Sears, Kmart name 63 store closures

Sears Holdings on Thursday said it had identified approximately 100 unprofitable stores and said that it would close 72 of them in the near future. But, when the company identified the stores that it would close, 63 were named.

Sears announced 15 Kmart and 48 Sears stores that would close in early September 2018. Sears said that it would offer its impacted employees  severance and the opportunity to apply for open positions at area Kmart and Sears stores.

Sears noted that the nine stores that were initially destined for closure are being evaluated further and they will update.