100-plus Sears, Kmart, Sears Auto Center sites closing

http://www.dispatch.com/content/stories/business/2014/10/24/100-plus-sears-kmart-sears-auto-center-sites-closing.html


Sears Holdings Corp. is shuttering more than 100 stores and laying off at least 5,457 employees, investor website Seeking Alpha reported yesterday, indicating that the struggling retailer might be stepping up store closures.


Sears said in August that it had closed 96 stores since February, the start of its fiscal year, and planned to close a total of 130 underperforming stores during the fiscal year. It added at the time that it might shutter even more stores.


Since August, the company has moved to close at least 46 Kmart stores, 30 Sears department stores and 31 Sears Auto Centers, Seeking Alpha said, citing local media reports and liquidation notices.