Kmart and Sears will close nearly 200 stores
Sears Holdings announced Sunday the closure of 148 Kmart stores and 42 Sears stores, due to the difficult economic situation that has affected sales for the past years.
“The decision to close stores is a difficult but necessary step as we take actions to strengthen the Company’s operations and fund its transformation,” announced the company in a list in which it specified the location of the stores that will begin to close during the following months.
Puerto Rico doesn’t appear in the list of affected locations, but Sears Holdings indicated it will continue its evaluation and downsizing process. Among the states that could lose Sears and Kmart establishments figure California, Florida, New Jersey, New York, Ohio and Texas.
The company also informed that in January 6 all stores that appear on the list began discount sales. In addition, employees affected by the closures could have the opportunity to request employment in other Sears and Kmart stores.
“Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around,” read the document. “But in order to meet our objective of returning to profitability, we have to make tough decisions and will continue to do so, which will give our better performing stores a chance at success.”
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