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Sears, Kmart to Close 43 More Stores as Retail Crisis Continues

Submitted by jhartgen@abi.org on

Sears Holdings continued its steady drip of store closures on Friday with the announcement that it would close 35 more Kmart locations and eight Sears stores, USA Today reported. The department-store chain's troubles have included several rounds of store closures this year, now totaling more than 300. Although the iconic American department store chain still has more than 1,000 locations, Sears has buckled under pressure from online competitors, having failed to reinvent its traditional store experience. Sears' latest round of cuts comes less than a month after the most recent round, in which the company quietly announced plans to close 20 locations.