Sears To Shutter 68 Kmart Stores Including Danville

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New York – Illinois based Sears Holdings Corp. says it will close 68 Kmart stores and 10 Sears stores to restore profitability.

The struggling company closed a Sears and Kmart in Decatur in recent years.  There is a remaining Kmart on Pershing Road in Decatur.  That store is not on the closing list.  A Kmart at 2721 N. Vermilion Street in Danville will be closed.  It is located in the Village Mall. 

The company said in February it would accelerate the closing of unprofitable stores.  The move will help Sears generate cash from the liquidation of store inventories and from the sale or sublease of some real estate. 

Sears has been in a long term sales slump unable to compete with rivals like Wal-Mart.

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