Kmart will also lay off 76 employees in Toledo, where one store will close permanently in late September.
“This is part of a strategy both to address losses from unprofitable stores and to reduce the square footage of other stores because many of them are simply too big for our current needs,” Sears Chief Executive Eddie Lampert said in a blog post on the closures.
» STORE CLOSINGS: What’s really going on?
Sears Holdings lost $2.2 billion in sales in 2016. In late March, the company issues a somber message and officials said there is “substantial doubt” that Kmart and Sears can continue to survive. The ominous warning came in an annual report filed with the Security and Exchange Commission.
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