Macy's, Sears and Kmart stores closing

Macy's is planning 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for physical retail.

Sears Holdings, parent company of Sears and Kmart stores, told its employees that it will be closing more than 100 additional stores this year. That consists of 64 Kmart stores and 39 Sears stores, all of which are expected to shut between early March and April.