It’s official! Sears Holding will close 68 Kmarts and 10 Sears stores in the next few months in the U.S.
The reason? A merchandise study from the owners that proved the existence of several unprofitable stores. It was made based on an exhaustive evaluation concerning rentability of stores, the behavior in the market, account historical and the timing of lease expirations.
Therefore, this responds to a necessity of Sears to take aggressive actions in order to strengthen the company taking into account the people involved in this change process as valuable part of the transformation.
Also, Sears expects to obtain a great gain from the liquidation of store inventory and from the sales of the corresponding real state which will allow them to meet its financial commitments and be capable of taking important improvements as its primary 2016 objective.
Sears improvements
“We’re focusing on our best members, our best categories, and our best stores as we work to accelerate our transformation,” said Edward S. Lampert, Chairman and Chief Executive Officer of Sears
It is important to know that Sears is intended to change the way they serve all kind of customers, attending their necessity and thus increase their sales. All without affecting the quality of their staff and give them the value they deserve. The idea is also evolving with the market and meet their needs more effectively and profitably.
Kmart and Sears stores will start their liquidation sales on May 12 and April 29, respectively. Complete list of the impacted stores is the following:
FORMAT | STREET ADDRESS | CITY | STATE |
Kmart | 5980 Chalkville Mountain | Birmingham | AL |
Kmart | 1101 Beltline Road | Decatur | AL |
Kmart | 230 Green Springs Hwy | Homewood | AL |
Kmart | 450 Z Schillingers Road | Mobile | AL |
Kmart | 300 West Mariposa Road | Nogales | AZ |
Kmart | 2270 East El Monte Way | Dinuba | CA |
Kmart | 520 S Cherokee Lane | Lodi | CA |
Kmart | 1475 Hillman Street | Tulare | CA |
Kmart | 2785 Highway 46 | Wasco | CA |
Kmart | 44 Providence Pike | Putnam | CT |
Kmart | 9600 San Jose Blvd | Jacksonville | FL |
Kmart | 500 Atlantic Blvd | Neptune Beach | FL |
Kmart | 1809 Byron Butler Parkway | Perry | FL |
Kmart | 7050 S Pulaski | Chicago | IL |
Kmart | 2721 N Vermillion Street | Danville | IL |
Kmart | 1150 W Carl Sandburg Dr | Galesburg | IL |
Kmart | 17355 Torrence Ave | Lansing | IL |
Kmart | 2909 Court St | Pekin | IL |
Kmart | 3840 46th Ave | Rock Island | IL |
Kmart | 3216 E Third Street | Bloomington | IN |
Kmart | 3525 Grantline Rd | New Albany | IN |
Kmart | 1320 E 30th Ave | Hutchinson | KS |
Kmart | 1809 N Dixie Hwy | Elizabethtown | KY |
Kmart | 4025 Poplar Level Rd | Louisville | KY |
Kmart | 3911 Taylorsville Rd | Louisville | KY |
Kmart | 1581 US 68 South | Maysville | KY |
Kmart | 344 North Mayo Trail | Paintsville | KY |
Kmart | 2985 Cottingham Expwy | Pineville | LA |
Kmart | 10 Main Street | Tewksbury | MA |
Kmart | 8171 W Houghton Lake Dr | Houghton Lake | MI |
Super K* | 21111 Van Born Rd | Taylor | MI |
Kmart | 11978 St Charles Rock Rd | Bridgeton | MO |
Kmart | 1930 E Kearney Street | Springfield | MO |
Kmart | 118 Highway 72 West | Corinth | MS |
Kmart | 2424 Central Ave | Billings | MT |
Kmart | 804 N Broad Street | Brevard | NC |
Kmart | 3580 East Franklin | Gastonia | NC |
Kmart | 2750 Roberts Avenue | Lumberton | NC |
Kmart | 10500 Centrum Parkway | Pineville | NC |
Kmart | 720 Sutter Creek Blvd | Rocky Mount | NC |
Kmart | 3001 West 12th | Hastings | NE |
Kmart | 838 South Road | Poughkeepsie | NY |
Kmart | 3049 W Ridge Rd | Rochester | NY |
Super K | 3315 N Ridge E | Ashtabula | OH |
Kmart | 1705 North Barron Street | Eaton | OH |
Kmart | 1825 North State Route 19 | Fremont | OH |
Kmart | 2250 Harding Hwy | Lima | OH |
Super K* | 5350 Leavitt Road | Lorain | OH |
Kmart | 625 West Central Avenue | Springboro | OH |
Kmart | 2660 Constitution Blvd | Beaver Falls | PA |
Kmart | 8800 Frankford Ave | Philadelphia | PA |
Kmart | 3000 McIntyre Square Dr | Pittsburgh | PA |
Kmart | 1775 S Braddock Avenue | Pittsburgh | PA |
Kmart | 3045 Fifth Street Hwy | Reading | PA |
Kmart | 99 Matthews Drive | Uniontown | PA |
Kmart | 2209 West Dekalb | Camden | SC |
Kmart | 1000 18th St SW | Huron | SD |
Kmart | 2210 Broadway Avenue | Yankton | SD |
Kmart | 1802 Decatur Pike | Athens | TN |
Kmart | 945 McCammon Ave | Maryville | TN |
Kmart | 902 S Main Street | Sweetwater | TN |
Kmart | 11330 Montwood Dr | El Paso | TX |
Kmart | 1405 East Expressway 83 | Mission | TX |
Kmart | 210 SE Georgia Ave | Sweetwater | TX |
Kmart | 1055 East Draper Pkwy | Draper | UT |
Kmart | 610 West Price River Dr | Price | UT |
Kmart | 1442 W 90th South | West Jordan | UT |
Kmart | 1275 Bell Avenue | Hartford | WI |
Sears | 700 Quintard Dr | Oxford | AL |
Sears | 600 S University Ave | Little Rock | AR |
Sears | 9501 Arlington Expy | Jacksonville | FL |
Sears | 5953 W Park Ave | Houma | LA |
Sears | 6810 Eastman Ave | Midland | MI |
Sears | 200 Medley Centre Parkway | Irondequoit | NY |
Sears | 60 Smithfield Blvd | Plattsburgh | NY |
Sears | 1377 Marion Waldo Rd | Marion | OH |
Sears | 101 Clearview Cir | Butler | PA |
Sears | 2500 W State St | New Castle | PA |
* These stores will close in mid-September. All others will close in late July.
Source: NBC News 2