Business and the Economy
Kmart and Sears Announce Closings
The Kmart stores in Winchester and Hazard and a Sears hard-lines store in Middlesboro are among those that will be closed, according to a list released Thursday by the struggling Sears Holdings Co., which controls the two retail chains. The announcement includes 79 of the planned 100 to 120 stores that will be shuttered on the heels of a disappointing holiday season. The list, which is not complete, identifies 38 Kmart and 41 Sears stores. In addition to the Winchester store, Kmart operates Central Kentucky stores on Nicholasville Road in Lexington and in Georgetown, Versailles and Frankfort. Sears has a store in Fayette Mall in Lexington. Those stores were not on Thursday's list of closings.