-
100 to 120 Kmart, full-line Sears stores to close
HOFFMAN ESTATES, Ill. — Kmart's parent company delivered some not-so-happy holiday news last week.
Sears Holdings said last Tuesday that it will close between 100 and 120 underperforming Kmart and Sears stores, following dismal holiday sales results for the brands.
The company said it has not yet identified which stores will be shuttered, but said that the closures are part of an overall plan to shift its focus from shoring up underperformers to concentrating its efforts on stronger stores.
-
ComScore: Holiday spending continued to rise
RESTON, Va. — Holiday spending continued on an upward trend as spending during the holiday season to date saw a vast increase, compared with the prior year, a new report from ComScore found.
For the first 56 days of the November-December holiday season, spending rose 15% to $35.3 billion. Similarly, spending rose 16% during the week ended Christmas Day (Dec. 25), to $2.8 billion, compared with the corresponding week last year.