Now Sears and Kmart are closing stores in MN

First Macy's and The Limited, now Sears and Kmart.
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Retailers are announcing major closures a lot lately, and it looks like the retail plague has spread.

Thursday, Sears announced it'll be closing dozens of Sears and Kmart stores, which are owned by the same company.

Altogether, 108 Kmart stores and 42 Sears stores will close in the U.S. by the end of March.

Three of those stores – two Sears and one Kmart – are in Minnesota.

The Kmart that's closing is in Detroit Lakes. And the Sears stores are in Mankato and Coon Rapids. Both those Sears stores also have Auto Centers that will close along with them.

That leaves six Kmarts and more than 30 Sears stores left in Minnesota.

Why are they closing?

"Many of these stores have struggled with their financial performance for years and we have kept them open to maintain local jobs and in the hopes that they would turn around," Sears Holdings CEO Edward S. Lampert said in a statement. But the stores never did as well as he hoped.

Lampert says these closures will give their better performing stores a "chance at success."

The plague of store closures

This comes amidst other recent announcements of stores closing.

The Limited announced last week that the clothing retailer will close all Twin Cities locations by Saturday. And Wednesday, Macy's confirmed its Minneapolis store will close this year.

Both retailers are closing a bunch of other stores across the U.S., too.

Bloomberg previously reported many brick and mortar stores are struggling since people are spending more money on experiences – like going out somewhere. More people are also shopping online.

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