EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
 
 
Bridging The Gap
100+ Kmart, Sears stores to close this spring.
  Thursday 04 January, 2018
100+ Kmart, Sears stores to close this spring.

More than 100 Sears and Kmart stores will close in March and April, Sears Holdings announced Thursday.

The list of unprofitable stores is comprised of 39 Sears locations in 22 states and 64 Kmart sites in 29 states.

Liquidation sales at the stores will begin as soon as Jan. 12, according to Hoffman Estates, Ill.-based Sears Holdings.

Store employees will receive severance pay and may apply for jobs at other Kmart and Sears stores.

Though U.S. retail holiday sales were better than they've been in years -- up 4.9%, the largest increase since 2011, according to Mastercard SpendingPulse -- the industry continues to suffer.

The Sears and Kmart news came the same day Macy's announced that it was cutting 5,000 jobs and shuttering an additional seven stores in six states.

Sears stock closed at $3.58, down 18 cents or 4.79%, on Thursday.

Source: https://www.usatoday.com/story/money/2018/01/04/100-kmart-sears-stores-close-spring/1005037001/

Bookmark and Share
 
Post Your Comments:
Name :
*
City / State:
*
Email address:
*
Type your comments:
*
Enter Security Code:   


 Latest News »
 
  Democrats want sanctuary for t...
  Nikki Haley, top Trump aide, w...
  Donald Trump, who accuses inte...
  President Donald Trump calls f...
  Donald Trump tells aides he li...
  Salman Khan and crew wows the ...
  President Trump takes swipe at...
  President Trump's July Fourth:...
  Following criticism, President...
  Navy’s planned shipbuilding sp...
  Confusion reigns in wake of Tr...
  The handshake, denuclearizatio...
  Trump to leave G-7 summit earl...
  Can Trump really do that? The ...
  Trump imposes steel, aluminum ...
  American freed from Venezuela ...
  Trump again changes tone on No...
  CIA Director Gina Haspel sworn...
  President Trump promises actio...
  What does Trump's Iran move me...
 

Current Conditions:
Cloudy

Forecast:
Wed - Partly Cloudy. High: 65Low: 52
Thu - Sunny. High: 54Low: 45
Fri - Partly Cloudy. High: 60Low: 41
Sat - Showers. High: 64Low: 54
Sun - Mostly Sunny. High: 53Low: 44

Full Forecast at Yahoo! Weather



Washington, DC

  ©2010 The Capital Post. All rights reserved.