Sears Holdings Corp has announced that 40 stores will close in February 2019, adding the 142 closures announced by the boring retailer earlier.
The stores, which include both Kmart and Sears, will start liquidation sales late next week, said the company. Any Sears Auto Stores in these locations will also close.
SHLDQ, + 9.17%
filed Chapter 11 October 15th. The retailer and CEO Eddie Lampert followed a complicated and winding way to bankruptcy.
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Sears said in a statement that last closure of business is "part of Sears Holdings' processes for to accelerate its strategic transformation and facilitate its economic restructuring. "
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In addition to retail outlets, Sears has also released its doorstep for Thanksgiving and Black Friday Shopping. Among those included in Sears is a Kenmore French-style refrigerator, discounted from 55% to $ 889.99, and a craftsman with chest and rollers, down 41% to $ 429.98.
The Sears stores open at 6 o'clock on Thanksgiving and close at midnight. On Friday, shops will open at 5.
Kmart stores will open at. 6 on Thanksgiving and close at midnight, and then open on Black Friday at 6:00. The dealer wants to offer shoes, including buy one pair another for $ 1; pajama pants for men and women for $ 7; and appliances, such as a two-slice toaster, for $ 4.99.
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Kmart, like many other dealers, including Target Corp.
and Walmart Inc.
WMT, + 0.60%
is focused on toys. This is the first holiday without Toys & R & # 39; Us to compete with, after bankruptcy and liquidation.
Sears and Kmart offer free shipping on orders of $ 35 or more and free collection in the car at the store for online orders.
"We want our members and customers to know that we are open to serving them online and in stores, both at Kmart and Sears," said Peter Boutros, the boss of Sears and Kmart.
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Sears shares have fallen more than 90% in 2018 while S & P 500 index
is 4.1% for the period.