Sears adds 103 stores to closure list

Kmart Rutland

"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 in a statement.

This is the latest in a round of closings of Sears and Kmart aimed at getting the company on solid financial footing. All 103 local Sears and Kmarts, including the Ocala and Bellview locations, will shutter by May.

More than 100 Kmart and Sears stores will close this spring, including five low-performing stores in North Carolina.

In the NY area, the Sears located in Hicksville, on Long Island, is expected to close, as well as one in Toms River, New Jersey. Full list of closings.

Soucy De Poy Terenzini
Sears adds 103 stores to closure list

Macy's, Kmart and Sears stores are starting off the new year with more closures.

Sears Holdings goes on to say that employees affected by the closures will be able to apply to nearby Kmart and Sears Stores. Customers can use the store locator function on our web sites to find the location of their nearest Kmart and Sears stores.

Sears plans to begin liquidation sales as soon as January 12.

"Revenues were also negatively impacted by reductions in the number of pharmacies in open Kmart stores, as well as the reduction in consumer electronics assortments in both our Kmart and Sears stores", the November performance summary reads.

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