“The stores are slowly closing and where am I going to go shopping. I don’t want to shop online.“-Loretta Olsen, pissed off loyal Kmart shopper in Minnesota
“We have been strategically and aggressively evaluating our store space and productivity, and have accelerated the closing of unprofitable stores.”-Howard Riefs, Sears Holdings
After losing $424-million USD in its first quarter of 2018, Sears Holdings announced 72 additional shutdowns by Summer, but that’s not all as those shutdowns are part of a new list which “identified approximately 100 non-profitable stores”, so potentially a total of 1-hundred additional stores will shutdown “as needed and as warranted.”
Just to remind you, in the 12 months leading up to February 2018, 303 Kmart and 123 Sears stores were shutdown and 50-thousand jobs killed! Five years ago there were about 2-thousand Sears and Kmart stores, now there are less than 9-hundred.
USAToday: Sears gets $425M boost from Citi credit card deal
CNBC: 125 years later, Sears looks a lot different
TheStreet: All the Warning Signs of a Company Nearing the End
CNNMoney: Sears moves to sell Kenmore
Hardware Retailing: Former Sears Brand Now Available at Lowe’s
KFSN: So much for California’s anti-gun laws as Kmart employee stabbed at Visalia store dies from his injuries
Visalia Times-Delta: Typical for leftist liberal California as Accused Kmart killer paroled 8 times before stabbing security guard
Arizona: Phoenix Sears on North Metro Parkway West.
California: City of Industry Puente Hills Mall Sears, 51 jobs gone by September. Ridgecrest Kmart. In Mid City West (‘subregion’ of Los Angeles), the Jewish controlled owner of the Town & Country Shopping Center, ARBA Group, revealed plans to tear down an active Kmart, along with other retail operations like a grocery store, pharmacy and a bank. ARBA Group also revealed that the active Kmart long term lease expired last year and that Sears Holdings has no plans to sign a new long term lease, so they want to go through with a massive gentrification project which will result in a 380 family apartment complex mixed with a new shopping center inside a 26 story tower! A detailed local news report stated that Mid City West leaders, as well as residents, were “stunned” at the scale of the redevelopment. However, ARBA Group originally planned for a tower that could hold 8-hundred families: “It’s a mash up of a downtown high rise building with a Woodland Hills-style shopping mall plunked into the middle of a dense, urban neighborhood.”-John Nahas, Recency Centers (one of the development ‘partners’ for the project)
Los Angeles Times revealed that Sears Holdings created Seritage Growth Properties is spending $60-million USD to redevelop the recently shuttered Santa Monica Sears into more brick-n-mortar spaces. Seritage is also spending $97-million redeveloping a San Diego Sears location into more spaces for brick-n-mortar stores. Sacramento Business Journal revealed the Roseville Sears is going to be redeveloped with $20-million to make more brick-n-mortar spaces. As Blind Bat News said back in 2012, the brick-n-mortar shutdowns are not because of internet competition, its “ALL PART OF Real Estate Investment Trust PLAN TO CHANGE THE WAY YOU SHOP, AND THEY BLAME YOU THE SHOPPER!”
Colorado: Arvada Kmart.
Delaware: Local news media reporting the Dover Sears store is shutting down by mid-August, the Sears Auto Center will remain open. After the Dover Sears store shuts down there will be only one Sears store in The First State.
Florida: Sanford Sears and Tampa Citrus Park Town Center Sears. Tampa Kmart on East Busch Boulevard. Sears Town Mall store in Titusville shutting down in June 2018, a WARN indicating how many people will lose their jobs has yet to be made public. The new owner of the University Mall Sears (RD Management) confirmed it will be shutdown.
Georgia: Three Sears operations in Atlanta, Morrow and Duluth. In Alpharetta, the North Point Mall Sears shutting down.
Hawaii: Lihue Kmart. After 24 years the Kailua-Kona Kmart shutting down in August, 2018. No more Kmarts left in Hawaii.
Idaho: State taxpayers forced to pay to turn a vacant Sears building into a charter K through 12 school in City of Chubbuck/Bannock County (school district 25)! Gem Prep Pocatello announced it plans on moving into the Chubbuck Sears building by 2019, a public hearing is scheduled in June at Chubbuck City Hall. The state Department of Education says “Charter schools do not charge tuition. They receive state funding similar to school districts, however they do not receive additional funds from public levies or bonds.” Nampa BigKmart shutting down in August.
Illinois: Four Sears ops in Aurora, Gurnee, Springfield and Vernon Hills. Rockford Kmart. The Quincy Sears Auto Center shutting down immediately, and then after 90 years (90 years in Quincy, 40 years at the Quincy Mall) the Quincy Sears store shutting down, at least 23 remaining jobs gone by mid-August 2018. The owner of the Quincy Mall, Cullinan Property, called bullshit on Sears Holdings’ reason for the store shutdown saying “the Quincy Mall Sears has been a well-performing store”.
