The 100-store closing process for Sears and Kmart stores is moving into complete throttle as parent company Sears Holdings announced late last week that 10 more would join the list of shops to be shuttered by September.
As of now, 78 stores have been determined, with liquidation efforts already underway at 63 shops. Close-out sales at the staying 15 are slated to begin as early as July 13, according to a Sears Holdings declaration about which shops would be shuttered.
The company initially revealed the closings of the “nonprofitable” shops on May 31, in tandem with its pre-recorded first-quarter teleconference, keeping in mind that the decision was a “challenging, but needed” one to assist it stem the multi-year tide of sinking sales and losses.
Shops employees have been told in batches if and when their stores would go dark. Recently’s add-on included nine Sears shops and one Kmart, putting the totals at 62 Sears areas and 16 Kmarts. The list, which initially included 63 shops that would be closed in early September, was upgraded to 68 stores in early June before tacking on the other 10 recently.