Sears Holds Two-Day Black Friday Spring Event, After Store Closure News

Looking to invoke consumers’ holiday season shopping spirit, Sears stores held a “Spring It On Black Friday” event Friday and Saturday for Shop Your Way program customers, just as Sears Holdings announced the closing of 68 Kmart and 10 Sears stores this summer. The company said in February it would accelerate the closing of unprofitable stores, and the latest announcement follows an evaluation of stores’ recent and historical performance and the timing of lease expirations, it said. All of the Sears stores and nearly all of the Kmart stores will close in late July, with two Kmart stores closing mid-September, it said. Affected Sears stores will begin liquidation sales April 29, and Kmart store sales will kick in May 12, it said. "Sears Holdings will continue to transform as the role of the store evolves to fit the way that members want to shop,” said CEO Edward Lampert, citing store initiatives Meet with an Expert, In-Vehicle Pickup and Return and Exchange in Five. Among the laptop deals as part of the two-day sale: a 14-inch HP Elite 8460 with 4 GB memory and a 250 GB hard drive for $189, down from $299.