Kmart to close 64 stores this spring, including one in Cabot

Kmart to close 64 stores this spring, including one in Cabot

Kmart to close 64 stores this spring, including one in Cabot

"In the process, as previously announced, we will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members". No Sears stores in MI are included in the latest round of shutdowns, which will take place between early March and April.

Sears Holdings, which owns both Sears and K-Mart, announced the closings Thursday, extending months of similar shut downs.

The Anchorage store is located in the Sears Mall on busy Northern Lights Boulevard, a commercial thoroughfare through the state's largest city. The others either in late January or late February, according to a release from Sears Holding.

More than 100 Kmart and Sears stores will close this spring, including five low-performing stores in North Carolina.

Oil near 2015 highs on strong China data
Brent crude futures-the worldwide benchmark-were also up, rising 45 cents or 0.7% to $66.61 a barrel, CNBC reported. Inventories excluding the nation's strategic reserve have declined more than 11 per cent in the past year .

The Sears at the Berkshire Mall in Wyomissing and Kmart's last Berks store in Cumru Township have again been kept off the chopping block as the Illinois-based company takes steps to stay in business.

The company in November reported a third-quarter 2017 net loss of $558 million. Following is a complete list of the impacted stores. "Total comparable store sales declined 15.3 percent during the quarter".

Contact the newsroom at 459-7572.

Recommended News

  • Apple acquires Canadian app development service Buddybuild

    Some of the other clients include Mozilla, Hootsuite, Reddit, SoundCloud, FourSquare and The New York Times. Thus, it just makes sense that Apple wants to ensure that its platform and apps remain developer-friendly.
    Kim says United States  should know North Korean nuclear force a reality

    Kim says United States should know North Korean nuclear force a reality

    Dressed in a western-style grey suit and tie, Kim added, however, that the North's nuclear arsenal played a purely deterrent role. How things turn out, he said , rests on whether China puts more pressure North Korea.
    North Korea gives United States  condition to end nuclear tests

    North Korea gives United States condition to end nuclear tests

    The secret papers suggest missiles recently launched by tyrant Kim Jong-un were aquired by the rogue state with the help of Vladimir Putin's henchmen.
  • Loathsome Shill Ajit Pai Drops Out Of Planned CES Appearance

    Loathsome Shill Ajit Pai Drops Out Of Planned CES Appearance

    But the FCC vote does faces legal challenges, including one led by New York's attorney general, Eric Schneiderman. But Pai and his family have faced harassment over the controversial decision to repeal the rule.
    Flu cases prompt visit restriction at Wrexham hospital

    Flu cases prompt visit restriction at Wrexham hospital

    Half the family hit with the Australian flu virus and some even left in hospital with it. Flu shots can also be administered through local healthcare providers and pharmacies.
    IMA to protest against NMC Bill

    IMA to protest against NMC Bill

    Similarly in Karnataka, hundreds of private hospitals shut their OPDs to protest against the NMC Bill, 2017. IMA has been strongly opposing the bill, saying it will "cripple" the functioning of medical professionals.
  • HBO confirms 2019 release for 'Game of Thrones' season 8

    Weiss would direct episodes of the six-episode season, along with Bryan Cogman and Dave Hill. HBO makes it official an announces the final Season of Game of Thrones will debut in 2019.
    16 people hurt, 4 seriously, in Bronx fire

    16 people hurt, 4 seriously, in Bronx fire

    The displaced residents were placed on an MTA bus so they could keep warm while firefighters continued battling the blaze. Nigro said authorities would enter the building to determine the cause of the fire once it's deemed safe.
    Happy New Year 2018

    Happy New Year 2018

    Fireworks explode near the Sydney Opera House as part of new year celebrations on Sydney Harbour, Australia, December 31, 2017. In Hong Kong, the fireworks display lit up the sky above the iconic Victoria Harbour to the sound of Auld Lang Syne remix.
  • Government urged to introduce 25p

    Government urged to introduce 25p "latte levy" on coffee cups from MPs

    Government sources said ministers were "open" to the idea of a coffee cup charge if evidence shows it would change behaviour. The figure is much less than the 25p suggested by MPs as the sort of levy that would drive people to stop using the cups.
    Orrin Hatch announces he won't seek re-election

    Orrin Hatch announces he won't seek re-election

    In his video address Hatch said he's "authored more bills that have become law than any member of Congress alive today". That dynamic sparked a recent lobbying effort by the White House to encourage Hatch to seek another term in office.
    India's December manufacturing PMI sees fastest growth in five years

    India's December manufacturing PMI sees fastest growth in five years

    The pickup in December's manufacturing PMI came on the back of strong demand both at home and overseas . However, input costs rose at their fastest pace in nine months, as prices for raw materials rose.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.