Sears Is Closing an Additional 72 Stores Nationwide

 

Sears Holdings is closing 72 more stores in its drive to bring its Sears and Kmart stores back to profitability.

The closing will include 49 Kmart stores and 17 Sears stores, with most closing by September. The new closures expand the list of 180 shutdowns the retailer announced earlier this year. 

In January, Sears Holdings said it would close 150 underperforming stores, including 108 Kmart locations. 

The financial survival move also included the sale of the company's Craftsman tool brand to Stanley Black & Decker for roughly $900 million.

In May, Sears Holdings quietly added at least 30 additional locations to the shutdowns, including 12 Sears stores and 18 Kmart locations, ranging from Carson, Calif., to Hialeah, Fla. Most have been scheduled to shut their doors in July. 

 

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