Friday, December 30, 2011

SEARS -KMART TO CLOSE UP TO 120 STORES : EACH HAS A MINIMUM OF 80 JOBS

" Florida will be hit the hardest by the closing of Sears and Kmart stores, losing 11, according to a preliminary list of 79 planned closures released Thursday.

Ohio, Michigan and Georgia are not far behind with six store closures planned in their states. Tennessee, North Carolina and Minnesota are set to lose four stores each.

A spokeswoman for Sears Holding Corp. said each store employs between 40 and 80 people.

None of the closures announced so far are in Sears' home state of Illinois.

The 125-year-old retailer said on Tuesday it would close up to 120 stores to raise cash."


This breaking Yahoo news article lists the stores by state. Sears used to be well known for excellent appliances. Kmart is probably being beaten by Wallmart; both carry mostly imported products.

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