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Thursday, December 29, 2016

Sears And Kmart Closing 28 Stores And Counting.

     Sears Holdings is at it again with no surprise to close more stores in spring 2017 with a list of 28 stores released the other day. This will be the third list of closures this year, although these stores will begin liquidation the first week of January, and close around late-March/ early-April. There is trend now with Sears that a list is announced of stores that will close, and when those store are closed, another list is announced. 

     This past April, Sears announced 78 stores that all closed around August. Again, in September, Sears released a list of 64 stores that all closed in mid-December. As New Year's approaches, Sears announced nearly 30 stores will close this spring, and individual store closures are surfacing in the news daily, the list has increased the past two days to 33 stores.

     Here is the latest list provided by Business Insider:

Kmart stores closing:
  • 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
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
  • Swansea Mall, Swansea, Massachusetts
     Of this list, a small percentage of stores are Sears, but primarily Kmart. Of that, a large percentage of Kmart's closing this round are in Florida and Kentucky. This doesn't look like the new year is going to start off right for Sears. The same reasoning is always used, closing stores to alleviate debt and level cost structure. Edward Lambert continues to drag the chains out as long as he can to sell as much property he can through Preit and attempt to sell long time brands Diehard and Craftsman to potential buyers.

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