Sears to close an additional 72 stores in the U.S.
Sears already announced earlier this year it was closing more than 180 stores, and on Tuesday, 72 more Sears and Kmart locations were added to the list.
Most of the 16 Sears stores, 49 Kmarts, and seven auto centers affected will close in September. With the new closures, Sears will only have about 1,200 stores open, down from 2,073 five years ago, Business Insider reports. The company is dealing with poor sales and major debt. For a full list of the stores set to shut down, visit Business Insider.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
