Home / Business / Sears shutting these 142 stores in failure filing and murder sale

Sears shutting these 142 stores in failure filing and murder sale

Sears Holdings Corp. will try to spin around a now-bankrupt business with even fewer stores by a finish of a year. The onetime widespread force in sell will tighten 142 unprofitable or underperforming Sears and Kmart stores in a subsequent few months, with murder sales during those locations approaching “in time for holiday shopping,” Sears pronounced in a statement announcing its failure filing. 

The closings are in serve to a formerly announced shutterings of 46 money-losing stores approaching to be finish by subsequent month, a tradesman said. The latest list of closures includes 79 Sears stores and 63 Kmart outlets (Click here to see that stores are set to close, or see during bottom for a finish listing.) 

As Sears Holdings explained in a filing Monday with a failure court: “Of a initial shutting stores, 98 were unprofitable in mercantile year 2017 and 44 constructed prosaic or extrinsic increase in mercantile year 2017 or are trending downwards in 2018 due to internal marketplace and rival factors.”

The association did not immediately lapse requests for serve information, including a series of employees impacted. Fewer than 90,000 people still worked for Sears Holdings progressing this year, down from 350,000 in decades past. 

As for consumers, Sears put a softer spin on a efforts during staying in business: “We announced that we will be conducting shutting sales during a series of stores nearby a finish of a year – in time for holiday shopping,” a association said on a web site. “Other stores will be conducting sales and shutting by Nov 2018.”

The closures would leave roughly 700 Sears and Kmart stores in operation. The series of stores had appearance in 2012 during 4,000, including a Sears Canada multiplication that was after spun off.

The association has racked adult $6.26 billion in losses, incompatible one-time events, given a final annual distinction in 2010, according to Ken Perkins, who heads a investigate organisation Retail Metrics LLC. It’s had 11 years of true annual drops in revenue. In a final mercantile year, it generated $16.7 billion in sales, down from some-more than $50 billion in 2008.

Billionaire sidestep account financier Edward Lampert stays authority of Sears though is relinquishing his purpose as CEO, a duties of that would be common by 3 executives, Sears said.

The failure filing came only before Sears would have had to repay $134 million in loans on Monday. It buys Sears some time, nonetheless a plan of slicing costs by shutting stores — a association has close down some-more than 725 Sears and Kmart stores in a final dual years alone — has not worked so far.

“The problem in Sears’ box is that it is a bad retailer,” pronounced Neil Saunders, handling executive of GlobalData Retail, in a new investigate note. “It has unsuccessful on each facet of retailing from collection to use to sell to simple shopkeeping standards.”

Analysts have predicted the association would face a “liquidity event” for several years, given a deteriorating financial state. Shoppers told a consult organisation in 2016 they preferred selling during Goodwill over Sears.

Which stores are closing

Here are a 142 Sears and Kmart stores targeted for closure, according to a company’s site:

Kmart 

Arkansas

  • 2821 East Main St Russellville, AR 72801-9801

California

  • 215 W Hanford/Armona Rd Lemoore, CA 93245-2302
  • 1351 E Hatch Rd Modesto, CA 95351-5010
  • 375 E Alessandro Blvd Riverside, CA 92508-2463
  • 3247 W Noble Ave Visalia, CA 93277-1841
  • 912 County Line Rd Delano, CA 93215-3823
  • 2530 S Euclid Ave Ontario, CA 91762-6619
  • 3968-A Missouri Flat Road Placerville, CA 95667-5240


Florida

  • 900 N W 76 Boulevard Gainesville, FL 32606-6747
  • 12350 Sw 8Th Street Miami, FL 33184-1510 (Goodwill)


Georgia

  • 400 Crosstown Road Peachtree City, GA 30269-2915
  • 6239 Turner Lake Road Covington, GA 30014-2064


Illinois

  • 3701 Broadway St Quincy, IL 62301-3721 (Ruby Tuesday)
  • 4210 N Harlem Ave Norridge, IL 60706-1277
  • 5000 23Rd Ave Moline, IL 61265-4599


Indiana

  • 430 W Ridge Rd Griffith, IN 46319-1095 (El Centro Mall)
  • 723 3rd Ave Jasper, IN 47546-3639


Iowa

  • 2803 E Kanesville Blvd Council Bluffs, IA 51503-1004
  • 1111 N 2nd Cherokee, IA 51012-1287
  • 2307 Superior Webster City, IA 50595-3165


Kansas

  • 400 South Broadway Salina, KS 67401-4005
  • 7836 State Ave Kansas City, KS 66112-2417


Kentucky

  • 600 C W Stevens Blvd Grayson, KY 41143-1190
  • Northridge S/C Us Hwy 127 Russell Springs, KY 42642-4559


Louisiana

  • 7000 Veterans Memorial Metairie, LA 70003-4497


Maine

  • 417 Main Street Madawaska, ME 04756-1197


Maryland

  • 835 Solomons Island Rd N Prince Frederick, MD 20678-391
  • 6163 Oxon Hill Road Oxon Hill, MD 20745-3108


