The steady drip, drip, drip of store closings continues at Sears, which has marked a new cluster of locations for shuttering.
The latest batch includes 33 Sears and 13 Kmart sites from coast to coast. The stores are set to shut in November, at the height of the holiday selling season, although liquidation sales will begin as early as Aug. 30, Sears said.
The company described the locations as unprofitable, and the closings as “part of our ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus on our best stores.”
The list of newly fated locations appears on Sears’ corporate website.
Sears noted in its first-quarter earnings report last May that it had identified 100 stores as unprofitable, and initially marked 63 for closure in September. The list has since grown to 125 locations, bringing the year-to-date total to 291 doomed or shuttered stores by our reckoning, including 63 closings in January and another 103 between March and April.
As part of the belt-tightening, the retailer also eliminated about 220 corporate jobs in February, and 150 headquarters jobs this month.
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