Indiana: Three Sears ops in Indianapolis, Muncie and Lafayette (Tippecanoe Mall Sears), by September. The Mishawaka Sears at University Park Mall going on the auction block on 22May2018. Taxpayers of Saint John being raped of more than $5-million USD for a commercial redevelopment project that will include a vacant Kmart, some residents are pissed saying “Why don’t we just build the buildings for them?” A property developer has signed a lease with the owner of the vacant Bloomington Kmart property. The developer wants to build a massive hotel complex and admittedly wants to ‘get the community involved’ in the deal (taxpayer funding?). City officials have not been officially informed of the project.
Iowa: Davenport Sears (42 jobs gone by September). Des Moines Kmart (60 jobs gone by September) on Hubbell Avenue. Taxpayers being forced to turn a vacant Dubuque Kmart into a new Veterans Affairs clinic.
Kansas: Topeka Sears.
Kentucky: Elizabethtown Sears shutting down, no official date was mentioned in the email received by a local newspaper, but the closing sale is to start at the end of the month and run for up to 10 weeks.
Louisiana: Alexandria Mall Sears. Local news reports say the manager of the Lake Charles Kmart revealed it is shutting down.
Massachusetts: Peabody (68 jobs gone by September) and Springfield Sears.
Michigan: Four Sears ops in Dearborn (66 jobs lost), Flint, Sterling Heights (68 jobs lost) and Traverse City.
Minnesota: Duluth Kmart on North Central Avenue, 40 jobs gone by September. Brooklyn Center (50 jobs gone) and Duluth Miller Hill Mall (45 jobs gone) Sears.
Mississippi: Hattiesburg Sears.
Missouri: Chesterfield and Saint Louis South County Center Way Sears.
Montana: Billings Sears.
New Jersey: Three Sears ops in Burlington, Lawrenceville and Ocean. Passaic/Clifton Kmart (103 jobs gone by September). Elmwood Park Kmart shutting down by the end of July, 2018. After 39 years the Somerset Kmart shutting down by the end of July 2018. Jersey City Kmart shutting down sometime during Summer.
New Mexico: Albuquerque Kmart on Carlisle Avenue and Sears on Coors Bypass North West.
New York: De Witt/Syracuse Sears (45 jobs gone by September). West Babylon Kmart (85 jobs gone by September) and Rosedale Kmart (99 jobs gone by September). 46 years old Wheatfield/Niagara Falls Sears shutting down, at least 42 jobs gone by mid-August 2018.
North Carolina: The owners of the Waynesville Sears Hometown Store announced it will shutdown by July (not part of Sears Holdings official shutdown list).
North Dakota: Grand Forks Sears.
Ohio: Lima and Strongsville Sears.
Oregon: Portland Kmart on North East Sandy Boulevard.
Pennsylvania: Latrobe Kmart. Pittsburgh/South Hills Sears and Pittsburgh Sears on Robinson Center Drive.
South Carolina: Anderson and Spartanburg Sears. Sears store and Auto Center shutting down in the Citadel Mall in West Ashley (Charleston), between June and August 2018. The investor-owners of Citadel Mall just bought the Sears space for $7.55-million USD: “We feel like the Sears parcel is the last piece of the puzzle we need to implement our master plan.”-Richard Davis, one of the investor-owners
South Dakota: Sioux Falls Empire Mall Sears.
Tennessee: Knoxville Sears on Knoxville Center Drive.
Texas: Four Sears ops in Cedar Park, Denton, Lewisville and Fort Worth on Green Oaks Road. Laredo Kmart. In Tyler rumors that the Broadway Square Mall Sears is going away, this after it was revealed the Sears store is going to be torn down. The owner of the mall, Simon Property Group, submitted plans for demolition, replacing the Sears building with smaller retail spaces and no sign of the Sears remaining. The Planning Manager for Tyler would only say “…we support re-development on that site, it’s good that they’re actually doing some re-development for the site and for the city.” In San Antonio, the Park North Shopping Center Sears. Simon Property Group, owner of Broadway Square Mall in Tyler, announced it wants to tear down the active Sears store and Auto Center and create at least two separate retail spaces. Local news reports claim the city council has the final say. Simon Property Group indicated they already have a “new tenant” lined up, Sears Holdings refused to comment.
Vermont: After 39 years the Bennington Kmart shutting down in August 2018.
Virginia: Sears store and Auto Center shutting down at the Danville Mall, between June and August 2018.
Washington: Tacoma Sears on South Steele Street. Los Angeles Times revealed that Sears Holdings created Seritage Growth Properties is spending millions of dollars redeveloping the Redmond Sears into more spaces for brick-n-mortar stores.
Wyoming: The Laramie Kmart shutting down in August 2018. A convoluted commercial transaction that will result in no new job creation and increased vacant properties going down in a place called Sheridan. Natural gas products company EMIT Technologies quietly purchased the vacant Kmart, officially to consolidate all its manufacturing operations into one building. They imply they’re willing to spend their own money improving the property, even working with city public works and parks departments to ‘make it right’. The city still has to approve rezoning plans, but a lot of money will be spent with no new jobs being created and leaving several commercial/manufacturing locations vacated and up-for-sale.
Home Textiles Today: Sears, Kmart now leasing mattresses online
Investorplace.com: The End Game for Sears Holding Corp Has Begun
SEARS KMART DEATH SPIRAL, APRIL 2018: “TOO BIG FOR OUR NEEDS.” SELLING OUT ONLINE!