The Framingham company says nearly half of its sales are now generated online, so it will aggressively cut costs to become more efficient.
The company didn’t immediately identify what stores are being closed.
Two outlet stores in New Hampshire are among the first 79 Sears and Kmart stores to close after lower-than-expected holiday sales.
Between 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales.
Filene’s Basement is closing four more stores in Massachusetts.
Lowe’s says it will close 20 underperforming stores in 15 states and cut 1,950 jobs in order to focus on more profitable locations.
TJX Cos. says it is shuttering its A.J. Wright discount stores by mid-February, cutting 4,400 jobs and converting some stores to other brands.