Sears Slated to Close 78 Stores This Summer

Sears Holdings Corp. says it will close 68 Kmart and 10 Sears stores in a bid to boost profits at the embattled retailer.
0:59 | 04/22/16

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Transcript for Sears Slated to Close 78 Stores This Summer
And now to America's money and American retail icon taking some dressing cost cutting steps. Sears says it will close 68 of its Kmart stores and ten of its Sears stores across 27 states. In addition to fifty other store closings Sears has suffered consistently falling sales and a disappointing holiday sales season. And a sign of the times for another American brand cracker Jack is returning to an old idea for its iconic prizes. Those cheap plastic and paper toys will soon be replaced. The stickers containing digital codes for mobile games now cracker before cracker Jack started offering prizes in 1912. It slipped coupons into its boxes that can be collected and redeemed for items like watches silverware even sewing machines Isa lot of searching. Get a crack at Arafat's of the prize never got to sewing machine now. But you know else's. In the cracker Jack but have no he never got the sewing machine exactly tepid upgrade coupons for a sewing machines could do without a I was and maybe now. I don't see Cracker Jacks to that they do OK anyway.

This transcript has been automatically generated and may not be 100% accurate.

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