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.
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.
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.