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Sears is closing over 100 more stores
Sears Holdings, the parent company of Sears and Kmart stores, told its employees Thursday it will close more than 100 additional stores
That consists of 64 Kmart stores and 39 Sears stores, all of which are expected to close between early March and April.
"We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members," the company said in a statement.
Sears wouldn't say how many of its employees will be affected but did say most of the jobs are part-time positions and eligible associates will receive severance.
Liquidation sales will begin as early as Jan. 12, Sears said.
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