Michigan

  • 06600 M-66 North Charlevoix, MI 49720-9505
  • 1025 M-24 Lake Orion, MI 48360-1429


Missouri

  • 2901-5 N Belt Hwy St. Joseph, MO 64506-2006
  • 7100 NW Prairie View Rd Kansas City, MO 64151-1630 (Zeller Auto Repair)
  • 1 Flower Valley Shp Ctr Florissant, MO 63033-1644


New Jersey

  • 779 Delsea Dr N Glassboro, NJ 08028-1435


New York

  • 987 Route 6 Mahopac, NY 10541-1709
  • 8363 Lewiston Road Batavia, NY 14020-1236
  • 2590 Military Rd Niagara Falls, NY 14304-1506
  • 349 Orchard Park Rd West Seneca, NY 14224-2634
  • 93 West Campbell Rd Schenectady, NY 12306-6800


North Carolina

  • 1530 East Broad Street Statesville, NC 28625-4302
  • 4500 Western Blvd Raleigh, NC 27606-1814 (Choice Auto Repair)
  • 1001 Patton Ave Asheville, NC 28806-3643


Ohio

  • 15891 State Rt 170 East Liverpool, OH 43920-9633
  • 17840 Bagley Rd Middleburg Heights, OH 44130-3401


Oregon

  • 3955 S W Murray Blvd Beaverton, OR 97005-2316 (Glowing Greens LLC)


Pennsylvania

  • 720 Clairton Blvd/Rte 51 Pleasant Hills, PA 15236-4517
  • 528 W Plank Road Altoona, PA 16602-2802
  • 1502 South Fourth St Allentown, PA 18103-4949 (Floreff LLC Nathan Alison LLC)
  • 1000 Nutt Rd Phoenixville, PA 19460-2200
  • 1170 Mae Street Hummelstown, PA 17036-9185
  • 100 Tarentum Rd New Kensington, PA 15068-4670
  • 1180 Walnut Bottom Rd Carlisle, PA 17013-9160
  • 3205 Lincoln Hwy Thorndale, PA 19372-1012
  • 111 Hulst Dr, Ste 722 Matamoras, PA 18336-2115


South Carolina

  • 129 West Butler Avenue Mauldin, SC 29662-2534 (Mauldin during Butler LLC)
  • 2302 Cherry Rd Rock Hill, SC 29732-2165


Tennessee

  • 6909 Maynardville Pike Ne Knoxville, TN 37918-5325


Virginia

  • 6364 Springfield Plaza Springfield, VA 22150-3431
  • 118 Waller Mill Rd Williamsburg, VA 23185-2946 (New Oriental Crafts LLC)
  • 2712 W Main St Waynesboro, VA 22980-1618


Washington

  • 1001 E Sunset Drive Bellingham, WA 98226-3510


West Virginia

  • 1701 4Th Ave W Charleston, WV 25387-2415


Wyoming

  • 4000 East 2nd Street Casper, WY 82609-2385

Sears 

Alabama

  • 1001 Rainbow Dr Gadsden, AL 35901-5376

Arizona

  • 2250 El Mercado Loop Sierra Vista, AZ 85635-5204
  • 3150 S 4Th Ave Yuma, AZ 85364-8104
  • 6515 E Southern Ave Mesa/East, AZ 85206-3711
  • 7611 W Thomas Rd Phoenix-Desert Sky, AZ 85033-5433
  • 3177 Chandler Village Dr Chandler, AZ 85226


California

  • 1700 Stoneridge Dr Pleasanton, CA 94588 (Lands’ End)
  • 100 Santa Rosa Plz Santa Rosa, CA 95401-6381 (Lands’ End)
  • 3333 Bristol St Costa Mesa, CA 92626-1811 (Lands’ End)
  • 1011 W Olive Ave Merced, CA 95348-2422
  • 5901 Florin Rd Florin, CA 95823-2302
  • 3751 S Dogwood Ave El Centro, CA 92243
  • 100 Vintage Faire Mall Modesto, CA 95356-0559
  • 100 Los Cerritos Mall Cerritos, CA 90703-5421
  • 1401 N Montebello Blvd Montebello, CA 90640-2584
  • 3001 Ming Ave Bakersfield, CA 93304-4145


Colorado

10785 W Colfax Ave Lakewood, CO 80215-3807
7001 S University Blvd Centennial, CO 80122-1599 (Lands’ End)


Connecticut

  • 1201 Boston Post Rd Sp 2095 Milford, CT 06460- (Lands’ End)
  • 850 Hartford Tnpk Waterford, CT 06385- (Lands’ End Inc.)


