Sears And Kmart Closing Another 40 Stores


Sears Holdings is shutting down another 40 stores as the once dominant player in retail struggles to survive in bankruptcy.

Employees at 29 Sears and 11 Kmart stores were told Thursday their locations would close in February, with liquidation sales to begin late next week, Sears said in a statement on its website. The shutdowns are in addition to the previously announced closure of 142 unprofitable stores, a process that’s expected to be complete near the end of the year. (See the list of latest closures at the bottom of this story.)