Thursday, 4 January 2018 NEW YORK (AP) — Sears Holdings Corp. will be closing over 100 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. 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.
Business Insider reports that Sears' unsecured creditors are urging the company to shut down all of its remaining stores.
In a bankruptcy filing, the creditors slammed Sears' plan to stay in business..
According to Business Insider, creditors are urging Sears to shut down all of its remaining stores. Sears has proposed cutting its store count to 400, then selling the associated real estate to raise..
The last Kmart store in Chicago is one of 40 more Sears and Kmart stores that will close in the coming months, on top of nearly 200 stores Sears Holdings already announced would be closing by the end..
Sears Holdings Corp. has received court approval to begin trying to sell its best-performing stores. According to court filings, Judge Robert Drain of the U.S.... bizjournals - BusinessAlso reported by •Futurism