Sears Holdings to close some Kmarts

HOFFMAN ESTATES, Ill. — Sears Holdings has indicated it will close “a handful” of Kmart locations by spring, the Associated Press reports. The parent company of Sears and Kmart did not elaborate on the number of stores or personnel to be impacted, but said that they will be consistent with last year’s closures. A spokesperson for the company described the affected stores as a “small percentage” of the 952 Kmart stores. Sears narrowed its losses in the third quarter by cutting costs but continued to see sales decline at both its Sears and Kmart stores.