They're also selling off the Craftsman tool brand to Black and Decker. Probably because Harbor Freight wouldn't pay enough for it.
I was recently in a Sears department store (not one on the closing list). In the entire two-story store, there were maybe three open registers, at least when the sales clerk could be found. The far smaller Marshalls store a couple of miles away had more people working in it.
Here's the Big Lie:
The company said late Tuesday that it would close 108 Kmart stores and 42 Sears stores, calling it "a difficult but necessary step as we take actions to strengthen the company’s operations and fund its transformation."Right. I've never known of a large company that had even a momentary qualm about canning ten thousand or so workers.
Maybe Trump can Twitterize them into changing their minds.