Sears, Kmart stores are doing a slow fade
A look at what’s left of the Sears portfolio shows that the troubled retailer’s store footprint is doing a disappearing act.
According to a report by Forbes, there are a total of 161 Sears and Kmart stores left in the Transformco portfolio (Transformco is the privately held company run by Eddie Lampert that bought the remnants of Sears Holdings, including 400-plus stores, out of bankruptcy court last year).
Sears Hometown and Outlet Stores, which Transformco also owns, is also shrinking, the report said, with 168 fewer Hometown stores now than there were at the time of the acquisition last fall.
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