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Economy
Kmart closing 64 stores, firing thousands across 28 states
2016-09-21
  • [Daily Mail, Where America Gets Its News] Sears Holdings announced it will close the stores in addition to 68 Kmarts and 10 Sears that have already closed in 2016

  • The stores in the latest round of closures will begin liquidation sales by the weekend and close for good in December

  • The company has shuttered almost 10 percent of its stores since its financial troubles began
Posted by:Fred

#5  Rainman called this years ago.
Posted by: The peanut gallery   2016-09-21 17:34  

#4  Houma _and_ New Iberia. Oh well.
Posted by: Thing From Snowy Mountain   2016-09-21 16:58  

#3  The irony, of course, is that Sears invented the Amazon business model.

Send in the order and they send you the product; everything from underwear to houses.

The only significant difference is the technology of the mail.
Posted by: AlanC   2016-09-21 08:32  

#2  "We're not closing stores. We're simply becoming more selective in our appeal."
Posted by: SteveS   2016-09-21 00:41  

#1  I'm surprised that they haven't ceased operations all together. What exactly is it that are they convincing their creditors is their "niche"?
Posted by: Crusader   2016-09-21 00:13  

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