Culture&Arts

American chain department Sears to close 103 stores

American chain department Sears to close 103 stores

The company will continue to close some unprofitable stores as it attempts to "right-size" the number and size of its physical stores to customers' needs, it said in a statement. The Sears store is at 5900 West Glades Road., in Boca Raton. Another 64 Kmart stores will be closed this year, including Arroyo Grande, Cudahy, Ontario, Redding and Taft in California.

Liquidation sales will begin as soon as next Friday at the stores. According to Business Insider, the current round of closings will leave less than 940 Sears stores, compared to 3,510 locations six years ago. But the company said it will offer displaced workers severance pay and the chance to apply for open positions at other stores.

Sears declined to specify how many employees will be displaced by the latest round of store closings.

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"Those affected, it will be tough", said Billings, "after the first of the year, for them to find themselves without work toward the end of April, or so".

The news follows on the heels of Macy's announcement it is closing its store in downtown Burlington, as brick-and-mortar retail continues to be battered by online shopping.

The lone Kmart in Colorado Springs is closing its doors in 2018.

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All three stores will close in early April.

Sears Holdings officials told its Thursday they plan to close an additional 103 stores, CNBC reports.

Last year, commissioners adopted a mixed use zoning ordinance with the hopes of allowing more business to set up shop in the commercial district.

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