Eight more Sears stores and 35 more Kmart locations will be closed by the fall according to the retailers’ parent company.
Sears Holdings on Friday announced that despite efforts to make the stores more profitable and save jobs, the company will be closing the 43 locations and laying off employees.
"We have fought hard for many years to return unprofitable stores to a competitive position and to preserve jobs and, as a result, we had to absorb corresponding losses in the process," Sears CEO Eddie Lampert said in a blog post.
"It is obvious that we don’t make decisions to close stores lightly. Our efforts have been, and will continue to be, fact-based, thoughtful and disciplined, with the goal of making Sears Holdings more relevant and more competitive for our members and other constituents."
The new closures include four Kmarts in Florida, two in Georgia and three in Ohio. Texas is losing a Sears. The company said the stores will be closed by October. Liquidation sales will begin in many of the stores as early as Thursday.
Sears Holdings has closed more than 300 stories this year. The company announced just last week that 20 Sears stores would be closing and that liquidation sales had begun for those stores.
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