“The decision to close stores is a difficult but necessary step as we take aggressive actions to strengthen our company, fund our transformation and restore Sears Holdings to profitability,” Edward Lampert, chairman and chief executive of Sears Holdings, said in the company’s statement. “We’re focusing on our best members, our best categories and our best stores as we work to accelerate our transformation.”
Also to be closed are Kmart stores in Ashtabula, Fremont, Lima and a Super K store in Lorain.
The closing Kmart and Sears stores will start their liquidation sales on May 12 and April 29, respectively. Most stores are expected to close by late July.