Sears and Kmart closing 26 more stores
Justin Sullivan/Getty Images(CNN) - More than two dozen Sears and Kmart stores are closing, as the company continues to struggle after emerging from bankruptcy. The parent company of Sears and Kmart, called Transform Co., said Wednesday that it has "faced a number of challenges returning our stores to sustainable levels of productivity. It plans to close five Kmarts and 21 Sears stores across the United States and Puerto Rico. It plans to "accelerate the expansion" of its smaller-formart stores, Sears Home & Life. Following the closures, Sears and Kmart will have about 400 remaining stores.
5 chains possibly headed for bankruptcy in 2018
JACKSONVILLE, Fla. โ U.S. retailers closed an estimated 9,000 store locations in 2017. Here are five chains you may have heard of that could be headed towards bankruptcy or massive store closures in 2018. SearsWith both the Sears and Kmart chains hemorrhaging money, store closures have become a dominant theme for struggling retail giant Sears Holdings. According to the Motley Fool, more store closures won't save Sears Holdings from bankruptcy. If Motley's prediction holds true, expect another round of struggling Sears anchored malls to go belly up.