log in to manage your profile and account
- Create your account
- Receive up-to-date newsletters
- Set up text alerts
Published: Monday, April 24, 2017 @ 4:41 PM
By: Kara Driscoll
Sears Holdings is set to close 50 Auto Center locations, the company announced.
Sears updated investors last week on its strategic restructuring program, stating the company aimed to save $1.25 billion through some store closures in 2017. The company already announced it would close 108 Kmart stores and 42 Sears locations.
» RETAIL APOCALYPSE: 3,500 stores to close in 2017
Sears announced it would close an additional 92 underperfomring pharmacy operations in some Kmart stores and 50 Sears Auto Center locations.
» RELATED: Kmart, Sears stores to close in Ohio
“Consistent with our ongoing strategy of focusing on our best stores, best categories and best members, we will continue to take difficult yet necessary actions,” said Edward Lampert, chairman and chief executive officer of Sears Holdings. “As we sharpen our focus on profitable areas of our business, we will also continue to closely evaluate the longer-term viability of stores where a clear path to return to profitability is not in sight.”
Sears did not specify which Auto Center and pharmacy locations will close at this time.
The company has auto centers located at the Dayton Mall in Miami Twp. and Towne Mall in Middletown.
FIVE FAST BUSINESS READS