Final Sales to Start at 150 Closing Kmart and Sears Stores

What's Hot


The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Where to Sell Your Stuff for Top DollarAround The House

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

21 Restaurants Offering Free Food Right NowSaving Money

20 Simple Hacks to Make Your Stuff Last LongerAround The House

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

12 Surprising Ways to Wreck Your Credit ScoreBorrow

9 Secret Ways to Use Toothpaste That Will Make You SmileAround The House

The 2 Types of Music That Most Improve Dog BehaviorFamily

Liquidation sales pave the way for closing of 108 Kmart and 42 Sears stores.

The bad news is that 150 Kmart and Sears stores will shutter by the end of March.

The silver lining is that liquidation sales would start as early as Friday at all of those stores, Sears Holdings Corp. announced Thursday.

The parent company of both struggling retail chains said it will close these 108 unprofitable Kmart locations and 42 unprofitable Sears locations “to stem losses.”

The closures are among Sears Holdings’ latest moves to transform its business model into one that is less “store-based” and less “asset-intensive.” Edward S. Lampert, chairman and CEO of Sears Holdings, explained in Thursday’s announcement:

“We are taking strong, decisive actions today to stabilize the company and improve our financial flexibility in what remains a challenging retail environment. We are committed to improving short-term operating performance in order to achieve our long-term transformation.”

In mid-February, one Kmart store in Mechanicsburg, Pennsylvania, will close. In mid-March, one store in Cromwell, Connecticut, will close.

At the end of March, the rest of the 108 unprofitable Kmart stores will close. They are spread across multiple states.

Two Sears stores — in Florence, South Carolina, and Camp Hill, Pennsylvania — will close in mid-February.

At the end of March, the rest of the 42 Sears stores will close. They are spread across multiple states. For a complete list of Kmart and Sears stores due to close, check out Sears Holdings’ “Upcoming Store Closures” document.

What’s your take on this news? Share your thoughts with us by commenting below or over on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 10 Tips to Get the Best Deals From Outlet Shopping

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,796 more deals!