Sunday, April 20, 2014

SHC Releases List of 79 K-Mart & Sears Stores That Will Be Closed; Guam's K-Mart NOT on This, Initial, List

Guam News - Guam News

Guam - The Guam K-Mart store is NOT on the initial list of 79 stores that Sears Holding Corporation [SHC] plans on closing in the coming weeks. However the company still plan on closing as many as 41 other stores, but they have not announced which ones yet.

On Tuesday, SHC announced they would be closing between 100 and 120 locations nationwide due to falling sales.

According to the latest release from SHC, “This list represents 79 of the 100 to 120 store closings that were announced in the December 27, 2011 Sears Holdings press release."

Click HERE to see the List of stores that will be closed

Additional updates will be posted to www.searsmedia.com as they become available.

READ Sears Holding Corporation's release on the need to close stores HERE.

SHC reports that as of December 27th, sales at their K-Mart stores fell -1.8%  year to date, while sales at their Sears stores dropped -3.3%.

SHC says the closings will generate $140 to $170 million in savings. It is not clear yet how many people will be laid off.


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