Sears is shuttering dozens of stores. Here’s a list of the closings.
One of the stores includes the Sears at the Hamilton Mall in Mays Landing, N.J.
Sears Holding Corp., announced it will shutter 33 Sears and 13 Kmart stores in November, after the retailer has already shuttered hundreds of stores in recent years.
This latest round of closures, following announcements of 63 store closings in May and more than 100 in January, are part of the company's "ongoing efforts to streamline Sears Holdings' operations, strengthen our capital position and focus on our best stores," according to the news release. "We continue to evaluate our network of stores, which is a critical component to our integrated retail transformation, and will make further adjustments as needed."
The retailer operated 894 stores, as of May 5, 2018, through Kmart and Sears, according to the company's most recent quarterly filing. This is a dramatic drop from the company's presence six years ago, with 2,019 full-line and 54 specialty retail stores in the United States and 475 stores in Canada operating through Sears Canada Inc, according to 2012's annual filing.
Greg Melich, a retail analyst at MoffettNathanson expects the company's store counts to keep falling and predicts the company will file "for some form of bankruptcy in the next 12 months."
"It's part of an ongoing multiyear trend," Melich said, referring to the store closings. "It does take a retailer a long time to die."
The once-dominant retailer has been taking steps in recent years to strengthen its balance sheet, including the sale of its Craftsman tool brand last year to Stanley Black & Decker Inc. and an agreement to sell Kenmore and DieHard products through Amazon.com Inc. For years, Chief Executive Officer Edward Lampert has used his own money to keep Sears afloat amid declines in store traffic and sales. The company has already shaved more than $1 billion from annual expenses.
Lampert's hedge fund, ESL Investments Inc., said in April it would be open to buying some of the company's assets and urged the department store to put the businesses on the block. ESL submitted a bid for the store's Kenmore and Sears Home Improvement businesses at a valuation of around $470 million, according to a regulatory filing last week.
One of the recent store closings includes the Sears at the Hamilton Mall in Mays Landing, N.J. A full list of open stores can be found here.
Below is a list of stores that will close in November 2018. The Sears Auto Centers at some of the below locations will close in late August (*), September(**) or October(***).
Kmart: 935 Sweetwater Road Spring Valley CA
Kmart: 1075 Shaw Avenue Clovis CA
Kmart: 3625 East 18th Street Antioch CA
Kmart: 6310 W 3rd Street Los Angeles CA
Kmart: 589 Bridgeport Avenue Milford CT
Kmart: 301 College Square Newark DE
Kmart: 3231 Chicago Road Steger IL
Kmart: 11 South Kings HWY 61 Cape Girardeau MO
Kmart: 2308 Highway 45 N Columbus MS
Kmart: 605 Old Country Road Riverhead NY
Kmart: 440 NW Burnside Road Gresham OR
Kmart: 101 Great Teays Blvd Scott Depot WV
Kmart: 2150 South Douglas HWY Gillette WY
Sears:* Flagstaff Mall, 4800 N US HWY 89 Flagstaff AZ
Sears: Capitola Mall, 4015 Capitola Road Santa Cruz CA
Sears:*** 2424 Highway 6 And 50 Grand Junction CO
Sears: 2266 University Square Mall Tampa FL
Sears:*** 1625 NW 107th Avenue Doral / Miami FL
Sears:* Coastland Ctr, 2000 9th Street N Naples FL
Sears:* Oglethorpe Mall, 7810 Abercorn St Savannah GA
Sears:*** 2860 Cumberland Mall Atlanta GA
Sears:*** 100 Mall Blvd Ste 300 Brunswick GA
Sears:* 1631 E Empire Street Bloomington IL
Sears:** 4201 Coldwater Road Fort Wayne IN
Sears: 3000 Mall Road Florence KY
Sears:*** 1914 Hammond Square Drive Hammond LA
Sears:** 50 Holyoke Street Holyoke MA
Sears:* Silver City Galleria Taunton MA
Sears:*** 1250 Jackson Xing I-94 Jackson MI
Sears:** 4601 Glenwood Avenue Raleigh NC
Sears:** 77 Rockingham Park Boulevard Salem NH
Sears:** 1500 South Willow Street Manchester NH
Sears:*** 4409 Black Horse Pike Mays Landing NJ
Sears:** 200 Eastview Mall Victor NY
Sears:** 578 Aviation Road Queensbury / Glen Falls NY
Sears: 1400 Union Turnpike New Hyde Park NY
Sears: 2700 Miamisburg Centerville Road Dayton OH
Sears:** 9505 Colerain Avenue Cincinnati OH
Sears:*** 11800 SE 82nd Avenue Happy Valley / Portland OR
Sears:*** 400 Memorial City Way Houston TX
Sears:** Post Oak Mall College Station TX
Sears: 7453 S Plaza Center Drive West Jordan UT
Sears: 12000 Fair Oaks Mall Fairfax VA
Sears:*** 8800 NE Vancouver Mall Drive Vancouver WA
Sears:*** 4720 Golf Road Eau Claire WI
Sears: Valley View Mall, 4200 US HWY 16 La Crosse WI
Bloomberg News contributed to this report.