A Kmart in Milford will soon be closing its doors.
Even if Sears is able to survive its bankruptcy proceedings this month, the retailer will continue to close down stores.
Sears continues to shrink. The once iconic American retailer is closing 28 more of its Kmart stores later this year.
A bankruptcy judge has blessed a $5.2 billion plan by Sears chairman and biggest shareholder Eddie Lampert to keep the iconic business going.
Struggling department store chain Sears says it’s closing even more stores as it tries to turn around its business.
Sears may sell more locations, cut more jobs and put more of its famous brands on the block as part of its latest plan to revive the faltering retail chain.
Sears Holdings Corp. says it’s laying off 220 workers primarily at its headquarters in Hoffman Estates, Illinois as it struggles to turn around its ailing business.
The hedge fund owned by Sears Holdings Corp. CEO Eddie Lampert is urging the retailer’s board to sell more of its real estate and restructure its debt, as it seeks to avoid bankruptcy.
It’s game over for more than 100 GameStop retail locations.
Sears’ biggest shareholder has suggested the company sell its well-known Kenmore brand and some real estate holdings, offering itself as a potential buyer.