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Sears and Kmart closing 26 more stores
Read full article: Sears and Kmart closing 26 more storesJustin Sullivan/Getty Images(CNN) - More than two dozen Sears and Kmart stores are closing, as the company continues to struggle after emerging from bankruptcy. The parent company of Sears and Kmart, called Transform Co., said Wednesday that it has "faced a number of challenges returning our stores to sustainable levels of productivity. It plans to close five Kmarts and 21 Sears stores across the United States and Puerto Rico. It plans to "accelerate the expansion" of its smaller-formart stores, Sears Home & Life. Following the closures, Sears and Kmart will have about 400 remaining stores.