When I was a kid Sears was a retail powerhouse. But it did always seem drab. I always associated Sears with the color beige. And that’s not a good color to be associated with.
The list of store closings is due to be announced mid-day Thursday. Sears said it identified 100 non-profitable Sears and Kmart stores and picked 72 for closure “in the near future.”
The company closed a total of nearly 400 stores during the past 12 months, and now has a total of 894 left, including the 72 slated for closure. The two chains had a total of 3,500 U.S. stores between them when they merged in 2005.
Times change. The market moves. Amazon delivers in a day.