Kmart Said to Close 64 More Stores as Sears Division Retrenches

Sears Holdings Corp. will close an additional 64 Kmart stores, according to a person familiar with the matter, a sign the chain is stepping up efforts to shutter underperforming locations.

The stores will be shut down by mid-December, according to the person, who asked not to be identified because the move hasn’t yet been announced. The store closings come in addition to a push earlier this year to eliminate 68 Kmarts and 10 Sears stores. The company had 941 Kmart locations as of January, so the two rounds would winnow the chain by about 14 percent.