Sears, Kmart, Macy's closing more stores
NEW YORK (AP) —
Sears Holdings Corp. will be closing 103 more stores as the struggling department store chain tries to turn around its business.
The Hoffman Estates, Illinois-based company says that includes 64 Kmart stores and 39 Sears stores that will be shuttered between early March and early April.
Liquidation sales will begin as soon as next Friday at the stores, none of which are in Rhode Island or Bristol County, Massachusetts.
A Sears spokesman said Thursday the number of workers affected was not available. The majority of the jobs are part-time positions, Sears said.
The move comes in addition to closing about 250 stores announced last year.
Sears has been selling off some its real estate and brands as it tries to raise cash.
Earlier Thursday, Macy's Inc. announced it was closing 11 stores early this year, none of which are in Southern New England.