As Department Stores Continue to Close Across America, Lower Income Families Hurt Most
More than one hundred stores owned by Sears will close in 2018, according to CNBC. Sears Holdings announced to its employees on Thursday that 64 Kmart stores and 39 Sears stores would be closed by between early March and April of this year. These newly announced closures add to the over 400 closures that took place in 2017.
A company spokesperson declined to tell Reuters the number of jobs lost, but did say that the majority were part time workers. The spokesperson also said that “eligible workers” will receive severance. In accordance with many local laws across the country, in general only full time positions are eligible for severance.