Sears Holdings continued to struggle Friday in a week that the company will long remember for its announcement of plans to close up to 120 underperforming Sears and Kmart stores.
Late Thursday, the Hoffman Estates, Ill.-based parent company released a partial list of 79 Sears and Kmart stores that the company has selected to close and its website says other stores will be identified at a unspecified later date. The list as of Friday afternoon contained 80 stores. A Kmart in Indiana had been added.
Sears Holdings (SHLD) has not said how many layoffs would be caused in closing the stores although its website says each store to be closed typically employs between 40 and 80 people. Based on the numbers provided, 4,000 to 9,600 workers could lose their jobs.