Quantcast
Home » News
Home » News

Sears closing more stores, including Utah Kmart

Published July 10, 2017 5:26 pm
This is an archived article that was published on sltrib.com in 2017, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Struggling department store chain Sears says it's closing even more stores as it tries to turn around its business, including a Kmart store that it owns in Utah.

Sears Holdings Corp. CEO Eddie Lampert said Friday that by early October, the company would close another eight Sears and 35 Kmart stores that are unprofitable. Among those is the Kmart located at 4670 S. 900 East in Salt Lake County.

Hundreds of store closings have already been announced this year.



Sears had said in March that there was "substantial doubt" it could continue after years of bleeding money, though it has insisted that its actions to regroup should help reduce that risk. With more people shopping online, mall foot traffic has dropped.

There were 624 Kmart stores and 651 Sears stores as of the end of April.

 

 

 

USER COMMENTS
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
comments powered by Disqus