Sears Holdings Corp. plans to close a dozen underperforming stores early next year. The retailer told employees last week that it intends to shutter eight Kmart and four Sears stores, company spokeswoman Kimberly Freely said. The stores are slated to close Jan. 31. Liquidation sales are scheduled to begin in early November.
Sears plans to shutter department stores at malls in Indianapolis and in Florissant, MO, U.S. It also intends to close a Sears Grand in Columbia, SC, and a Sears Essentials in St. Petersburg, FL. The Grand and Essentials formats are free-standing stores that under previous management were intended as growth vehicles.
Sears operated 1382 Kmart stores as of Aug. 2, down from 1479 in spring 2005 when Kmart bought Sears.
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