142 More Sears & Kmart Locations Will Be Closing For Bankruptcy
Updated Post: October 16, 2018 at 5:45 p.m. EST
As part of Sears Holdings' Chapter 11 bankruptcy filing, the company plans to close another 142 stores that are not turning profits, USA Today reports.
While Sears chairman Eddie Lampert has released a statement assuring customers that the remaining 687 Sears and Kmart stores will be open during the holiday season, it is possible those stores will eventually close as well "if the company fails to reach a viable restructuring agreement in bankruptcy."
For the full list of upcoming store closings for both Sears and Kmart, click here.
Original Post: May 31, 2018 at 12:30 p.m. EST
These stores are part of 100 locations the company has identified as "low performers." Originally, the company announced 72 stores would close, but changed that number hours later as certain stores "are being evaluated further."
These are just the latest in a list of upcoming locations set to close, Money magazine reports. Two weeks ago, they announced they’d be closing 40 stores in 24 states, and before that, they said 166 stores would be closing in 2018. So at this point, 266 stores could be set to close this year.
The closings come as the company deals with sluggish sales. Overall revenue fell 31% in the last three months, though most of that was because of closed stores, but even still, sales slumped by 12% in the stores that stayed open.
The Wall Street Journal reported that Sears is considering selling off its Kenmore appliance brand, as well as other units of its business. Last year, it sold the Craftsman brand to Stanley Black & Decker.
Eligible employees affected by store closings will receive severance and have the chance to apply for open jobs at other Kmart or Sears stores in the area. Liquidation sales will begin as early as June 14. Here's the full list of Sears and Kmart stores that will be closing.
Kmart:
910 North China Lake Blvd, Ridgecrest, California
9881 W 58Th Avenue, Arvada, Colorado
5400 E Busch Blvd, Tampa, Florida
4303 Nawiliwili Road, Lihue, Hawaii
2535 Hubbell Avenue, Des Moines, Iowa
5909 E State Street, Rockford, Illinois
4070 Ryan Street, Lake Charles, Louisiana
215 North Central Avenue, Duluth, Minnesota
24 34 Barbour Avenue, Passaic/Clifton, New Jersey
2100 Carlisle Avenue, Albuquerque, New Mexico
1000 Montauk Highway, West Babylon, New York
25301 Rockaway Blvd, Rosedale, New York
12350 N E Sandy Blvd, Portland, Oregon
1072 Mountain Laurel Plaza, Latrobe, Pennsylvania
5000 San Dario, Laredo, Texas
Sears
10001 N Metro Parkway West, Phoenix, Arizona
100 S Puente Hills Mall, City Industry, California
7902 Citrus Park Town Center, Tampa, Florida
320 Towne Center Circle, Sanford, Florida
2201 Henderson Mill Road N.E., Atlanta, Georgia
1300 Southlake Mall, Morrow, Georgia
2100 Pleasant Hill Road, Duluth, Georgia
320 W Kimberly Road, Davenport, Iowa
#2 Hawthorn Center, Vernon Hills, Illinois
#2 Fox Valley Center, Aurora, Illinois
6136 W Grand Avenue, Gurnee, Illinois
104 West White Oaks Mall, Springfield, Illinois
2415 Sagamore Pkwy S, Lafayette, Indiana
40 Muncie Mall, Muncie, Indiana
6020 E 82nd Street, Indianapolis, Indiana
1781 Sw Wanamaker Road, Topeka, Kansas
Alexandria Mall, Alexandria, Louisiana
Hwys 114 & 128, Peabody, Massachusetts
Eastfield Mall, Springfield, Massachusetts
3191 S Linden Road, Flint, Michigan
18900 Michigan Avenue, Dearborn, Michigan
14100 Lakeside Circle, Sterling Heights, Michigan
1212 S Airport Road W, Traverse City, Michigan
Shingle Creek Crossing, Brooklyn Ctr, Minnesota
Miller Hill Mall, Duluth, Minnesota
250 S County Center Way, St. Louis, Missouri
#1 Chesterfield Mall, Chesterfield, Missouri
1000 Turtle Creek Drive, Hattiesburg, Mississippi
1515 Grand Avenue, Billings, Montana
2800 S Columbia Road, Grand Forks, North Dakota
300 Quaker Bridge Mall, Lawrenceville, New Jersey
2341 Rt 66, Ocean, New Jersey
2501 Mt Holly Road, Burlington, New Jersey
10000 Coors Bypass N.W., Albuquerque, New Mexico
3649 Erie Blvd E, De Witt/Syracuse, New York
2400 Elida Road, Lima, Ohio
17271 Southpark Center, Strongsville, Ohio
300 S Hills Village, Pittsburgh/South Hills, Pennsylvania
1000 Robinson Center Drive, Pittsburgh, Pennsylvania
205 W Blackstock Road, Spartanburg, South Carolina
3101 N Main Street, Anderson, South Carolina
3400 Empire Mall, Sioux Falls, South Dakota
2931 Knoxville Center Drive, Knoxville, Tennessee
2401 S Stemmons Freeway, Lewisville, Texas
1800 Green Oaks Road, Fort Worth, Texas
11200 Lakeline Mall Drive, Cedar Park, Texas
Golden Triangle Mall, Denton, Texas
4502 S Steele Street, Tacoma, Washington
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