News Sears, Kmart to close one-third of stores: 96 locations closing, $250M in financing landed November 7, 2019 Nathan Bomey and Kelly Tyko, USA TODAY Comments Off on Sears, Kmart to close one-third of stores: 96 locations closing, $250M in financing landed The company that owns Sears and Kmart plans to close more than one-third of its remaining large-format stores as the chains continue contracting.