More than 100 Sears, Kmart stores to close

06 January, 2018, 02:44 | Author: Julian Swanson
  • Local Kmart store to close

Sears Holdings closed almost 400 Sears and Kmart locations in 2017, according to Business Insider.

The Tucumcari location was listed as an unprofitable location and is scheduled to close in early April.

It acquired Kmart in 2003 and combined the two stores under Sears Holdings two years later. In a statement released yesterday, Sears Holdings announced that they will be closing 39 Sears stores and 64 Kmart stores throughout the US, beginning this month.

Liquidation sales will begin as early as January 12 at the stores being closed, the company stated.

A spokesperson for Sears Holdings declined to say how many employees will be affected by the closings.

The closures are part of an effort to "right size" its footprint and the company's finances, according to a news release. The rise of e-commerce competition is cited as a major cause of the scaled-down operations.

No Missouri stores are included on the list.

In 2006 the company operated more than 3,000 stores in the USA and a few hundred in Canada.

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