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Sears and Kmart to Shutter Stores

A number of Sears and Kmart stores across the country are slated to close this spring, according to the retailers’ parent company, even though family budget cutting and lower retail sales appear to be rebounding slightly.

Eight Sears stores and 13 Kmarts across the country will close, according to USA Today, and as a result, about 1,000 jobs will be lost.

On the bright side, before these stores close, shoppers can expect to get deep discounts at store closing sales.

As the Sears stores close, some of the company’s own brands, like Craftsman tools, will be sold at retailers like Ace Hardware, according to the Associated Press.

In addition to store closings previously announced by Sears Holdings (Stock Quote: SHLD), the recent announcement brings the store closing count to 56 in the past year, according to USA Today.  The company currently operates about 3,900 stores in North America.

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