Business & Tech
Future of Eldersburg Kmart Uncertain
Sears Holding Corp. announced it will be closing more than 100 stores. The list of which stores will be closing has yet to be announced.
After a disappointing year, Sears Holding Corp. announced Tuesday that it is closing between 100 and 120 Kmart and Sears stores, according to a company statement.
The company has not announced which stores would be closing, stating on its website that the stores would be posted when it the decision is finalized.
A manager at the declined to comment on the fate of the Carrolltown Mall location.
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The closings will be aimed at “marginally performing” stores, according at an article by the Wall Street Journal.
According to the company's statement, the store closures are expected to generate $140 to $170 million of cash as the net inventory in these stores is sold.
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