Sears to shutter 21 stores, Kmart to close five
August 7, 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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