Since announcing the closure of 150 Sears and Kmart stores in January, Sears Holding has made three more rounds of cuts.
Today was the latest, with the announcement of another 35 Kmart and 8 Sears store closings. Liquidations will begin July 13.
All told, that makes 265 closings. That will leave the company with fewer than 1,140 stores, down from more than 2,000 five years ago.
As it has done in the previous closing announcements, the Sears store at The Mall at Barnes Crossing stays open, although its Auto Center closed last month.
Sears Holdings CEO Eddie Lampert said, “This is part of a strategy both to address losses from unprofitable stores and to reduce the square footage of other stores because many of them are simply too big for our current needs.”