Sears Holdings Corp.

Sears Holdings Corp. closes more than 100 Kmart and Sears stores in latest cuts

Sears Holdings Corp. closes more than 100 Kmart and Sears stores in latest cuts

More than 100 Sears and Kmart stores, including five Kmarts and six Sears stores in California, will be closing between early March and early April, Sears Holdings Corp. announced Thursday.

The company will continue to close some unprofitable stores as it attempts to “right-size” the number and size of its physical stores to customers’ needs, it said in a statement.

Employees at the 64 Kmart and 39 Sears stores that close will get severance benefits and will be able to apply for open positions at other Kmart and Sears stores, but the company did not guarantee jobs for associates in the statement.

Sears Holdings spokesman Larry Costello wouldn’t say how many jobs would be...

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