Sears media has released a partial list of the 100-120 stories that will be closing. There were no announcements as to when the stories would be closing permanently.
Click here for a list of 79 locations where stores will be closing. It takes a few minutes for the page to open, so be patient.
Sears made the announcement a few days before Christmas. They wasted no time announcing a huge cutback on its store count. Between 100 and 120 Sears and Kmart stores will be closed. The company says $140 million to $170 million will be made as the inventory is shuffled out at fire-sale prices.
That’s just from a taste perspective, however. The harshest reality for the company is the poor sales numbers that have plagued Sears and Kmart for some time. Sears Holdings has lost money in five of the past six quarters. Even worse: November marked a stunning 19 straight quarters of sales declines!
The icing on the cake is that Wall Street estimates for the company project consecutive quarterly losses in each period through all of fiscal 2013. That means if you’re being charitable, Sears will continue to lose money for another year-and-a-half, according to investorplace.com.