Sears Chops 100 to 120 Marginally Performing Stores

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

According to a report by WWD, suburban Hoffman Estates Sears Holdings Corp. said it expects to close between 100 to 120 Kmart and full-line Sears stores. No word yet on how many locations will be (if any) in Chicagoland.

According to a report to be released in late february, sales slid quite a bit in consumer electronics and apparel categories and lower layaway sales. Lou D'Ambrosio, Sears Holdings Corp. CEO says they're implementing a series of actions to better enable Sears and Kmart to focus investments on serving their customers .
· Sears to Close Sears, Kmart Stores [WWD]