Sears

HOFFMAN ESTATES, ILLINOIS (MAY 31, 2018) >> Sears Holdings announced the closure of 63 stores across the nation today, including its Sears locations at the Quaker Bridge Mall in Lawrenceville, New Jersey, and at 2501 Mount Holly Road in Burlington, New Jersey as it continues to streamline its retail operations while focusing on its profitable stores. 

In a posting on its website today (May 31), Sears Holdings announced the closure of 15 Kmart stores and 48 Sears stores nationwide in early September.

Sears Holdings, which initially announced plans to close 72 stores, said "a small group of stores" was pulled from the closing list on May 31 as they are being evaluated further, noting that "this list will be updated as appropriate."

On the initial closing list are two Sears stores in Pennsylvania - South Hills Village and Robinson Center Drive, both in Pittsburgh - and a K-Mart store in Latrobe (Mountain Laurel Plaza).

"As part of our ongoing efforts to streamline the company's operations and focus on our best stores, we have identified approximately 100 non-profitable stores, many of which will begin store closing sales in the near future," said Sears Holdings in a statement posted to its website. "We continue to evaluate our network of stores, which are a critical component in our transformation, and will make further adjustments as needed and as warranted."

The company on Thursday, May 31 informed associates at 15 Kmart stores and 48 Sears stores that it would be closing the stores in early September 2018. It also informed eligible associates impacted by the store closures that they would receive severance and would have the opportunity to apply for open positions at area Kmart or Sears stores.

Customers can use the store locator function on  its web sites to find the location of their nearest Kmart and Sears stores. Liquidation sales will begin as early as June 14 at these closing stores.

comments powered by Disqus