Author: Brandon A. Weber / Source: Big Think
- Sears to close 142 stores immediately amid bankruptcy filing.
- Dozens of Kmart stores — owned by Sears since 2004 — already scheduled for closing in November.
- Will it affect a store near you?
Sears announced on Monday that it’s in bankruptcy proceedings, along with the immediate closure of 142 stores nation-wide.
With the news comes the stepping down of Sears CEO Edward Lampert, who had held the position since 2013.With this, the phenomenon of national and international retail stores closing doesn’t seem to be slowing down.
Ancestry.com
Those pants, tho …
With the fresh closures of Sears and Kmart stores, it’s now down to less than 700 retail locations—1/3 of the stores it operated in 2013.
This also comes on the heels of Sears and Kmart ceasing its sales relationship with iconic…
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