Sears to close 62 retail stores
Sears to close 62 retail stores
To further reduce expenses, Sears Holdings Corp. plans to close 62 retail stores in the first half of the year, Bloomberg reported. Closings include 43 Sears Hometown stores, 10 Sears Hardware stores and 9 The Great Indoors stores. The company, which also owns the Kmart chain, had 4,010 stores as of Jan. 28. Last year, the retailer announced a plan to close 120 Kmart and Sears full-line stores that would generate as much as $170 million in cash from sales of inventory and leasing or sales of the locations.
To further reduce expenses, Sears Holdings Corp. plans to close 62 retail stores in the first half of the year, Bloomberg reported. Closings include 43 Sears Hometown stores, 10 Sears Hardware stores and 9 The Great Indoors stores.
The company, which also owns the Kmart chain, had 4,010 stores as of Jan. 28. Last year, the retailer announced a plan to close 120 Kmart and Sears full-line stores that would generate as much as $170 million in cash from sales of inventory and leasing or sales of the locations.
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