Kmart Sears Closing 150 Stores, Selling Craftsman in Attempt to Survive Another 150 stores will be shut down due to the department-store chain heavy loss in its fiscal quar... Jan 05, 2017 04:11 PM EST Sears to close stores, lay off about 5,500 employees Struggling retailer Sears Holdings Corp (SHLD.O) will lay off at least 5,457 employees and close ove... Oct 23, 2014 09:45 AM EDT