A total of 63 Sears and Kmart stores will close by late Jan. 2018, according to a statement published Thursday by Sears Holdings.
"Sears Holdings continues its strategic assessment of the productivity of our Kmart and Sears store base and will continue to right size our store footprint in number and size," the statement read. "We will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members.
The statement says that eligible employees working at these stores will receive severance and be given the opportunity to apply for open positions at nearby Kmart or Sears stores.
Liquidation sales will begin Nov. 9 at closing stores.
