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Sears Adds Another 40 Stores to Closing List
Hoffman Estates, IL-based Sears Holdings Corp. plans to close another 40 Sears and Kmart stores in February 2019. The latest round of closures is in addition to the previously announced 142 unprofitable stores expected to be shuttered by the end of the year.
The company said the latest closings are part of its “processes to accelerate its strategic transformation and facilitate its financial restructuring.” Sears filed Chapter 11 bankruptcy last month.
Liquidation sales at the newly-announced stores closing are expected to begin late this week. The accompanying Sears Auto Store at these Sears stores will also be closing.
The closures will bring Sears’ total store count down to around 500, from nearly 2,000 stores in 2013.
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