Sears to Close 77 Stores
77 Sears and Kmart stores will close prior to the holiday season, according to multiple media reports, including by CNN Money. The closures will result in the loss of 5,300 jobs for the chain.
41 Kmarts and 36 Sears stores will shutter.
Sears had denied a report, earlier this week by Seeking Alpha, that put the closing total at over 100.