Sears, Kmart to close 72 stores and eliminate American Jobs

 Sears, Kmart to close an additional 72 stores in 2017, per report

Business Insider, citing an internal memo, reported on Tuesday that Sears is planning to close 72 additional stores this year, in addition to 180 locations the company had previously announced it would close this year.

According to Business Insider, the company will shutter 16 Sears locations, 49 Kmart stores and seven auto centers. The report indicates that a majority of the 72 stores will close in September. 

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