What Economic Recovery? 8 Kmart stores closing down, 174 and counting! 13,920 people lose their jobs!

On 29 June 2012, Sears Holdings released their latest list of store closings, this time they’re all Kmart stores.

Two Kmarts in Florida, and two Kmarts in Georgia will be shut down. The other four Kmarts are located in Iowa, Virginia, Minnesota and Tennessee.

Sears Holdings pointed out that each store employs between 40 and 80 people, so this latest round of closings could result in as many as 640 people losing their jobs.

Since the beginning of 2010 Sears Holdings has closed and/or announced the closing of at least 174 stores (going by Sears Holdings estimations that could be as many as 13,920 people who lost their jobs), and more closings are planned.  The store names are Kmart, Sears, Sears Grand/Essentials, Product Repair and The Great Indoors.