Sears To Close A Third Of Its Remaining Stores As Iconic Retailer Fades Away  | WHAT REALLY HAPPENED

Sears To Close A Third Of Its Remaining Stores As Iconic Retailer Fades Away 

Transformco, the shell company that bought bankrupt retailer Sears Holdings Corp. earlier this year, disclosed late Thursday that the "difficult retail environment and other challenges" have led to the decision to close an additional 96 stores by Feb. 2020.

Following the closures (51 Sears and 45 Kmart stores), Transformco will operate only 182 stores, a 57% decline of its Sears and Kmart footprint from 1Q19 of 425 stores.

The latest 96 closures are in addition to the 100 stores we reported last month.

In 2014, Sears operated 2,000 Sears and Kmart stores across the country have seen significant declining sales as consumer trends evolve to more e-commerce shopping.

Webmaster's Commentary: 

That's an intense amount of closures; I doubt that Sears will be with us much longer.

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