Sears, Kmart parent company to close another 63 stores as sales crisis continues

Wikicommons

By Nathan Bomey and Charisse Jones | azcentral

The parent company of Sears and Kmart plans to close another 63 underperforming stores as the beleaguered department-store chains try to stem bleeding from its long-running decline.

Sears Holdings will shutter 15 Kmart and 48 Sears locations, the latest in a flurry of moves to restore the retailer’s revenue and relevance at a time when an increasing number of shoppers bypass the store chains to shop with online rivals and discounters like Amazon and Walmart.

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