Published: Sun, November 10, 2019
Markets | By Otis Pena

Sears, Kmart locations closing nationwide

Sears, Kmart locations closing nationwide

This location is one of 96 Sears and Kmart stores that will be closing by February, 2020, according to an announcement by Transformco, the company that purchased Sears Holdings Corporation out of bankruptcy.

The merchants that are slated to be shut by February 2020 involve destinations in Arkansas, Arizona, California, Delaware, Florida, Georgia, Iowa, Illinois, Massachusetts, Maryland, Michigan, Missouri, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oregon, Pennsylvania, Puerto Rico, Texas, Virginia, Vermont, Washington point out, Wisconsin, West Virginia and Wyoming.

"We will continue to evaluate our Sears and Kmart footprint, consistent with our overall retail and service strategy", the company's release added.

Going out of business sales will begin December 2, the company announced. When the process ends next year, the company will operate 182 remaining stores.

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Included in the closures are 51 Sears and 45 Kmart stores.

Sears closed its Wyoming Valley Mall store in the summer of 2018, while Kmart stores at Laurel Mall in Hazle Township and in Pittston Township were shut down in the spring of that year.

The financing and additional store closures reflect the continued difficulties Lampert has had in his attempt to return Sears to its glory days, when it was among the largest retailers and owned the tallest building in the world.

Sears said its owners have been "working hard to position. for success by focusing on our competitive strengths and pruning operations that have struggled due to increased competition and other factors". Lampert is chairman of the company. That left Sears faced with the choice of raising additional money or potentially closing even more stores, they said.

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