Sears Set To Close Several Stores
On the heels of Christmas, Sears execs say sales have been off during much of the holiday shopping season and the company will close up to 120 stores in its Kmart and Sears chain to focus on stronger stores.
Sears has two stores in Shreveport/Bossier...one in Mall St. Vincent and another in Pierre Bossier Mall. There's only one K-Mart left in the city. It is on East Texas in Bossier City.
This news has sent Sears stock down more than 20%. Kmart sales are down by more than 4% from a year ago. Sales are Sears are off by more than 6%.
The full list will be release HERE