Sears and Kmart to start liquidation sales at 26 stores on August 15 [MarketWatch]
SEARS HOMETOWN & OUTLET (SHOS)
US:NASDAQ Investor Relations:
searshometownstores.com
Company Research
Source: MarketWatch
Sears and Kmart to start liquidation sales at 26 stores on August 15 Transform Holdco, which was created in January to purchase the remaining Sears Holdings Corp. SHLDQ, +0.57% assets in order to continue as a going concern, has announced an additional 26 Sears and Kmart store closures. "After careful review of where we are today, we believe the right course for the company is to accelerate the expansion of our smaller store formats which includes opening additional Home & Life stores and adding several hundred Sears Hometown stores after the Sears Hometown and Outlet transaction closes," the statement said. The Sears Hometown bid was made in April. Liquidation sales at the 26 closing stores will begin on August 15. Sears Holdings stock has sunk 85.5% over the past year while the S&P 500 index SPX, -0.30% is up 3% for the period.
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