Florida

  • 733 N Highway 231 Panama City, FL 32405-5302
  • 300 Mary Esther Blvd Mry Est/Ft Wltn Bch, FL 32569-1693
  • 1050 S Babcock St Melbourne, FL 32901-3022
  • 3800 Us Highway 98 N Ste 500 Lakeland, FL 33809-3824
  • 303 Us Hwy 301 Blvd W Bradenton, FL 34205-7991
  • 3100 Sw College Rd Ste 300 Ocala, FL 34474-8449


Idaho

  • 460 N Milwaukee St Boise, ID 83704-9122


Illinois

  • 3340 Mall Loop Dr Joliet, IL 60431-1057


Indiana

  • 1251 Us Highway 31 N Greenwood, IN 46142-4503
  • 6780 W Washington St Indianapolis, IN 46241-2999
  • 3401 S Us Highway 41 Terre Haute, IN 47802-4154


Kentucky

  • 4807 Outer Loop Louisville-Okolona, KY 40219-3200
  • 2625 Scottsville Rd Bowling Green, KY 42104-4477


Maryland

  • 15700 Emerald Way Bowie, MD 20716-2200
  • 400 N Center St Westminster, MD 21157-5140
  • 10300 Little Patuxent Pkwy Columbia, MD 21044-3341 (Lands’ End)


Massachusetts

  • 1235 Worcester Rd Natick, MA 01760 (Lands’ End)


Michigan

  • 900 Briarwood Cir Ann Arbor, MI 48108-1618 (Lands’ End)
  • 2100 Southfield Rd Lincoln Park, MI 48146-2250


Minnesota

  • 425 Rice St St Paul, MN 55103-2123
  • 12431 Wayzata Blvd Minnetonka, MN 55305-1925 (Lands’ End)


Nevada

  • 1245 W Warm Springs Rd Henderson, NV 89014-8740


New Hampshire

  • 50 Fox Run Rd Ste 74 Portsmouth, NH 03801-2858 (Lands’ End)


New Jersey

  • 1500 Highway 35 Middletown, NJ 07748-1831 (Lands’ End)
  • 1750 Deptford Center Rd Deptford, NJ 08096-5282 (Lands’ End)


New Mexico

  • 6600 Menaul Blvd Ne Ste 700 Coronado, NM 87110-3447


New York

  • 75 W Route 59 Ste 100 Nanuet, NY 10954-2701 (Lands’ End)
  • 1111 Franklin Ave Garden City, NY 11530-1617  (Lands’ End)
  • 600 Lee Blvd Yorktown Hts, NY 10598-1142
  • Rt 394 Hunt Blvd Lakewood, NY 14750


North Carolina

  • 703 N Berkeley Blvd Goldsboro, NC 27534-3444
  • 400 Cross Creek Mall Fayetteville, NC 28303-7244
  • 11033 Carolina Place Pkwy Pineville, NC 28134-8370 (Lands’ End)


Ohio

  • 5320 Youngstown Rd Niles, OH 44446


Oklahoma

  • 6929 S Memorial Dr Tulsa Woodland Hls, OK 74133-2035
  • 9800 Sw Washington Square Rd Washington Sq, OR 97223-4455 (Lands’ End)
  • 3201 W Main St Norman, OK 73072-4847


Oregon

  • 827 Lancaster Dr Ne Salem (Lancaster), OR 97301-2929


Pennsylvania

  • 880 Butler Street Pittsburgh, PA 15223-1319
  • 5522 Shaffer Rd Ste 129 Dubois, PA 15801-3304
  • 100 Neshaminy Mall Bensalem/ Crnwls Hts, PA 19020-1607
  • 2300 E Lincoln Hwy Langhrn /Oxford Vly, PA 19047-1824 (Lands’ End)


Tennessee

  • 7600H Kingston Pike West Town, TN 37919-5604 (Lands’ End)
  • 2800 N Germantown Prkway Cordova, TN 38133 (Lands’ End)
  • 2801 Wilma Rudolph Blvd Clarksville, TN 37040-5011
  • 2100 Hamilton Place Blvd Chattanooga, TN 37421-6006


Texas

7508 N Navarro St Victoria, TX 77904-2654
2901 S Capitol Of Texas Hwy Austin/Barton Creek, TX 78746-8101
3450 W Camp Wisdom Rd Southwest Ctr, TX 75237-2504
2501 Irving Mall Irving, TX 75062-5161
6301 Nw Loop 410 Ingram, TX 78238-3824
1000 E 41st Austin, TX 78751-4859
6002 Slide Rd Lubbock, TX 79414-8555
2002 S Expy 83 Harlingen, TX 78552
2605 Preston Rd Frisco, TX 75034-9434


Virginia

  • 100 Newmarket Fair Mall Hampton, VA 23605-1406


Washington

  • 3500 S Meridian Ste 900 Puyallup, WA 98373-3722


West Virginia

  • 9520 Mall Rd Westover/Morgantown, WV 26501-8524


Wyoming

  • 701 Se Wyoming Blvd Casper, WY 82609-4213

Article source: https://www.cbsnews.com/news/sears-closing-another-142-stores-bankruptcy-filing-liquidation-sales-coming-holiday-shopping/

InterNations.org

Leave a Reply

Your email address will not be published. Required fields are marked *

*

*