The Texas-based company reported a same-store sales decline of 13.7 percent and a net sales decrease of 19.5 percent to $412.5 million in its fourth quarter of fiscal 2019.
Companies have announced 5,994 store closures through this month against just 2,641 store openings.
The restaurant chain has 97 franchisee-owned restaurants and 77 corporate-owned restaurants still in operation.
Signet Jewelers also closed 262 stores in fiscal 2019 as part of a strategy that includes an increased focus on e-commerce.
Some of the United States’ most prominent retailers are shuttering stores in recent months amid sagging sales in the troubled sector.
Three Sears 'Home & Life' locations are set to debut in Alaska, Kansas and Louisiana.
The company is facing an effort by activist investors to remove the entire board of directors.
The rise in direct-to-consumer home decor companies is adding extra pressure.
It’s the second national Christian bookstore chain to close in the last two years.
The company, which is more than a half century old, said it was unable to find a buyer for its retail business.
Dollar General, Aldi, Ulta and Walmart are among the retailers who are thriving despite a slew of store closures.
The firm will now be called Hill Street Properties after previously operating as Toys R Us Property Co., or PropCo.
From icons JCPenney and Gap to discount chain Family Dollar: It’s been a brutal time for the retail industry.
In a suit filed in Manhattan federal court, Stanley Black & Decker alleges that Sears breached a limited licensing agreement to sell Craftsman-brand products.
The retailer plans to close as many as 40 stores this year.
The discount chain said the Family Dollar brand is dragging down its performance.
The shoe retailer also plans to spend millions to upgrade its remaining locations.
The retail apocalypse is far from over.
Target said the new lines will be affordable and size-inclusive, with bras selling for $22 or less.
Amazon is driving some companies out of business, but others are thriving.