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Sears, Kmart parent releases partial list of store closings

| December 29, 2011 | 0 Comments
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Sears Holdings on Thursday released a partial list of Sears and Kmart stores that the company will close, two days after announcing that an unspecified 100 to 120 stores would be shut.

The list released Thursday contains 79 stores. Company stock was walloped when the news broke on Tuesday, tumbling 27%, off 83% from an April 2007 high of $195.18.

Company stock (SHLD) closed down 1.3% for the day Thursday.

Sears Holdings has not said how many layoffs would be caused in closing the stores. Each store to be closed typically employs between 40 and 80 people, according to the company.

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Category: State News

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