Sears Holding Corp. says it will close a handful of Kmart stores across the country by mid-April as it evaluates its fleet.
The Hoffman Estates, Illinois-based parent, which also operates Sears stores, declined to give a number or locations. According to the company website, there are 10 Kmart stores in Louisiana. Area stores include two in Metairie, and locations in Gonzales, New Orleans, Mandeville, Houma and New Iberia.
In a statement, company spokesman Howard Riefs described the closures as a “small percentage” of its overall store base. As of the end of its fiscal third quarter, Sears operated 952 Kmart stores and 735 Sears stores.
The move comes a month after Sears reported that its third-quarter loss narrowed as it reduced expenses but sales continue to decline at the two ailing chains.