Yahoo Finance UPDATE: Kmart and Sears Just Announced They Will Close Another 43 Stores in 2017
Update, July 10, 2017: Sears Holdings just announced the impending closure of even more Kmart and Sears locations, bringing the company's lights-out total to a whopping 236 stores in 2017 - according to CNN. That's about 20% of the brand's brick and mortar locations.
In a recent blog post release, Sears Holdings said that an additional 35 Kmart and eight Sears stores will shut their doors permanently before the end of the year in an effort to "focus on our best stores and return to profitability." Here's a list of the new locations that are on their way out (Floridians, we're so sorry, but it's not looking good):
Stores marked with a single asterisk are scheduled to close in early August; locations marked with a double asterisk will shut their doors in early October.
Sears Holding maintains that the closures serve to fund the "transformation" of the company - they're focusing on smaller "concept stores," where customers can shop from a more curated selection integrated with a membership rewards program. While shoppers will surely be sad to see their local stores go, be on the lookout for liquidation sales starting as early as July 13.
[h/t CNN]
Update, January 5, 2017: Even more stores will be closing, taking the total number to 108 Kmart locations and 42 Sears stores, Consumerist reports. Liquidation sales will start as early as tomorrow, and your best bet is to use a store finder online to locate your closest store, according to a release from Sears Holdings. The release calls the closings a, "difficult but necessary step as we take actions to strengthen the Company's operations and fund its transformation."
Here's a list of the newly announced closings:
Original, December 30, 2016: In September, it was announced that 64 Kmart stores were closing, and now you can add Sears to that list, too. More than 30 Sears and Kmart stores are closing next year, Business Insider reports.
The stores on the list will start liquidating on January 6, and they'll be out of business between late March and mid-April, according to Business Insider. The latest batch of Sears stores closing will bring the total to 200 closures in one year, and by 2017 they'll have cut the number of stores by 60% since 2011. It's an alarming number, and Business Insider says they're shutting down stores to make up for losses from falling sales.
Here's the list of Kmart stores closing:
Alabama
Jasper Mall, Jasper
2003 US-280, Phenix City
California
3001 Iowa Ave., Riverside
Florida
1801 NW US Hwy 19, Crystal River
501 N. Beneva Road, Sarasota
19400 Cochran Blvd., Port Charlotte
2111 S. Federal Highway, Ft. Pierce
1501 Normandy Village Parkway, Jacksonville
2211 W. Irlo Bronson Memorial Highway, Kissimmee
4955 Golden Gate Parkway, Naples
111 Town and Country Dr., Palatka
Kentucky
2815 West Parrish Ave., Owensboro
1501 Paris Pike, Georgetown
14662 N. US Highway 25 E, Corbin
1710 W. Highway 192, London
3010 Fort Campbell Blvd., Hopkinsville
2945 Scottsville Road, Bowling Green
Maryland
222 North Point Blvd, Baltimore
Massachusetts
9 Plaza Way, Fairhaven
New York
4645 Commercial Dr., New Hartford
West Virginia
250 Three Springs Dr., Weirton
731 Beverly Pike, Elkins
1050 Division St., Parkersburg
Washington
5132 Sixth Ave., Tacoma
Here are the Sears stores that are closing:
Kentucky
Kentucky Oaks Mall, Paducah
Oklahoma
1901 S. Yale Ave., Tulsa
West Virginia
Town Center Mall, Charleston
Meadowbrook Mall, Bridgeport
New York
Walden Galleria, Cheektowaga
Boulevard Mall, Amherst
1 Galleria Dr., Middletown
Massachusetts
Swansea Mall, Swansea
You Might Also Like
