SEARS AND KMART TO CLOSE 26 MORE STORES IN OCTOBER
by MR Magazine Staff
Aug 07, 2019
ESL Investments, is proposing a way to restructure the struggling department store chain’s liabilities, in addition to asking Sears’ board to sell off roughly $1.75 billion worth of assets.
Read MoreLiquidation sales at the 33 Sears stores and 13 Kmarts are expected to begin next week, according to the company.
Read MoreThe retailer has identified 100 unprofitable stores in total, and it will begin closing sales at 72 of these stores “in the near future.”
Read MoreThe retailer is exploring the sale of its Kenmore brand and related assets, the Sears Home Improvement Products business, and the Parts Direct business.
Read MoreThese closures consist of 64 Kmart stores and 39 Sears stores, all of which are expected to shut between early March and April.
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