Sears said Thursday that it is closing 28 more Kmart stores as the retail industry's turbulence shows no signs of letting up, Fortune reports. "That will bring the number of Sears and Kmarts stores closed this year to 358," MLive writes.
Sears is fighting fiercely to stay afloat, announcing earlier this year its plans to sell Kenmore appliances on Amazon and cashing in on assets like Land's End, Craftsman, and hundreds of brick-and-mortar stores, Fortune writes. Sales fell more than 13 percent at Sears and more than 9 percent at Kmart in the quarter that ended in July, declines that outpaced rivals Macy's and J.C. Penney.
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