investorschatroom.com

People

KMart closing in Rutland in early April

Share
KMart closing in Rutland in early April

The Sears store is at 5900 West Glades Road., in Boca Raton.

That includes 10 Kmart stores and three Sears stores in Pennsylvania. Eligible workers will be offered severance pay and the opportunity to apply for positions at other Kmart and Sears locations, the company said. But, they're also closing a store in Urbandale, Iowa.

Sears Canada filed for bankruptcy previous year, and is in the process of shuttering its business entirely.

In 2006, Sears Holdings operated more than 3,000 locations in the USA and Canada, according to CNN.

Another round of Kmart and Sears closings is slated for the coming weeks, Sears Holding Company announced.

LG Introduces Compact 4K Projector That Can Create 150-inch Screen
With the LG HU80KA, you will get a cinematic experience, from the 4K picture quality, and the projector still being portable. The projector has received the coveted CES 2018 Best of Innovation award and is being featured at the tech show next week.

Terrorists storm CRPF camp in J&K's Pulwama, jawan killed
The terrorists stormed the 185th battalion camp of the CRPF in Lethpora village in Kashmir valley around 2am. The Pakistan-based Jaish-e-Muhammad claimed responsibility for the attack.

Arrest after police shoot man dead responding to hoax 'swatting' call
Swatting dates back to at least the early 2000s, and the Federal Bureau of Investigation first warned the public about it in 2008. Some swatters use a teletypewriter (TTY) relay - a phone system created for people who are deaf - to place 911 calls.

Sears said Thursday that liquidation sales would begin as early as next week at stores that would close.

As the rise of e-commerce spearheaded by Amazon and Walmart continues, businesses like Sears Holdings aren't keeping up. The closures were announced last November.

There are Sears locations remaining open at Castleton Square Mall and in Greenwood. The St. Clair Shores store listed 127 associates when it announced the layoffs.

The New Springville Sears store - which was significantly downsized when Primark subleased space from Sears - is not on the most recent list of closures.

Another 64 Kmart and 39 Sears stores are being closed this year as Sears Holdings continues to trim its retail properties in response to lagging sales. Red Oak's Kmart is the only store in KMAland impacted by the closings.

Share