Retail News

Sears to shutter 21 stores, Kmart to close five

USA Today 08/06/2019

The store closures aren’t done. Sears and Kmart, which have closed thousands of stores in recent years, announced plans to close 26 more locations in October. A statement issued by the Transform Holdco, the parent company the retail chains, said it has “faced a number of challenges returning our stores to sustainable levels of productivity, including differences with Sears Holdings over our purchase agreement and a generally weak retail environment.”

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