Full list of Sears and Kmart stores that are closing

Full list of Sears and Kmart stores that are closing

Full list of Sears and Kmart stores that are closing

Sears and Kmart have been losing billions of dollars and closing stores for years.

Sears Holdings announced Thursday that it will close another 103 stores-both Kmart and Sears units-in 2018.

The Anchorage store is located in the Sears Mall on busy Northern Lights Boulevard, a commercial thoroughfare through the state's largest city.

US economy added 2 million jobs in 2017
But these workers often are paid less, receive far fewer benefits like health care and are much more likely to live in poverty. Shortly after the recession, employers and hiring managers could pick and choose employees because unemployment was so high.

Closeout sales will begin next week with all locations shuttered by May. Sears Holdings also owns KMart. Sears wouldn't say how employees will be affected, but did say the majority of the jobs are part-time positions, and eligible associates will receive severance.

In a statement issued on the company's website, Sears Holdings plans to close another 100 stores after shuttering dozens in 2017. The associated Sears Auto Center will close in late January.

Eighty percent of Americans are now shopping online, leaving some brick-and-mortar chains struggling to keep up.

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Sears Canada filed for bankruptcy a year ago, and is in the process of shuttering its business entirely.

The company has been testing out smaller-format stores and shop-in-shop formats recently: "Innovative smaller-format stores continue to showcase our company's unique integrated retail capabilities by combining new technology, our strongest categories, and in-store experts", Rob Riecker, CFO of Sears Holdings, said on a recent conference call.

The company said the closures are part of an ongoing effort to "right size" its store footprint.

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