Local Kmart store to close

06 January, 2018, 02:41 | Author: Raquel Nash
  • Local Kmart store to close

Macy's is closing 11 stores and laying off 5,000 employees but neither local store is on the list.

The move comes as the retailer closes more than 100 Sears and Kmart nationwide. That store will close in early April.

- Sears Holdings Corp (SHLD) said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to streamline operations amid mounting debt and a string of quarterly losses.

Sears and Kmart have been losing billions of dollars and closing stores for years. Full list of closings.

Jesse Lingard Leads Manchester United to FA Cup Win vs. Derby County
Lukaku came off the United bench at the interval as Mourinho looked for more cutting edge in the final third of the field. Derby have injury concerns heading into match as Tom Lawrence , Joe Ledley and Bradley Johnson are all major doubts.

The Bangor Daily News reports Sears Holdings announced Thursday it's closing its location in the Bangor Mall in April. Company officials say liquidation sales could start as early as late next week.

Liquidation sales will begin as early as January 12 at the dozens of stores across the country.

"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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