Sears Holdings Corp. has announced that 40 stores will close in February 2019 and add the 142 closures announced by…
Sears Holdings Corp. has announced that 40 stores will close in February 2019 and add the 142 closures announced by the fighting dealer earlier.
The stores, including both Kmart and Sears, will begin liquidation sales late next week, the company said. Sears Auto Stores in these locations will also close.
SHLDQ, + 9.17%
left Chapter 11 on October 15th. The dealer and its CEO Eddie Lampert followed a complicated and winding path to bankruptcy.
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Sears said that the latest closures of store closures are part of Sears Holding’s processes to accelerate its strategic transformation and facilitate its financial restructuring. “
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In addition to store positions, Sears has also released its bybuster offers for Thanksgiving and Black Friday Shopping. Among the items included in Sears there is a fridge from the Kenmore French door, discounted 55% to $ 889.99, and a Craftsman toolbrush and the wardrobe, down 41% to $ 429.98.
Sears stores open at 6 o’clock on Thanksgiving and close at midnight. Black Friday, the stores will open at 5 o’clock in the morning.
Kmart stores open at 6 o’clock on Thanksgiving and close at midnight and then open on Black Friday at 6 o’clock. The dealer will have offers on shoes including buy one pair another for $ 1; $ 1; $ 799 pajamas pants for men and women; and appliances such as a toaster toaster for $ 4.99.
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Kmart, as well as many other retailers, including Target Corp.
and Walmart Inc.
WMT, + 0.60%
is focused on toys. This is the first holiday without toys “R & # 39; Us to compete with after bankruptcy and liquidation.
Sears and Kmart offer free shipping on orders of $ 35 or more and free pickup in the car in the online order store.
“We want our members and customers to know that we are open to serving them online and in stores, both in Kmart and Sears,” said Peter Boutros, chief brand manager for Sears and Kmart.
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Sears shares have fallen more than 90% in 2018 while the S & P 500 index
is 4.1% for the period.