More than 100 Sears, Kmart stores to close

by Antonio Miles January 8, 2018, 1:58
More than 100 Sears, Kmart stores to close

Earlier Thursday, Macy's Inc. announced it was closing 11 stores early this year.

She says those new stores could open as quickly as this fall.

In 2006, Sears Holdings operated more than 3,000 locations in the US and Canada, according to CNN.

The Kmart in Salisbury, Maryland, is one of the locations that will also close in early April and so, too, are 10 Kmart sites in Pennsylvania.

Liquidation sales will start next week at the 103 Sears, Kmart and Sears Auto Center stores that the shared parent company plans to close.

Liquidation sales will begin as early as January 12, Sears officials said.

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The Kmart store in Chehalis is on the April closure list. According to Business Insider, the current round of closings will leave less than 940 Sears stores, compared to 3,510 locations six years ago.

The Sears store anchoring Orland Square Mall in Orland Park, as well as stores in Bourbonnais and Marion, and Kmart stores in West Frankfort, Mount Vernon and Rockford are among 64 Kmart and 39 Sears stores nationwide expected to close between early March and April, Sears said Thursday. With its lack of merchandise, Sears failed to distinguish itself from other retailers, she said.

Sears Holdings said in the statement that it would continue assessing the productivity of Kmart and Sears stores and will "right size our store footprint in number and size".

Sears has been selling off some its real estate and brands as it tries to raise cash. "A lot of people do online shopping nowadays".

Sears has seen its sales decline 45 percent since early 2013.


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