{"id":107572,"date":"2017-11-04T00:19:29","date_gmt":"2017-11-03T22:19:29","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=107572"},"modified":"2017-11-04T00:19:29","modified_gmt":"2017-11-03T22:19:29","slug":"107572","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=107572","title":{"rendered":""},"content":{"rendered":"
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Sears to close 63 more U.S. stores<\/h1>\n

after holiday season<\/h1>\n

\u00a0said it will close 63 additional stores in the United States after the holiday season as part of its continued effort to return to profitability in a difficult retail environment.<\/strong><\/p>\n

The announcement, made to employees on Thursday and available on the company\u2019s website, follows news last month that Whirlpool Corp would stop supplying some big name-brand appliances to Sears, and a fresh cash infusion from Chief Executive Edward Lampert.<\/p>\n

The closures, set for late January, include 45 Kmart stores and 18 Sears stores and follow 330 closures in 2017.<\/p>\n

The move will reduce the number of locations operated by Sears, once the largest U.S. department store chain, to around 1,000, from 2,019 stores in 2012.<\/p>\n

Liquidation sales at the closing stores will begin as early as Nov. 9, Sears said.<\/p>\n

Shares in Sears, which have lost 54 percent over the past year, ended 4.8 percent lower on Friday at $5.17.<\/p>\n<\/div>\n<\/div>\n

\n

The announcement, made to employees on Thursday and available on the company\u2019s website, follows news last month that Whirlpool Corp would stop supplying some big name-brand appliances to Sears, and a fresh cash infusion from Chief Executive Edward Lampert.<\/strong><\/p>\n

The closures, set for late January, include 45 Kmart stores and 18 Sears stores and follow 330 closures in 2017.<\/p>\n

The move will reduce the number of locations operated by Sears, once the largest U.S. department store chain, to around 1,000, from 2,019 stores in 2012.<\/p>\n

Liquidation sales at the closing stores will begin as early as Nov. 9, Sears said.<\/p>\n

Shares in Sears, which have lost 54 percent over the past year, ended 4.8 percent lower on Friday at $5.17.<\/p>\n

The announcement, made to employees on Thursday and available on the company\u2019s website, follows news last month that Whirlpool Corp would stop supplying some big name-brand appliances to Sears, and a fresh cash infusion from Chief Executive Edward Lampert.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n

The closures, set for late January, include 45 Kmart stores and 18 Sears stores and follow 330 closures in 2017.<\/p>\n

The move will reduce the number of locations operated by Sears, once the largest U.S. department store chain, to around 1,000, from 2,019 stores in 2012.<\/p>\n

Liquidation sales at the closing stores will begin as early as Nov. 9, Sears said.<\/p>\n

Shares in Sears, which have lost 54 percent over the past year, ended 4.8 percent lower on Friday at $5.17.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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