Sears ( SHLDQ) has been quietly closing stores with many more locations expected to shut their doors through early 2020 . More than 100 Sears and Kmart stores will close over the next few months, many of which the location has not been revealed by the retailer. Sears filed for bankruptcy in October 2018.
You could be asking “Sears will close all stores?”
Sears is in risk of closing all stores for good. Sears, in bankruptcy, faces a December 28 deadline with the courts for bids on purchasing its assets. But already the company is closing an additional 80 stores, according to a report today .
Sears (NASDAQ: SHLD) is planning to close down an additional 29 Sears stores in early 2019. The following is a list of those stores. In late December, Sears announced another 43 stores would be closing in early 2019.
An answer is that As competition intensified and sales dropped, Sears decided to focus on its retail business. In 1992, it divested its financial service divisions and ended its catalogue business. It even sold off its iconic Sears Tower headquarters building. After the Chicago Ridge store closes, only one location will remain in Chicagoland.
Is will Sears closing in 2021?
Will close in spring 2021 . Sears opened its Chicago Ridge Mall store, on the outskirts of the Windy City, in 1981. In addition to a 25-bay auto center, photo studio, and optical department, Chicago Ridge offered a new Sears Financial Center.
Is the Sears in Pasadena TX closing?
SB360 Capital Partners is managing the store closing sales, according to the liquidation firm’s website, which includes a list of 33 stores. Some stores on the list are already closed including the Sears in Pasadena, Texas. A few stores announced their upcoming demise on their Facebook pages.
Late Friday night, Transformco, Sears’ parent company, quietly posted new “temporary store closing” employment positions at five of its namesake stores. It won’t be long before Sears will run out of more locations to close.
How many Sears and Kmart stores are closing?
More than 100 Sears and Kmart stores will close over the next few months, many of which the location has not been revealed by the retailer. Sears filed for bankruptcy in October 2018.
See the full list of the 40 stores shuttering in 2020 Macy’s store closings: Macy’s to close 125 stores over next 3 years and slashing 2,000 jobs Sears and Kmart have closed more than 3,500 stores and cut about 250,000 jobs in the past 15 years.
Later that year, in November, a statement from Transformco — the last time is has commented publicly about its store count — put the number at about 190. A December news article on the woeful state of Sears from CNN Business put the current number at 122, including 74 Sears and 48 Kmarts.