Holding company plans closure of Kmarts, Sears
by Mindy Aguon
Guam - Although it's considered one the biggest stores in the chain, it's unclear whether the Kmart store on Guam will be included in plans to close more than 100 Kmart and Sears stores next year. Parent company, Sears Holding Corporation, announced the closure due to declining sales performance and the overall difficult economic environment.
Kmart general Michael Fleissner was unable for comment today. The corporate office only stated that no individual closings have been announced. A listing of store closings is expected to be posted on the website when a final determination is made.
According to its website, Kmart's year-to-date sales were down 1.8%.