Sears lost $2.4 billion in the 4th quarter of 2011, but investors liked today’s bold moves to close stores, spin off others, and do some restructuring.
Despite the huge loss, Sears stock soared more than $9 per share today to $61.80. The stock has nearly doubled since the beginning of the year, which strikes me as rather ridiculous. I could obviously be wrong, but I see an unraveling chain, not a chance for investing.
Click here to read more in the Washington Post.
The list of today’s announced closures and the list of previously announced ones can be found here.
Here’s the most recent list of stores — none in Georgia — slated for closure, according to today’s announcement:
Sears Full-Line 160 ALTON SQ
Alton IL
Sears Full-Line 3045 N RIDGE RD E
Ashtabula OH
Grand/Essentials 1900 N RICHMOND RD
Mchenry IL
Kmart 5005 OLENTANGY RIVER RD
Columbus OH
Kmart 6400 RIDGE ROAD
Sykesville MD
Kmart 256 US HWY 206 STE 8
Hillsborough NJ
Kmart 2107 NORTH GARDEN STREET
New Ulm MN
Kmart 300 WEST 7TH STREET
Monticello MN
Kmart 4400 FORT JACKSON BLVD
Columbia SC
Kmart 3639 LAKE EMMA ROAD
Lake Mary FL
Kmart 11000 S CICERO AVE
Oak Lawn IL
Kmart 3355 SHERIDAN RD
Zion IL
Kmart 1608 36TH STREET
Peru IL
Kmart 1901 S UNIVERSITY DRIVE
Davie FL
Kmart 1701 APALACHEE PARKWAY
Tallahassee FL