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Sears /Kmart Closing?

 

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Sears Holdings (SHLD) is turning to its billionaire CEO Edward Lampert for a financial lifeline for as much as $500 million. This cash-strapped retailer is preparing to close 30 more stores and unloads assets to conserve cash amid growing doubts about its viability.

Sears has lost more than $9 billion over the past eight years, and critics say few signs show the company is making up lost ground.  Sears has argued that its critics underestimate its resiliency and that it has sufficient financial resources to meet its obligations.

Most of the stores will start liquidation sales on Jan. 5 and will go out of business in March and April. Once the current closures are done, Sears will have less than 1,500 physical stores, down from more than 3,500 in 2010. The chain has scaled back unprofitable product lines such as consumer electronics and the pharmacy business that operates in most of its Kmart stores.

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

Kmart

  • 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

 

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