NEW YORK — Kmart is closing 64 stores by mid-December as the ailing company looks for more ways to generate cash.
The Chicago Tribune reports Kmarts in Chicago’s Gage Park neighborhood, New Lenox, Tinley Park, Joliet, Springfield and Macomb, along with a Merrillville, Ind. are among those closing.
The closures are in addition to the announcement in April by parent Sears Holdings Corp. that it would close 68 Kmart stores this year. At that time, it said it would also close 10 Sears locations.
As of Jan. 30, Kmart operated 941 stores, so Sears will have closed 14 percent of its locations under that banner this year.