



Sears Holdings said it will close 68 Kmart stores and 10 Sears stores in an effort to get back to profitability.

The company said in February it planned to close unprofitable stores.

All of the Sears stores and almost all of the Kmarts will close in late July. Liquidation sales are expected to start in the coming days.

Sears shares rose 5.6 percent in after-hours trading following the news.