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FRI NOV 3, 2017 / 5:26 PM EDT
Sears to close 63 more U.S. stores after holiday season


Of the closures planned in late January,
45 are Kmart stores and 18 are Sears stores.

The announcement, made to employees on Thursday and available on the company's website, follows news last month that Whirlpool Corp (WHR.N) would stop supplying some big name-brand appliances to Sears, and a fresh cash infusion from Chief Executive Edward Lampert.


Photo
A Sears department store is shown in El Cajon, California, U.S., August 8, 2017.
REUTERS/MIKE BLAKE
(Reuters) - Sears Holdings Corp (SHLD.O) said it will close 63 additional stores in the United States after the holiday season as part of its continued effort to return to profitability in a difficult retail environment.

The announcement, made to employees on Thursday and available on the company's website, follows news last month that Whirlpool Corp (WHR.N) would stop supplying some big name-brand appliances to Sears, and a fresh cash infusion from Chief Executive Edward Lampert.

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The closures, set for late January, include 45 Kmart stores and 18 Sears stores and follow 330 closures in 2017. (bit.ly/2iZ1VZ1)

The move will reduce the number of locations operated by Sears, once the largest U.S. department store chain, to around 1,000, from 2,019 stores in 2012.

Liquidation sales at the closing stores will begin as early as Nov. 9, Sears said.

Shares in Sears, which have lost 54 percent over the past year, ended 4.8 percent lower on Friday at $5.17

The announcement, made to employees on Thursday and available on the company's website, follows news last month that Whirlpool Corp (WHR.N) would stop supplying some big name-brand appliances to Sears, and a fresh cash infusion from Chief Executive Edward Lampert.

ADVERTISEMENT

The closures, set for late January, include 45 Kmart stores and 18 Sears stores and follow 330 closures in 2017. (bit.ly/2iZ1VZ1)

The move will reduce the number of locations operated by Sears, once the largest U.S. department store chain, to around 1,000, from 2,019 stores in 2012

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Melanie
A question. Hmm. Touche. Yes. I need to talk. I have a new wig. But how did it happen? I use Fleischmanns. Is that how God knew? Nevermind.
Yesterday at 8:56am ? Current version


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The homeless defy stereotypes in wealthy Silicon Valley


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d. Here's the graduate. We're very proud of you, son. A perfect report card, all B's. Very proud. Ma! I got a thing going here. You got lint on your fuzz. Ow! That's me! Wave to us! We'll be in row 118,000. Bye! Barry, I told you, stop flying in the house! Hey, Adam. Hey, Barry

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... And the line of cars moves downhill slow ...

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The Navy Chief noticed a new seaman and barked at him, ?Get over here! What?s your name sailor??

?John,? the new seaman replied.

?Look, I don?t know what kind of bleeding-heart pansy crap they?re teaching sailors in boot camp nowadays, but I don?t call anyone by his first name,? the chief scowled. ?It breeds familiarity, and that leads to a breakdown in authority. I refer to my sailors by their last names only; Smith, Jones, Baker, whatever. And you are to refer to me as ?Chief?. Do I make myself clear??

?Aye, Aye Chief!?

?Now that we?ve got that straight, what?s your last name??

The seaman sighed. ?Darling, My name is John Darling, Chief.?

?Okay, John,
here?s what I want you to do ?..

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