Sears and Kmart plan to close 26 more stores as their parent company continues to struggle after emerging from bankruptcy
New York More than two dozen Sears and Kmart stores are closing, as the company continues to struggle after emerging from bankruptcy.
The parent company of Sears and Kmart, called Transform Co., said Wednesday that it has"faced a number of challenges returning our stores to sustainable levels of productivity. It plans to close five Kmarts and 21 Sears stores across the United States and Puerto Rico. Sears' bankruptcy Liquidation sales will begin in mid-August and the stores will close in late October.The company blamed"a generally weak retail environment" for the closures. It also attributed some of the company's problems to its ongoing court battle with Sears Holdings, the still-bankrupt remnant of the company that used to own Sears and Kmart."These challenges have unfortunately affected our performance and limited our strategic choices," Transform Co. added. Read MoreTransform Co.
Sears: 18777 E. 39th St South, Independence Sears: 3 Mid Rivers Mall Drive, St Peters Sears: 330 Siemers Drive, Cape Girardeau New YorkKmart: Highway 3 Plaza, Guayama TexasSears: 4812 Valley View Blvd NE, Roanoke WashingtonSears: 100 Huntington Mall Road, Barboursville
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