Sears (SHLD) said on Thursday that it would close 109 Kmart stores and 41 of its namesake Sears outlets. The announcement came on the same day that Sears disclosed plans to sell its iconic Craftsman tool brand to Stanley Black & Decker (SWK).
The company did not say how many workers would be affected by the store closures.
But a spokesperson said that most of them were part-time workers and that “we are committed to treating these associates with respect and compassion during this process.”
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