More than 100 stores operated by Sears Holdings will be closing in the weeks ahead, according to a report on Thursday by the financial website Seeking Alpha.
According to the report, shuttered stores will include 46 Kmart locations, 30 Sears-branded stores and 31 Sears Auto Centers. More than 5,000 employees are expected to lose their jobs as a result of the closures.
As previously reported by homeworldbusiness.com, a number of Kmart stores in the Midwest were slated for closure in states including Illinois, Indiana, Iowa, Michigan, Oklahoma and Wisconsin.
The Seeking Alpha report noted that states including Pennsylvania, Michigan and Indiana were among the states with the largest store closures of all brands owned by Sears Holdings.
Sears spokesman Howard Riefs told USA Today that the store closure numbers in the Seeking Alpha report were not accurate, but did not offer any figures regarding potential store closings across the company.