SEARS IS CLOSING OVER 100 MORE STORES
by Stephen Garner
Jan 05, 2018
The 18 Sears stores and 2 Kmart stores that will shut their doors include locations in Florida, Michigan, and New York.
Read MoreThe national retailer reported lower earnings and revenues for the fourth quarter of 2016, although they improved over the year before.
Read MoreThe year-over-year decline in revenues was primarily driven by having fewer Kmart and Sears full-line stores in operation, which accounted for $323 million of the decline.
Read MoreThe company, whose divisions include Sears and Kmart, also reported a significant decrease in comparable store sales.
Read MoreSears Holdings has announced that it will close 68 Kmart and 10 Sears stores this summer, following a disappointing fourth quarter.
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