It’s not looking so good for Sears Holdings, as it plans to shutter 63 more stores after the holiday season.
CNBC reported that the latest list of store closures includes 45 Kmart locations and 18 Sears boxes locations. It is expected to begin in late January of 2018. In the meantime, liquidation sales will begin as early as this week.
“Sears Holdings continues its strategic assessment of the productivity of our Kmart and Sears store base and will continue to right size our store footprint in number and size,” a memo reads on the company’s website.
“In the process, as previously announced we will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members,” Sears said.
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