CHARLES CITY, Iowa (KTTC) — Sears and Kmart parent company Transformco is announcing the closure of 96 retail locations across the country.
In a statement Friday, Transformco explained it recently received approximately $250 million in new capital. It also stated it needs to streamline operations which is why the stores are closing.
Going out of business sales at the stores are expected to begin on Dec. 2. After the closings wrap up in February 2020, Transformco will be operating 182 stores.
No locations in Minnesota are on the list.