More Pa. Kmart, Sears Locations On Latest List Of Closures « CBS Pittsburgh

More Kmart and Sears locations in Pennsylvania are on the company’s latest list of closures.

Sears Holdings (SHLD), the bankrupt parent company of the two retailers, said Thursday that 11 Kmart locations and 29 Sears stores will close their doors in February 2019 — adding to the nearly 200locations the company has already said will shut down in coming months.

The closures are part of Sears Holdings’ efforts to drastically reduce costs and find a viable way forward as it moves through bankruptcy proceedings. The company has been struggling for several years and is drowning in debt.

Liquidation sales at the 40 locations “are expected to begin late next week,” the company said.

Source: More Pa. Kmart, Sears Locations On Latest List Of Closures « CBS Pittsburgh

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