store in late November ... are eligible will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores." Cypress Equities could not be reached for more information. Nick Halter covers retail ...
    08/25/2016 - 10:18 am | View Link
  • Sears reports second-quarter loss of $395 million
    ... can grow significantly with an expanded presence outside Sears and Kmart. Sears has been selling assets to raise cash and accelerating store closures. In April, it said would close another 68 Kmarts and 10 Sears stores, or nearly 5 percent of its ...
    08/25/2016 - 8:51 am | View Link
  • Things are not looking good for Sears right now
    At Kmart, which is also part of Sears Holdings, sales fell 3.3% during the second quarter ... Kohl’s and Target both recently reported declining sales, and Macy’s plans to close 100 stores by early 2017 to focus on its better-performing locations.
    08/25/2016 - 6:30 am | View Link
  • More
BING SEARCH:
  • Sears Holdings To Close Stores To Accelerate Its ...
    Home > Media > Press Releases Sears Holdings To Close Stores To Accelerate Its Transformation And Its Return To Profitability Apr 21, 2016. HOFFMAN ESTATES, Ill ...
    08/21/2016 - 9:32 pm | View Website
  • Sears Holdings announces plans to close 68 Kmart stores ...
    Sears Holdings announced plans Thursday to close 68 Kmart stores and ten Sears stores this summer as it tries to cut losses. Two stores in Indiana will be affected.
    08/11/2016 - 11:42 am | View Website
  • 78 Sears, Kmart stores to close; see the list
    All of the Sears stores and nearly all of the Kmart stores will close in late July, the retailer said. Two Kmart stores will close in mid-September.
    04/22/2016 - 5:54 am | View Website
  • Sears Holdings Will Close Additional 68 Kmart Stores, 10 ...
    In their recent rounds of store closings, Sears Holdings tried something new: they announced them to the stores' local news outlets, but didn't release a nationwide ...
    04/21/2016 - 7:53 pm | View Website
  • Three Utah locations among 78 Kmart, Sears stores set to ...
    Ten Sears and 68 Kmart stores will close around the U.S. this summer, Sears Holdings said, and the closures include three locations in Utah. Thursday’s ...
    04/21/2016 - 7:10 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News