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Over 70 Kmart, Sears Closings to Take Place
At the end of 2011, Sears announced it was closing as many as 120 underperforming Sears and Kmart locations after same-store sales slipped 5.2 percent in the eight weeks prior to Christmas. It’s how many Sears and Kmart stores will end up closing, and whether or not Sears Corp. will rebound from this. Sears and Kmart merged in 2005, and even though they have more stores now than they did seven years ago, the merger hasn’t helped in boosting sales.
