Another 46 Sears and Kmart stores closing in November: Here’s the list

August 24, 2018 in News by RBN Staff

 

Source: Detroit Free Press

With Sears closing stores amid a mountain of debt, the end may be drawing near for the iconic American retailer, and many of us aren’t ready. USA TODAY 

Sears Holdings is closing 46 more Sears or Kmart stores as the struggling retailer seeks stability amid questions about its future.

The department store chain also said it will “continue to evaluate our network of stores” and “make further adjustments as needed,” raising the distinct possibility of additional closures as the company continues reeling.

The latest plan involves closing 13 Kmart locations and 33 Sears stores in November, all of which are losing money. The company has closed several hundred locations in recent years.

Sears, once America’s most famous retailer, continues to fail

Customers shop at Chicago’s last remaining Sears store May 3, 2018 in Chicago. The store, which opened in 1938, is scheduled to close in July. Sears opened its first retail store in Chicago in 1925. SCOTT OLSON/GETTY IMAGES
Fullscreen
  • Customers shop at Chicago's last remaining Sears store1 of 35
  • Signs in the window of a Sears store advertise the
  • On Nov. 3, 2017, it was announced a total of 63 K-Mart
  • Forty-five Kmart stores and 18 Sears stores will be
  • Generations of Americans picked their holiday gifts
  • A shopper walks up to a Sears department store at the
  • A repairman installs a Whirlpool water heater at a
  • Customers shop at a Kmart store on Aug. 24, 2017 in
  • A sign announcing the store will be closing hangs above
  • Customers shop at a Sears store in Woodfield Mall July
  • Shoppers walk into Sears in Peabody, Mass., on May
  • Sears CEO Edward Lampert announcse the merger of Kmart
  • A worker repairs the sign outside the Sears Grand store
  • This is a vintage Sears Roebuck & Co. in Rochester,
  • A crowd gathers for the grand opening of a Sears store
  • Sears, which at the end of its fiscal year had about
  • An early Sears catalog.
  • A "Black Friday" advertisement for Sears is seen on
  • The Sears store at Eaton Centre in Toronto, Canado
  • The Sears at the Chambersburg Mall in Scotland, Pa.
  • The Sears at the Chambersburg Mall in Scotland, Pa.
  • Craftsman tools sold by Sears at this Bethel Park,
  • This is a Sears-Roebuck in Rochester, N.Y.
  • Founded in 1886, Sears was built around its famous
  • This is a Sears-Roebuck in Rochester NY.
  • Women crowd the counters of one of the first Sears
  • Five year old Kathy Diviney receives a sucker after
  • This ad is from a 1908 Sears, Roebuck and Company catalog.
  • Sears is under financial pressure and has warned it
  • A shopper leaves the Kmart store in Burbank, Calif.,
  • A bronze plaque hangs near the entrance of Sears' flagship
  • Craftsman tools are offered for sale at a Sears store
  • Appliances are on display at a Sears store in Berlin,
  • A Sears store is seen in Coral Gables, Florida.
  • Oakland’s Uptown Station, seen in a photo illustration,
Sears, once America’s most famous retailer, continues to fail

Going-out-of-business sales will begin as soon as Aug. 30.

Sears has suffered from declining mall traffic, a failure to generate enough online sales, pension costs and a lack of investment in its stores.

The company had 365 Kmart stores and 506 Sears full-line stores as of May 5, though some were in the midst of closing. Over the previous year, the company closed 379 full-line stores.

The latest round of closures come as Sears is weighing an offer from its CEO and largest shareholder, Eddie Lampert, to acquire its Kenmore household appliances brand for $400 million.

Lampert has described that deal, which he offered through his hedge fund ESL Investments, as “critical” for Sears.

More: Sears CEO Eddie Lampert offers ‘critical’ deal to buy Kenmore brand for $400 million

More: Sears, Kmart stores ailing as CEO Eddie Lampert’s hedge fund gets hundreds of millions

More: 7 things to know about Sears CEO Eddie Lampert

While it’s not clear what he means by that, the retailer is losing cash rapidly, and experts say bankruptcy could be in the company’s future.

“We thank associates affected by these store closures for their many contributions to our company,” Sears said in a statement. “Eligible associates will receive severance and will have the opportunity to apply for open positions at area Kmart or Sears stores.”

Here’s the list of latest closures:

Kmart closures

California

Spring Valley – 935 Sweetwater Road

Clovis – 1075 Shaw Avenue

Antioch – 3625 East 18th Street

Los Angeles – 6310 W 3rd Street

Connecticut

Milford – 589 Bridgeport Avenue

Delaware

Newark – 301 College Square

Illinois

Steger — 3231 Chicago Road

Missouri

Cape Girardeau — 11 South Kings HWY 61

Mississippi

Columbus — 2308 Highway 45 N

New York

Riverhead – 605 Old Country Road

Oregon

Gresham — 440 NW Burnside Road

West Virginia

Scott Depot — 101 Great Teays Blvd

Wyoming

Gillette — 2150 South Douglas HWY

Sears closures

Arizona

Flagstaff — Flagstaff Mall, 4800 N US HWY 89

California

Santa Cruz — Sears Capitola Mall, 4015 Capitola Road

Colorado

Grand Junction — 2424 Highway 6 And 50

Florida

Tampa — 2266 University Square Mall

Doral/Miami –1625 NW 107th Avenue

Naples — Coastland Ctr, 2000 9th Street N

Georgia

Savannah — Oglethorpe Mall, 7810 Abercorn St

Atlanta — 2860 Cumberland Mall

Brunswick — 100 Mall Blvd Ste 300

Illinois

Bloomington — 1631 E Empire Street

Indiana

Fort Wayne — 4201 Coldwater Road

Kentucky

Florence — 3000 Mall Road

Louisiana

Hammond — 1914 Hammond Square Drive

Massachusetts

Holyoke — 50 Holyoke Street

Taunton — Silver City Galleria

Michigan

Jackson — 1250 Jackson Xing I-94

North Carolina

Raleigh/Crabtree — 4601 Glenwood Avenue

New Hampshire

Salem — 77 Rockingham Park Boulevard

Manchester — 1500 South Willow Street

New Jersey

Mays Landing — 4409 Black Horse Pike

New York

Victor — 200 Eastview Mall

Glen Falls — 578 Aviation Road Queensbury

New Hyde Park — 1400 Union Turnpike

Ohio

Dayton — 2700 Miamisburg Centerville Road

Cincinnati/Northgate — 9505 Colerain Avenue

Oregon

Happy Valley/Portland — 11800 SE 82nd Avenue

Texas

Houston/Memorial — 400 Memorial City Way

College Station/Bryan — Post Oak Mall

Utah

West Jordan — 7453 S Plaza Center Drive

Virginia

Fairfax — 12000 Fair Oaks Mall

Washington

Vancouver — 8800 NE Vancouver Mall Drive

Wisconsin

Eau Claire — 4720 Golf Road

La Crosse — 4200 US HWY 16

Contributing: Mike Snider

Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.

Tags: ,

No Comments »