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Sears Lists 79 Stores It Will Close

HOFFMAN ESTATES, Ill., Dec. 29 (UPI) — Sears Holdings Corp. released a partial list of U.S. stores it plans to close, revealing 79 doomed locations out of up to 120 it plans to ax.

Sears said it would not hazard a guess on the number of associates who would be displaced as the number “varies from store to store.” There were between 40 and 80 employees at each location, the firm said.

The list is available at http://searsmedia.com/tools/122711_close.pdf.

In a statement released Tuesday, Sears said, “While our past practice has been to keep marginally performing stores open while we worked to improve their performance, we no longer believe that to be the appropriate action in this environment.”

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

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