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:
  • Sears Hardware closing in Lorain, Sheffield Village - Lorain Morning Journal
    ... apparently will close in coming weeks. The Sears ... shuttering about three years ago due to continuing struggles with Sears and Kmart, Hunter ...
    03/3/2015 - 9:17 am | View Link
  • Is this the last chapter for Radio Shack? - Tampa Tribune
    ... reorganization, coupled with a drive to close or ... the obituaries on the Sears Roebuck & Co./Kmart combination that’s formally known as ...
    02/28/2015 - 1:30 pm | View Link
  • The Week In Retail News: The Good, The Bad And The Ugly - Forbes.com
    ... could house new tenants if the stores close, CEO ... end of last year, the retailer closed 234 Sears and Kmart stores. Meanwhile, Sears ...
    02/28/2015 - 1:22 pm | View Link
  • Sears: Now You See It, Now You Don't? - Yahoo! Finance
    Sears targets REIT formation in May or June - Denver Post
    02/27/2015 - 10:48 am | View Link
  • U.S. Movers: AES, Avago, Chico's, Harsco, HP, Kohl's, Salesforce, ... - Ticker
    The deal is expected to close in November. ... in the quarter dropped 4.4% comprised of 2% at Kmart and a fall of 7% at domestic stores at Sears.
    02/26/2015 - 2:42 pm | View Link
  • More
YAHOO NEWS:
  • Sears at Westfield Meriden mall not closing in 2015, but changes possible
    MERIDEN — While Sears at Westfield Meriden mall is not going to close in 2015, it’s too early to tell if it’s among the 200 to 300 stores the retailer might sell to a real estate investment trust, a spokesman said Monday.
    03/3/2015 - 4:05 pm | View Link
  • Sears: Now You See It, Now You Don't?
    Sears Holdings Corp (NASDAQ: SHLD )'s CEO and largest shareholder Eddie Lampert isn't pulling any punches when it comes to the future of its brick and mortar stores. In the recent Sears earnings report, ...
    02/27/2015 - 9:30 am | View Link
  • Eddie Lampert's 2015 Chairman Letter for Sears
    By Holly LaFon. Read more » » Check out Edward Lampert Stock Picks » Download GuruFolio Report of Edward Lampert (Updated on 03/04/2015) Related Stocks: SHLD , SRSC , WFM , DKS , JWN ,
    02/26/2015 - 4:09 pm | View Link
  • Early movers: SHLD, KSS, DNKN, C & more
    Names on the move ahead of the open.
    02/26/2015 - 8:16 am | View Link
  • Early movers: SHLD, KSS, DNKN, TMUS, C & more
    These are the stocks posting the largest moves before the bell.
    02/26/2015 - 8:06 am | View Link
  • More
BING NEWS:
  • Sears Hardware closing in Lorain, Sheffield Village
    Meanwhile, the Sheffield Village store will close in 30 to 45 days ... was near to shuttering about three years ago due to continuing struggles with Sears and Kmart, Hunter said. The two companies announced in 2004 they would merge and create one of ...
    03/3/2015 - 2:37 pm | View Link
  • Sears won’t close, but changes possible
    “No Connecticut stores are slated to close. While we can offer no assurances that such a REIT transaction will be consummated, we are currently targeting between 200 and 300 Sears and Kmart stores will be sold to the REIT. It’s premature to address ...
    03/3/2015 - 4:30 am | View Link
  • Buy L Brands, Not Sears
    During 2014, Sears had to close 234 underperforming Kmart and Sears full-line stores. Sears has fallen behind the competition thanks to a lack of innovation and the fact that its customer base was hit harder than usual by the slow economic recovery.
    02/27/2015 - 9:25 am | View Link
  • Sears and Kmart to close up to 120 stores on poor sales
    Shares in US retail giant Sears fell 27% by the end of the day in Wall Street after it announced plans to close up to 120 Sears and Kmart stores. Sears Holdings, the department store group which owns the two major retail chains, blamed falling sales.
    02/27/2015 - 8:00 am | View Link
  • Eddie Lampert’s 2015 Letter to Sears Holdings Corp (SHLD) Investors
    In most instances, these changes were puzzling to people who don’t spend a lot of time focusing on what change looks like up close. For Sears and Kmart, after years of work at becoming a fully integrated retailer that meets the needs of our members ...
    02/26/2015 - 12:33 pm | View Link
  • More
BING SEARCH:
  • Sears Holdings Corporation Press Releases
    Sears to Continue to Have Significant Presence in Mall Owned and Operated by PREIT
    03/5/2015 - 11:18 am | View Website
  • Sears closing 79 stores; Columbus Kmart on list | The ...
    Sears Holdings’ financial problems will result in the closing of 79 stores, six of them in Ohio. All six in Ohio are Kmart stores, with the only local store on the ...
    03/5/2015 - 8:33 am | View Website
  • Sears
    Begin your Shopping Experience at Sears. Buy Online, Pick up in Store. Find Store Locations. Find Great Brands such as Kenmore, Craftsman & Diehard.
    03/5/2015 - 4:44 am | View Website
  • Kmart from Sears.com
    Did not find what you were looking for? Tell us about it. Your answers help us improve our search results. And it takes less than a minute!
    03/4/2015 - 4:41 pm | View Website
  • List of Sears, Kmart stores closing
    Sears Holdings released a list of 79 of the 100-120 Sears and Kmart stores to be shut.
    03/1/2015 - 6:03 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