(WTVR) Sears announced Thursday it planned to close dozens more Sears and Kmart stores around the country, including the Sears in Colonial Heights and Kmart on Nine Mile Road.
“We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members,” a company spokesperson said. “It’s important to note that these stores will remain open to serve members during the holiday season.”
Sears and Kmart have been losing billions of dollars and closing stores for years. Their parent company, Sears Holdings, hasn’t turned a profit since 2010 and warned earlier this year there was “substantial doubt” that it will be able to stay in business.
