Some Underperforming Kmart Stores are Closing

Macy's, the department stores chain hit the headlines with news that it is closing forty of its stores. Finish Line, the shoe retailer also said that it is planning shutter hundred and fifty stores by 2020. But the news of Sears Holdings, which is the corporate parent of Sears and Kmart, planning to shut down some of its outlets did not attract much attention.

Sears Holdings is planning to shutter three Kmart stores in California. In the last five years, Sears Holdings has actually closed many of its stores.