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VOL. 41 | NO. 44 | Friday, November 03, 2017
Kmarts closing in Nashville, Cookeville, Tullahoma
NEW YORK (AP) — Sears Holdings Corp. says it will be closing another 63 stores as the ailing retailer tries to turn around its business.
The Hoffman Estates, Illinois-based company, struggling to keep up with its rivals, said it will shutter 45 Kmart stores and 18 Sears stores in late January.
Liquidation sales will start as early as next Thursday.
The move comes in addition to the closing of about 250 stores already announced this year.
Meanwhile, Sears launched a "holiday blowout" sale at both chains that began Wednesday and will last until Nov. 25, a day after Black Friday.
Sears has been selling off some its real estate and brands as it tries to raise cash.
Shares of Sears fell nearly 4 percent, or 20 cents, to $5.23 in trading Friday.
A list of the stores closing:
Kmart, Casa Grande
Sears(asterisk), Fort Smith
Sears(asterisk), Lanesboro (Pittsfield)
Kmart, Clinton Township
Kmart, Battle Creek
Kmart, Mount Pleasant
Kmart, Thief River Falls
Kmart, Poplar Bluff
Kmart, St. Louis
Kmart, St. Marys
Kmart, Moon Township / Coraopolis
Kmart, Shamokin Dam
Sears, State College
Sears, San Angelo
Sears(asterisk), Salt Lake City
Sears(asterisk), Colonial Heights
Kmart, Stevens Point
(asterisk)The Sears Auto Center at this store will close in early December 2017. The store itself will close in late January 2018.