HOFFMAN ESTATES, Ill. (WJW) — Fifty-one Sears stores and another 45 Kmart locations will soon be closing across the country, according to Transformco, the company that acquired the beleaguered retailers out of bankruptcy.
Sears Holdings Corporation was purchased by Transformco in February 2019. Since then, Transformco has faced a difficult retail environment, along with other challenges, the company said in a press release Thursday.
In an effort to "position Transformco for success" by focusing on their competitive strengths and reducing operations that are struggling, the company has made the "difficult but necessary" decision to close 96 Sears and Kmart stores nationwide.
The stores are expected to close by February 2020. Going out of business sales will begin on December 2, 2019 at many locations.
***Click here for a list of nationwide closures.***