The decline of Sears’ physical footprint over the past decade or so has been astonishing, far outpacing its department store peers, and it shows no sign of stopping.
In May, the company said it closed 108 stores (67 Kmarts and 41 Sears stores) in the first quarter of this year. It also said that month that it planned to close another 70 stores. (The next month saw the retailer slash 200 corporate jobs in another effort to cut costs.)