Sears To Close 100+ More Stores, While Macy’s Announces 5,000 Job Cuts

Store closures will continue to be a running theme in retail throughout 2018, and department stores are already leading the way. In an internal memo, Sears told its employees that it will be closing 103 more stores in 2018 — 64 Kmart stores and 39 Sears stores, all of which are expected to shut between early March and April.

Macy’s is planning 5,000 job cuts in 2018 and will close seven previously unidentified stores that were not part of a batch of 100 store closures first announced in 2016. The Macy’s closures come after…