Sears Closing More Locations, Including Three In Texas

07 January, 2018, 10:29 | Author: Julian Swanson
  • Sears store at Brookfield Square Mall to close in mid March	 	 	 			Sears Brookfield Square Mall

In total, 39 Sears and 64 Kmart stores will close.

A man walks out of a Sears store on December 27, 2011 in Milford, Connecticut. According to Business Insider, the current round of closings will leave less than 940 Sears stores, compared to 3,510 locations six years ago.

Liquidation sales are expected to begin as early as January 12 at the affected sites. That same release indicated eligible associates impacted by these store closures will receive severance, and will have the opportunity to apply for open positions at area Kmart or Sears stores.

Sears Holdings released a statement with the list that says the closures are part of an ongoing effort to "right size our store footprint in number and size". Sears is based in IL.

Sears had owned the 143,000-square-foot space since 2000. That store is supposed to close this month.

But analysts have been saying it's likely too late.

At time of writing, it appeared that all employees of the Portland location would be affected by the closure, with no announced plans to the contrary. More than 250 stores were shuttered nationwide in 2017.

Most retailers have yet to report full fourth-quarter results, but Macy's said sales at stores open at least a year were up 1 percent in November and December compared with the prior year.

Earlier Thursday, Macy's Inc. announced it was closing 11 stores early this year. "People are changing their style of shopping".

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