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Sears, Kmart Closing 30 Stores: Here's a List of Most of Them

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By    |   Thursday, 29 December 2016 11:23 AM

Sears and Kmart will be closing 30 more stores in 2017 as the two retailers watch sales and revenue continue to spiral down.

Sears Holdings, which owns both retailers, informed its employees on Tuesday that it will be closing the stores in several states by early 2017, said Business Insider.

Most of the stores will begin liquidation sales on Jan. 6 and are expected to be out of business as early as March.

“We will continue to accelerate the closing of underperforming stores,” said Chief Financial Officer Jason Hollar, according to CNN Money. “We do not intend to borrow money to fund continued operating losses.”

“We have been strategically and aggressively evaluating our store space and productivity, and have accelerated the closing of unprofitable stores as previously announced,” said Howard Riefs, Sears Holdings corporate communications director.

After this round of closures, Sears will have fewer than 1,500 stores left, which is 2,000 less stores less than it had at the start of 2011.

Last quarter, Sear’s sales dipped to $5 billion, a 13 percent drop from the previous quarter, noted The Insider.

The company has lost nearly $750 million this year, almost $300 million more than was lost last year.

Same-store sales also took a hit, as Sears saw a 10 percent decrease and Kmart a 4.4 percent decrease in the most recent quarter.

Following is a list of store closings that have been confirmed by store employees.

Kmart stores closing:

• Jasper Mall, Jasper, Alabama
• 2003 US-280, Phenix City, Alabama
• 3001 Iowa Ave., Riverside, California
• 1801 NW US Hwy 19, Crystal River, Florida
• 501 N. Beneva Road, Sarasota, Florida
• 19400 Cochran Blvd., Port Charlotte, Florida
• 2111 S. Federal Highway, Ft. Pierce, Florida
• 1501 Normandy Village Parkway, Jacksonville, Florida
• 2211 W. Irlo Bronson Memorial Highway, Kissimmee, Florida
• 4955 Golden Gate Parkway, Naples, Florida
• 111 Town and Country Dr., Palatka, Florida
• 2815 West Parrish Ave., Owensboro, Kentucky
• 1501 Paris Pike, Georgetown, Kentucky
• 14662 N. US Highway 25 E, Corbin, Kentucky
• 1710 W. Highway 192, London, Kentucky
• 3010 Fort Campbell Blvd., Hopkinsville, Kentucky
• 2945 Scottsville Road, Bowling Green, Kentucky
• 222 North Point Blvd, Baltimore, Maryland
• 9 Plaza Way, Fairhaven, Massachusetts
• 4645 Commercial Dr., New Hartford, New York
• 250 Three Springs Dr., Weirton, West Virginia
• 731 Beverly Pike, Elkins, West Virginia
• 5132 Sixth Ave., Tacoma, Washington
• 1050 Division St., Parkersburg, West Virginia

Sears stores closing:

• Kentucky Oaks Mall, Paducah, Kentucky
• 1901 S. Yale Ave., Tulsa, Oklahoma
• Town Center Mall, Charleston, West Virginia
• Meadowbrook Mall, Bridgeport, West Virginia
• Walden Galleria, Cheektowaga, New York
• Boulevard Mall, Amherst, New York
• 1 Galleria Dr., Middletown, New York
• Swansea Mall, Swansea, Massachusetts

More closures will be added as additional confirmations trickle in.

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Sears and Kmart will be closing 30 more stores in 2017 as the two retailers watch sales and revenue continue to spiral down.
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2016-23-29
Thursday, 29 December 2016 11:23 AM
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