In Brief
Sears will close handful of KmartsNEW YORK — Sears Holdings is confirming it’s closing a handful of Kmart stores across the country by mid-April as it continues to trim its ailing fleet.Howard Riefs, a spokesman for the Hoffman Estates, Illinois-based parent, which also operates Sears stores, declined to give a number or offer how many people would be affected, but he said the number of store closures is consistent with a year ago.The company operated 952 Kmart stores and 735 Sears stores as of Oct. 31.
Gambling revenue continues to fallATLANTIC CITY, N.J. — Atlantic City has lost more than half of its casino revenue during the past nine years.That news Wednesday came only hours after New Jersey lawmakers introduced a bill that has long been the worst nightmare of the Atlantic City casino industry — a referendum to expand casino gambling to the northern part of the state.Figures show the city’s eight casinos took in $2.56 billion in 2015 — a 6.5 percent decline from 2014.By The Associated Press
