Sears to close more stores

The downsizing continues at Sears Holding Corp.



The troubled retailer is closing what it described as a “very small percentage” of its overall number of Kmart and Sears stores across the country.



"Every year we evaluate our store portfolio and make changes based on leases or stores with poor performance," company spokesman Howard Riefs said in a Reuters report.



The exact number of stores to be shuttered has not been disclosed. But Reifs also said Kmart would account for the majority of the closures.



During the past 10 years, Kmart has shrunk from 1,426 stores to about 952 (as of October 31, 2015). Sears has seen its store base fall from 866 full-line stores to 735 (also as of October 31).