📉Sears Will Close 72 More Stores, After Quarterly Sales Drop Nearly 12 Percent

By EarningEstimate, Company

📉Sears Will Close 72 More Stores, After Quarterly Sales Drop Nearly 12 Percent

Sears Holdings Corp., which controls Sears and Kmart, says it has “identified approximately 100 non-profitable stores, 72 of which will begin store closing sales in the near future,” in the latest sign of the retailer’s struggles to stay afloat.

The figure represents about 8 percent of Sears’ remaining stores.

Sears Holdings announced the closures in its quarterly results that it released on Thursday, in which it reported total revenues of approximately $2.9 billion — down from $4.2 billion in the same quarter a year ago.

NPR

https://www.npr.org/sections/thetwo-way/2018/05/31/615741603/sears-will-close-72-more-stores-after-quarterly-drop-in-sales-of-nearly-12-perce

Sears Holdings Reports First Quarter 2018 Results | Sears Holdings Corporation

http://searsholdings.com/press-releases/pr/2102

Sears to close another 72 stores as sales plunge

https://www.detroitnews.com/story/business/2018/05/31/sears-closing-stores/35532811/

Sears to close 72 stores, possibly more, after reporting $424 million first-quarter loss – seattlepi.com

https://m.seattlepi.com/business/article/Sears-to-close-72-stores-possibly-more-after-12956515.php

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