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Sears, Kmart And Macy's Will Close More Stores in 2018


Added 01-05-18 04:06:02pm EST - “2017 was bleak for retailers and 2018 is not starting off any better. Several major department stores, still hurting from declining sales, plan closures in locations nationwide.” - Npr.org

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Posted By TheNewsCommenter: From Npr.org: “Sears, Kmart And Macy's Will Close More Stores in 2018”. Below is an excerpt from the article.

A sign announcing the store will be closing hangs above a Sears store on Aug. 24 in Chicago. Sears Holdings, which owns Sears and Kmart, said Thursday it was planning to close another 103 stores. Scott Olson/Getty Images hide caption

A sign announcing the store will be closing hangs above a Sears store on Aug. 24 in Chicago. Sears Holdings, which owns Sears and Kmart, said Thursday it was planning to close another 103 stores.

Last year was one of the worst for the retail industry, with record setting bankruptcies and store closings — 8,000 across multiple national chains. And so far, things are not looking up in 2018.

On Thursday, Sears Holdings Corp., the parent company of Sears and Kmart, announced it is closing 64 Kmart stores and 39 Sears locations, as it grapples with weaker in-store sales.

"The company will continue to right size our footprint in number and size," Sears said in a statement. Moving forward, the company will continue to shut down unprofitable stores, it added.

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