The company said it will close 13 Kmarts , four Sears stores located in malls and four smaller Sears stores. With the closures, Sears Holdings will have shuttered 56 stores over the past year.
A spokeswoman told the Associated Press the closings “are part of Sears’ normal operations.”
On Tuesday, Sears reported having its most profitable quarter in three years for the quarter ending Jan. 30. Sears Holdings earned $430 million, or $3.74 a share, during its fiscal fourth quarter. That is more than double the profit of $190 million the company earned during the same period last year.
Sears Holdings Set to Shutter 21 More Stores